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CNMC Goldmine surges over 10% on record H1 earnings

CNMC Goldmine surges over 10% on record H1 earnings

By Swedan Margen

Fashion

Soaring gold prices and higher production spur the gold producer’s 256.1% rise in net profit for the first half of 2025

Shares of CNMC Goldmine soared more than 10 per cent on Friday (Aug 15) afternoon after the gold producer posted record first-half earnings this week.

As at 3.05 pm, the stock was trading at S$0.655, with 11.1 million shares changing hands. This was 10.1 per cent or S$0.06 above its S$0.595 closing price on Thursday.

By 3.36 pm, the counter had eased down to S$0.645, still 8.4 per cent or S$0.05 above Thursday’s close, with some 13.6 million shares transacted.

On Wednesday, CNMC Goldmine reported a record net profit of US$15.8 million for H1 ended Jun 30, 2025.

Fuelled by soaring gold prices and higher production, this marked a 256.1 per cent surge from its US$4.4 million net profit in the year-ago period.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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