2. CNMC Goldmine’s net profit has steadily increased since 1HFY022, reaching US$5.5 million ($17.2 million) in 1HFY2024. What have been the key drivers of growth?
1. What is CNMC Goldmine’s business, and what are its key business segments?
We are a Singapore-headquartered mining company operating in Malaysia’s Kelantan state. Our flagship project, the Sokor Gold Field, spans 10 sq km and has been producing gold for more than a decade. Our gold doré bars are sold to licensed buyers in Malaysia. In 2022, we broadened our portfolio to include lead and zinc concentrates from gold. These concentrates — powdery substances meant to be processed into pure lead and zinc — are sold internationally, providing a new revenue stream.
