---
title: "CNMC Goldmine aligns Q1 spending with plans and intensifies Ulu Sokor exploration"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285385939.md"
description: "CNMC Goldmine Holdings Limited reported Q1 2026 spending of US$19.39 million, closely aligning with its planned budget of US$20.14 million. The company focused on the Ulu Sokor concession, completing five drillholes that confirmed gold mineralisation. For Q2, CNMC plans to intensify exploration with a larger drilling programme and budgeted spending of US$17.10 million, aiming to deepen resources and support long-term production. CNMC operates gold concessions in Malaysia, including Ulu Sokor, Kelgold, and CNMC Pulai, with a current market cap of S$554.5 million."
datetime: "2026-05-06T13:15:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285385939.md)
  - [en](https://longbridge.com/en/news/285385939.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285385939.md)
---

# CNMC Goldmine aligns Q1 spending with plans and intensifies Ulu Sokor exploration

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An update from CNMC Goldmine Holdings Limited ( (SG:5TP) ) is now available.

CNMC Goldmine reported that its cash usage for the first quarter of 2026 largely aligned with projections, with a total of US$19.39 million spent on exploration, plant and machinery, production materials, royalties and working capital. The variance versus planned spending of US$20.14 million was attributed mainly to timing differences in certain payments, indicating stable cost control in its production operations.

Operationally, the group concentrated its exploration efforts on the producing Ulu Sokor concession, completing five drillholes and extensive core sampling that confirmed intersections of gold mineralisation at the Manson’s Lode and New Found deposits. For the second quarter, CNMC plans to maintain its focus on Ulu Sokor with a larger drilling programme, new vertical shafts under construction at key deposits, and budgeted production-related spending of US$17.10 million, underscoring a strategy geared toward deepening resources and supporting long-term output.

**More about CNMC Goldmine Holdings Limited**

CNMC Goldmine Holdings Limited is a Singapore-listed mineral exploration and mining company focused on gold production. Its core operations are in Malaysia, where it develops and operates gold concessions such as the Ulu Sokor, Kelgold and CNMC Pulai projects, targeting both ongoing production and resource expansion in the region.

**Average Trading Volume:** 6,637,881

**Technical Sentiment Signal:** Buy

**Current Market Cap:** S$554.5M

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