SINGAPORE (Feb 23): Gold mining company CNMC Goldmine Holdings’ 4Q earnings rose 3.3% to US$3.27 million ($4.6 million).
Revenue fell 5% to US$9.3 million, due to weaker gold prices.
Production costs fell to US$555 per ounce of gold from US$610 a year ago.
For the full year, earnings fell 12.9% to US$10.67 million, although revenue grew 9.8% to US$36.5 million. The improved topline came on the back of higher production and sales of fine gold from increased productivity at CNMC’s three leaching yards. The group recorded an unrealised foreign exchange loss of US$3 million stemming from the depreciation of the ringgit against the greenback.
The group declared a final dividend of 0.18 cent and a special dividend of 0.405 cent for the 12 months ended December 2015. Earlier, it declared two interim payouts of 0.18 cent each, bringing the total dividend for FY2015 to 0.945 cents a share, up 40% from the previous year.
CNMC closed unchanged at 21.5 cents.