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Low ore grades continue to drag on CNMC's Q2 profit

CNMC is bullish on gold prices and is depending on its upcoming carbon-in-leach plant at its Sokor mine in Kelantan.


PLAGUED by low ore grades and a decline in production since the fourth quarter of 2016, CNMC Goldmine Holdings on Monday reported an 89.8 per cent plunge in its net profit for the second quarter to US$478,000.

CNMC, which is the first Catalist-listed gold mining company

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