CNMC Goldmine spent 19.39 million Singapore dollars on Q1 production, targets 17.10 million Singapore dollars for Q2

SGX Filings
May 06

CNMC Goldmine Holdings Limited announced its additional mineral, oil and gas disclosure for the quarter ended Mar, 31 2026, detailing actual production cash outflows of 19.39 million Singapore dollars.

Actual spending in the period comprised 0.58 million Singapore dollars on exploration and evaluation, 1.12 million Singapore dollars on plant and machinery, 4.95 million Singapore dollars on diesel and other materials, 5.95 million Singapore dollars in royalty and tribute fees, 0.66 million Singapore dollars on equipment rental, 0.19 million Singapore dollars for equipment upkeep and 5.94 million Singapore dollars for general working capital. The projected amount for the quarter had been 20.14 million Singapore dollars, with the variance attributed mainly to timing differences in certain payments.

Operationally, the group completed five drillholes totalling 1,929.95 metres at its Ulu Sokor concession, sent 603 half-core samples for multi-metal analysis and reported intersections with gold mineralisation in the Manson’s Lode and New Found deposits. No exploration work was undertaken at its Kelgold and CNMC Pulai concessions during the quarter.

For the quarter ending Jun, 30 2026, CNMC Goldmine plans to deploy 17.10 million Singapore dollars, including 1.08 million Singapore dollars for exploration and evaluation, 1.27 million Singapore dollars for plant and machinery, 6.46 million Singapore dollars for diesel and materials, 4.37 million Singapore dollars in government royalties and tribute fees, 0.74 million Singapore dollars for equipment rental, 0.17 million Singapore dollars for upkeep and 3.01 million Singapore dollars in working capital.

The company will maintain its exploration focus on the Ulu Sokor concession, where it has scheduled 12 diamond-drill holes totalling 3,530 metres, and will continue construction of two vertical mining shafts at the New Found and Manson’s Lode deposits. Limited surface work is planned at the Kelgold concession, while no major activity is slated for CNMC Pulai.

The disclosure was approved by the board on May, 06 2026. CNMC Goldmine’s sponsor, PrimePartners Corporate Finance, has reviewed but not independently verified the announcement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10