CNMC triple earnings in H1 2025 to $15.76m on higher production

The completion of its plant expansion in April boosted daily processing to 800 tonnes.

CNMC Goldmine Holdings Limited tripled its earnings in H1 2025 on higher gold prices and higher production thanks to its completed plant expansion.

Profit attributable to shareholders was $15.76m in H1, a 256.1% surge from the $4.43m in H1 2024, according to an SGX filing.

Revenue rose 78% to $52.8m in the first six months of the year, compared to $28.67m a year earlier.

Distribution per share is 1.5 cents per share, comprising a special payout of 1.1 cents and an interim dividend of 0.4 cents. Payout ratio is nearly 29% of H1 2025 earnings, the company said.

CNMC, which operates the Sokor gold mine in Malaysia’s Kelantan state, said that it produced 11,811 ounces of gold from its carbon-in-leach plant in H1 2025, 26% more than in H1 2024.

The increase was thanks to the completion of the CIL expansion in April 2025, which boosted daily processing to 800 tonnes of gold-bearing ore, from 500 tonnes previously. Output from the upgraded CIL accounted for 71.5% of the revenue.

The improved earnings boosted CNMC’s net cash from operations to $25.1m in H1 2025 from just $10.9m in H1 2024.