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CNMC Goldmine in the red for Q4 with US$1.9m loss

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MALAYSIAN gold miner CNMC Goldmine Holdings fell into the red for the fourth quarter, as revenue tumbled 44 per cent due to lower ore grades.

MALAYSIAN gold miner CNMC Goldmine Holdings fell into the red for the fourth quarter, as revenue tumbled 44 per cent due to lower ore grades.

The group recorded a loss of US$1.9 million for the three months ended Dec 31, against a net profit of US$3.3 million in the same period a year ago.

It made revenue of US$5.2 million for the quarter, down from US$9.3 million for the year-ago period.

CNMC intends to issue a special dividend of 0.534 Singapore cent a share, and a final dividend of 0.2 Singapore cent a share.

This will bring the total dividend payout to 1.134 Singapore cents a share, against 0.945 cent in the previous year.

sentifi.com

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