Trade $ CNMC Goldmine - 5TPsg CFD

Trading Conditions

• Type: CFD
• Spread: 0.014
• Long position overnight funding adjustment: -0.01368%
• Short position overnight funding adjustment: -0.00824%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: SGD
• Min traded quantity: 1
• Margin: 20.00%
• Stock exchange: Singapore
• Commission on trade: 0%
• Guaranteed stop premium: 1%

Key Stats

• Prev. Close: N/A
• Open: 1.758
• 1-Year Change: 815.63%
• Day's Range: 1.738 - 1.798

About CNMC Goldmine Holdings Ltd

CNMC Goldmine Holdings Limited is a Singapore-based gold producer. The principal activities of the Company are those of an investment holding and management company. The Company operates through two segments: gold mining and other operations. Gold mining segment is engaged in exploration, development, mining and marketing of gold. Other operations segment include investment holding company and provision of corporate services. The Company’s flagship project includes the Sokor Gold Field project, which covers an area of approximately 2,370 acers. The Sokor Gold Field project is located in the District of Tanah Merah, Kelantan, Malaysia and it is accessible by travelling southwest from the town of Tanah Merah. The area is underlain by mildly metamorphosed volcanoes of Permian and Triassic age.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, CNMC Goldmine Holdings Ltd revenues increased 38% to $32.9M. Net income totaled $1.7M vs. loss of $3.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Rental and other lease expenses decrease of 16% to $1.6M (expense), Travelling and transportation expenses decrease of less than 1% to $315K (expense).