CNMC Goldmine: a Catalist gold producer

CNMC gold mine is a Singapore-based gold producer established in 2006 and listed on the SGX catalyst. CNMC focuses on gold exploration, mining and processing with his flagship so gold project located in Kalantan, Malaysia. The project covers 10 square kilmters and holds significant gold resources. CNMC also produces lead and zinc contributing to his diversified portfolio.

operation in general in Soo project has stabilized very much in the financial year 2023 which brought us a to cross our overall revenue for the year in back in 2023 over the US 50 million mark and the momentum continues to carry on. Yeah, as you can see from our first half result this year compared first half 202 uh24 compared to first half 2023 we have a increase in gold production coupled with a increase in the selling price in gold. he propel our overall profit in first half 2024 to be more than our full year profit of full year 2023. In 2023, we registered the first full year of revenue generated from the lead and zinc concentrate with a full year revenue coming in there and brought us the total revenue of the group brought us to the all-time high to cross over the US 50 million mark for the first time.

the momentum carry on to this year. you can see from our latest first half result. The company is expanding its carbon in leech plant at So aiming to increase gold processing capacity by 60% from 500 to 800 tons per day. This strategic investment is expected to be completed in first half 2025 and will drive further growth in gold output solidifying CNMC's leadership in the sector.

We are ready to expand our CL plant facility by 60% from our existing capacity which we hope in turn it will hopefully barring any unforeseen circumstances it will increase our gold production once it's completed in hopefully within first half of 2025. Gold prices have surged to an all-time high in recent times, driven by global uncertainties such as geopolitical tensions and inflation. Gold prices are likely to remain elevated in the near future, supporting CNMC's growth trajectory. 4 cents.

Despite its bright prospects, CNMC is currently trading at 15 times PE which offers value compared to its peers which trade at about 23 times. The company has guided that its fullear 2024 net profit to be released in coming weeks is expected to significantly improve yearonear.