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
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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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