CNMC's profit shines brighter, OKP proposes 0.3 cent dividend:
CNMC Goldmine’s net profit increased by 239.7% from US$1.01 million in FY2012 to US$3.43 million in FY2013.
A big boost came in 4Q when its production of fine gold in Kelantan, Malaysia, surged 335.6% from 1,334.60 oz in 4Q2012 to 5,813.26 oz in 4Q2013.
With that, revenue from sales of fine gold increased by 230.8% from US$2.23 million in 4Q2012 to US$7.38 million in 4Q2013.
The shiny performance in 4Q derived from significant economies of scale which were first experienced in 3Q2013 when CNMC's second leach pad became operational, enabling the Group to register all-in costs of US$775 per oz then.
The Group achieved even lower all-in costs of US$761 per oz in 4Q2013.
The management expects further improvement in its cost structure through further economies of scale when the third leach pad goes into production this year.
CNMC is proposing a final dividend of 0.1 cent per share. Just last month (Jan), it had paid out a surprise interim dividend of 0.1 cent a share.
These are its first payouts since its listing in Oct 2011, and constitute a dividend yield of just 0.8% on its recent stock price of 25 cents.
'via Blog this'
CNMC Goldmine’s net profit increased by 239.7% from US$1.01 million in FY2012 to US$3.43 million in FY2013.
A big boost came in 4Q when its production of fine gold in Kelantan, Malaysia, surged 335.6% from 1,334.60 oz in 4Q2012 to 5,813.26 oz in 4Q2013.
With that, revenue from sales of fine gold increased by 230.8% from US$2.23 million in 4Q2012 to US$7.38 million in 4Q2013.
The shiny performance in 4Q derived from significant economies of scale which were first experienced in 3Q2013 when CNMC's second leach pad became operational, enabling the Group to register all-in costs of US$775 per oz then.
The Group achieved even lower all-in costs of US$761 per oz in 4Q2013.
The management expects further improvement in its cost structure through further economies of scale when the third leach pad goes into production this year.
CNMC is proposing a final dividend of 0.1 cent per share. Just last month (Jan), it had paid out a surprise interim dividend of 0.1 cent a share.
These are its first payouts since its listing in Oct 2011, and constitute a dividend yield of just 0.8% on its recent stock price of 25 cents.
'via Blog this'
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