CNMC Goldmine's stock price soared 3.03% during intraday trading on Thursday, reflecting strong investor sentiment.
The surge follows the company's release of its annual general meeting presentation, which highlighted a near-doubling of FY2025 revenue to USD 128.37 million. Profit after tax rose significantly to USD 52.2 million, lifting the net profit margin to 40.7%.
Operational improvements also supported the positive outlook, including a 60% expansion of carbon-in-leach plant capacity to 800 tonnes per day, which helped drive a 65% jump in second-half gold output to 14,227 ounces. Furthermore, mineral resources for processing increased by 27% to 1,157,000 ounces of contained gold, and the company announced a growth plan centered on two new underground shafts at its Sokor project.