CNMC Goldmine Holdings posted a net profit attributable to shareholders of US$42.0 million for the year ended Dec 31 2025, more than quadruple the US$9.8 million recorded a year earlier, as buoyant bullion prices and higher production volumes lifted earnings.
Basic and diluted earnings per share jumped to 10.36 US cents from 2.43 US cents a year ago, while group revenue almost doubled to US$128.4 million, up 97 per cent year-on-year (YoY).
The board has proposed a final tax-exempt dividend of S$0.008 and a special tax-exempt dividend of S$0.027 per share, taking the full-year payout to S$0.050 per share. The proposed final and special dividends compare with a combined S$0.010 a year earlier. Payment and record dates will be announced after shareholder approval at the April 2026 annual general meeting.
Mining remained the chief earnings driver, contributing a pre-tax profit of US$69.5 million, up from US$18.7 million in FY2024. Other operations, mainly dividend and management-fee income from subsidiaries, added US$17.6 million before eliminations. Group pre-tax profit rose to US$69.4 million from US$17.7 million previously.
Gold revenue surged 112 per cent YoY to US$93.5 million, reflecting a 46 per cent rise in the average realised gold price and a 45 per cent increase in sales volume to 26,039 ounces after the newly expanded carbon-in-leach plant lifted processing capacity to 800 tonnes a day. Sales of gold and silver contained in lead concentrate also strengthened, while zinc concentrate revenue advanced 23 per cent. All-in sustaining costs edged up 5.9 per cent to US$1,357 per ounce, but all-in costs slipped 1.2 per cent to US$1,459 per ounce, indicating improved operating leverage.
Operating expenses rose in tandem with production, notably royalty and tribute payments, staff costs and site expenses. Nevertheless, margin expansion from higher metal prices and volumes offset the cost increases.
Looking ahead, CNMC is pressing on with growth projects at its flagship Sokor mine. Construction of a new underground facility has been extended to ensure structural integrity after water ingress at the supporting shaft. In addition, the group will invest about US$12 million to add two vertical shafts at the New Found and Manson’s Lode deposits, slated for completion in 2027, to access deeper, higher-grade ore bodies. Exploration efforts will also continue at the nearby Kelgold concession to underpin longer-term growth.
The World Gold Council expects geopolitical tension, a potentially softer US dollar and persistent market uncertainty to support investment demand for gold in 2026, while industrial demand for lead, zinc and silver remains firm, providing a supportive backdrop for the group’s diversified product mix.