Could this be another fairytale of SGX like iFAST and AEM Holdings? Driven by the historic highs of gold price, CNMC Goldmine share price has been in a spectacular form, surging by an eye-popping 6-fold within a year. Year-to-date, CNMC Goldmine share price surged by a mighty 83%.
As gold spot price hit record levels in the past one year, interest in the precious metal increased among the investment community. Previously, I have covered SPRDR Gold ETF and e-commerce retailer, BullionStar. In this article, I will share my thoughts on a Catalist-listed gold mining company – CNMC Goldmine.
For background, CNMC Goldmine is a gold mining company that started operations in 2006 and are principally engaged in the exploration and mining of gold and the processing of mined ore into gold bars. Although the company is listed in Catalist and headquartered in Singapore, the key business activities are mainly in Kelantan, Malaysia. The company currently only has one active production mining site...