‘Significant improvement’: CNMC Goldmine expects profit lift for 2025 on higher gold, silver prices
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CNMC Goldmine anticipates a significant increase in net profit for FY2025, driven by higher gold and silver prices and increased production at its processing plants. The company expects to release full-year results by March 1, following a preliminary review indicating improved financial performance compared to FY2024. The rise in gold prices, reaching nearly US$5,600 per ounce, has spurred investor demand, with Singapore's gold purchases hitting a record 9.6 tonnes in 2025. Shares of CNMC Goldmine rose 2% to S$1.51 on the news.
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