Driven by higher gold prices and greater production volume, CNMC Goldmine Holdings' 2HFY2025 earnings reached US$26.2 million, a surge of 382.8% y-o-y. This brings its full-year earnings to US$42 million, up 326.5%. Revenue for the whole of FY2025 doubled to US$128.4 million.
In FY2025, the company produced and sold 26,039 ounces of gold at an average price of US$3,589, up from 17,959 ounces at US$2,455 in FY2024.
Besides higher revenue, CNMC is able to operate at a more efficient manner, with all-in cost of production for gold down to US$1,459 per ounce in FY2025 from US$1,477.
On top of gold, CNMC saw an increase in revenue from other metals that it is able to mine together, such as silver, lead and zinc.
These other metals, in FY2025, fetched revenue of US$34.9 million, up by nearly 65%.
As a result of these improvements, CNMC's net cash reached a record US$62.6 million as at Dec 31 2025, up from US$19.1 million as at Dec 31 2024.
See also: CSE Global FY2025 net profit jumps 42.3% y-o-y to $37.5 mil on the back of $968.9 mil revenue
The company plans to pay a final dividend of 0.8 Singapore cents per share and a special dividend of 2.7 cents per share. Together with the interim dividend of 1.5 cents already paid, total payout for FY2025 will be 5 cents, versus 1.4 cents paid for the whole of FY2024.
CNMC, noting the recent surge in gold prices, says that demand continues to be underpinned by geopolitical uncertainty, evolving monetary policy and sustained purchases by central banks worldwide.
The company plans to build two new vertical underground mining infrastructure facilities which will cost US$12 million, so that it can access deeper higher-grade ores.
This new underground facility is expected to enhance overall production quality once fully operational in 2027.
Meanwhile, exploration work continues at the nearby Kelgold concession, providing a longer-term pipeline for growth.
CEO Chris Lim calls 20205 a "big step-up" for the company.
"We delivered record earnings and revenue while generating stronger cash flow from elevated spot prices and higher output.
"We achieved all this while lowering our all-in production costs, reflecting the benefits of scale from our carbon-in-leach plant, which was expanded last year. The overall outlook for gold and other metals is constructive, and we fully intend to build on this momentum in 2026," says Lim.
CNMC Goldmine shares closed at $1.73 on Feb 26, down 1.14% for the day but up 458.06% in the past year.
