CNMC Q2 profit up 31% on higher gold production

Singapore

STRONGER gold production and higher average gold prices gave a fillip to earnings for CNMC Goldmine Holdings (CNMC) in its second quarter.

Net profit grew 31 per cent to US$4.70 million from the year-ago period, the group said in a Singapore Exchange filing on Wednesday evening.

This translated to earnings of 1.61 Singapore cents per share, from 1.19 Singapore cents in the p…