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CNMC in the red for Q4 on lower ore grade

Planned subscription of shares for a 51% stake in Pulai Mining is still on track for completion

"We will double down on efforts to minimise production costs even as we seek to increase our mining activities," said Mr Lim.


MALAYSIAN gold miner CNMC Goldmine Holdings fell into the red for the fourth quarter, as revenue tumbled 44 per cent on 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...

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