CNMC gets higher share of gold in mine but yield is uncertain

Singapore

CNMC Goldmine Holdings' share of gold resources in its flagship Sokor project in Malaysia increased 16 per cent after the latest independent assessment of the site, although the estimated resources are now more probable than proven compared to a year ago.

An independent assessment by Australia-based Optiro said that as at Dec 31, 2017, the project is believed to hold 724,000 ounces of measured, indicated and inferred gold, based on 13.86 million tonnes of ore and 1.6 grams of gold per tonne of ore. CNMC's share of the gold resources is 586,000 ounces, a 16 per cent increa…