Soaring gold prices and higher production spur the gold producer’s 256.1% rise in net profit for the first half of 2025
[SINGAPORE] Shares of CNMC Goldmine soared more than 10 per cent on Friday (Aug 15) afternoon after the gold producer posted record first-half earnings this week.
As at 3.05 pm, the stock was trading at S$0.655, with 11.1 million shares changing hands. This was 10.1 per cent or S$0.06 above its S$0.595 closing price on Thursday.
By 3.36 pm, the counter had eased down to S$0.645, still 8.4 per cent or S$0.05 above Thursday’s close, with some 13.6 million shares transacted.
On Wednesday, CNMC Goldmine reported a record net profit of US$15.8 million for H1 ended Jun 30, 2025.
Fuelled by soaring gold prices and higher production, this marked a 256.1 per cent surge from its US$4.4 million net profit in the year-ago period.
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