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Poor ore grades continue to weigh down CNMC's Q3 profit

Earnings fall 45.8% to US$957,300; company exploring industrial metals like iron ore as part of contingency plans

Published Fri, Nov 10, 2017 · 09:50 PM

Singapore

FOR the fourth consecutive quarter, poor ore grades have crimped the production and sales of gold for CNMC Goldmine Holdings Limited, which recorded a 45.8 per cent drop in its third-quarter earnings.

At a results briefing on Friday, the Catalist-listed company's management said that it is exploring other industrial metals like iron ore as part of its contingency plans.

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