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Poor ore grades continue to weigh down CNMC's Q3 profit

Earnings fall 45.8% to US$957,300; company exploring industrial metals like iron ore as part of contingency plans

Singapore

FOR the fourth consecutive quarter, poor ore grades have crimped the production and sales of gold for CNMC Goldmine Holdings Limited, which recorded a 45.8 per cent drop in its third-quarter earnings.

At a results briefing on Friday, the Catalist-listed company's

sentifi.com

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