Gold output from its flagship Sokor mine in Malaysia’s Kelantan state rose 27.2% y-o-y to 9,357 ounces, which fetched an average selling price of US$2,266 per ounce, the highest in the company’s history.
CNMC Goldmine Holdings has recorded 1HFY2024 ended June earnings of US$4.4 million ($5.83 million), more than what it made for the whole of last year, or 160.4% higher y-o-y.
The eight-year peak was driven by higher gold prices and increased production.
