CNMC Goldmine in the red for Q4 with US$1.9m loss

MALAYSIAN gold miner CNMC Goldmine Holdings fell into the red for the fourth quarter, as revenue tumbled 44 per cent due to lower ore grades.

The group recorded a loss of US$1.9 million for the three months ended Dec 31, against a net profit of US$3.3 million in the same period a year ago.

It made revenue of US$5.2 million for the quarter, down from US$9.3 million for the year-ago period.

CNMC intends to issue a special dividend of 0.534 Singapore cent a share, and a final dividend of 0.2 Singapore cent a share.

This will bring the total dividend payout to 1.134 Singapore cents a share, against 0.945 cent in the previous year.