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CNMC Goldmine Holdings Limited ( (SG:5TP) ) just unveiled an announcement.
CNMC Goldmine Holdings Limited has completed the expansion of its carbon-in-leach (CIL) plant at the Sokor Gold Project, which now allows for an additional 300 tonnes of gold-bearing ore to be processed daily, increasing the total capacity by 60% to 800 tonnes per day. This expansion, fully funded by internal resources, is expected to enhance the company’s processing capabilities, although it does not guarantee a proportional increase in gold production due to variable factors such as ore grade.
More about CNMC Goldmine Holdings Limited
CNMC Goldmine Holdings Limited operates in the gold mining industry, focusing on the extraction and processing of gold. The company’s primary activities include the development and expansion of gold mining projects, with a significant market focus on increasing processing capacities and optimizing production efficiency.
YTD Price Performance: 37.50%
Average Trading Volume: 1,853,245
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$134.5M
Find detailed analytics on 5TP stock on TipRanks’ Stock Analysis page.