CNMC Goldmine Capitalizes on Soaring Gold Prices

CNMC Goldmine Holdings Limited (SG:5TP) has released an update.

CNMC Goldmine Holdings Limited has responded to inquiries from the Securities Investors Association (Singapore), highlighting a 15% increase in gold spot prices in 2023 and the establishment of a new underground mining facility at their Sokor project. The company capitalised on the bullish gold market, with an average gold sale price of US$1,960 per ounce for the year, as detailed in their annual financial highlights.

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