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CNMC Goldmine Holdings

Broker's Calls

SAC Capital keeps ‘buy’ and leapfrogs target price on CNMC Goldmine Holdings to $1.13 from 45 cents previously

As at June 30, the company has US$37.3 million in net cash, which the analyst notes is a “record amount”. This accounts for 62% of its net asset value.
CNMC reports record earnings of US$15.8 million for 1HFY2025 - THE EDGE SINGAPORE

Results

CNMC reports record earnings of US$15.8 mil for 1HFY2025

CNMC CEO Chris Lim says the 1HFY2025 results "far exceeded" expectations

Broker's Calls

Lim & Tan Securities increases CNMC Goldmine’s target price to 48 cents after FY2024 results

On Feb 24, CNMC Goldmine announced earnings of US$9.8 million ($13.1 million) for the FY2024 ended Dec 31, 2024, 140.3% higher y-o-y. The bottom line was also the highest since CNMC's FY2015 results.

Results

CNMC Goldmine expects ‘significant improvement’ in profit guidance for FY2024

The company explains that the improvement is due to higher revenue from the sale of gold, as well as lead and zinc concentrate during the year.
CNMC Goldmine ramps up production amid gold rally - THE EDGE SINGAPORE

Corporate moves

CNMC Goldmine ramps up production amid gold rally

The company will continue exploring its sites and is hopeful to uncover commercially viable opportunities.

Results

CNMC projects 'significant overall improvement' for its FY2023 earnings

Besides higher revenue from gold, CNMC generated revenue from lead and zinc concentrates

Contracts

CNMC Goldmine enters into 10-year sales contract with Yuchen Resources

Yuchen will purchase all lead, zinc and other concentrates or ore produced by CNMC at its Ulu Sokor concession from Jan 1, 2024.
Peter Choo-backed biomed firm CytoMed lists on Nasdaq - THE EDGE SINGAPORE

IPO

Peter Choo-backed biomed firm CytoMed lists on Nasdaq

CytoMed Therapeutics was spun off from A*Star
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