Yahoo Finance 
CNMC Goldmine quadruples its full year net profit
CNMC Goldmine Holdings Limited announced its full year results. FY revenue was up 100% year-on-year to US$33.2 million while FY PATMI was up 357% year-on-year to US$12.2 million. This was attributed to its record gold production of 26,122 ounces which is an increase of 107% year-on-year. The record gold production was possible because of the addition of a third leaching yard in May 2014 and a new crushing system in Sep 2014. Going forward, CNMC Goldmine looks to maintain its low cost structure. It aims to keep its all-in costs below USS$ 700 an ounce. This is a cost structure that it has achieved in the last 3 quarters.
GET TO THE POINT : This is something we have said for a while. There is a huge difference between a producing gold mine and a gold mine still under exploration. The financials show this difference very clearly.
(Picture from CNMC Goldmine Holdings Limited)
Related Articles:
The post CNMC Goldmine quadruples its full year net profit appeared first on Asean Equities Review.
