CNMC Goldmine declares maiden interim dividend

IN spite of a difficult year for gold prices, Catalist-listed gold miner CNMC Goldmine Holdings yesterday declared its first dividend.

The interim dividend of 0.1 cent a share is to reward shareholders who have believed in the company, said chief executive Chris Lim.

"We're not declaring a big fat dividend now, for the simple reason that we are still a growing company. We need to allocate the bulk of our profit into growing this company ... but the board also recognises that we want to put equal priorities between our shareholders' benefit and the (growth) of the company," he noted.