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CNMC Goldmine 3Q19 earnings surge to $2.7 mil on higher gold prices

Uma Devi
Uma Devi • 2 min read
CNMC Goldmine 3Q19 earnings surge to $2.7 mil on higher gold prices
SINGAPORE (Nov 12): CNMC Goldmine Holdings reported earnings of US$2.0 million ($2.7 million) for 3Q19 ended September – an eight-fold increase from the US$235,611 profits posted in the previous year. 
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SINGAPORE (Nov 12): CNMC Goldmine Holdings reported earnings of US$2.0 million ($2.7 million) for 3Q19 ended September – an eight-fold increase from the US$235,611 profits posted in the previous year.

This was the Catalist-listed gold producer’s highest quarterly profit so far this year and brings its earnings for the first nine months of 2019 to US$4.2 million, surpassing its full-year earnings of US$1.68 million for 2018.

Earnings per share for the quarter stood at 0.49 US cent, an increase from 0.06 US cent for the corresponding quarter last year.

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