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CNMC Goldmine 3Q sets various record performance

Vincent Chia
CNMC Goldmine 3Q sets various record performance

CNMC Goldmine Holdings Limited announced its 3Q results. 9M revenue was up 153% year-on-year to US$ 23.4million while 9M PATMI was up 770% year-on-year to US$ 9.1million. 3Q revenue was up 60% year-on-year to US$10.1million while 3Q PATMI was up 103% year-on-year to US$ 3.4million. The results were attributed to a record fine gold production of 7667.2 ounces in 3Q 2014. Total fine gold production for 9M 2014 was 18,157.6 ounces. There was also a significant reduction in all-in-costs per ounce of gold sold from US$ 775 to US$ 648 per ounce compared to the same quarter a year ago. Going forward, CNMC Goldmine expects to have a record annual performance despite weaker spot prices for gold.

GET TO THE POINT : CNMC Goldmine expects to have a strong record performance year despite weaker prices for gold. Credit to its strong operational execution of its gold production.

(Picture from CNMC Goldmine Holdings Limited)

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