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CNMC upbeat and out to contain costs

Published Mon, Aug 11, 2014 · 10:00 PM
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GOLD mining company CNMC Goldmine Holdings is optimistic about growth in the coming quarters, as it has recognised further production from its third leaching yard that began operations only 21/2 months ago, its senior executives said.

The company is also looking to keep a lid on costs, with a slower pace of growth in expenses boosting its net profit for the second quarter, the company's chief executive Chris Lim said at a briefing yesterday.

CNMC, Singapore's first listed gold miner, reported a net profit of US$4.44 million for the second quarter ended June 30, up from US$26,180 a year…

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