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CNMC in the red for Q4 on lower ore grade

Planned subscription of shares for a 51% stake in Pulai Mining is still on track for completion

Published Tue, Feb 21, 2017 · 09:50 PM

Singapore

MALAYSIAN gold miner CNMC Goldmine Holdings fell into the red for the fourth quarter, as revenue tumbled 44 per cent on 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.

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