CNMC Goldmine shares shine amid soaring gold prices
Shares of CNMC Goldmine have surged over 19% this week, driven by rising gold prices as investors seek safe-haven assets amid geopolitical tensions and potential US interest rate cuts. The stock reached $1.25, up 5.9% in morning trade on Jan 14. Gold prices rose 0.9% to US$6,626.43, nearing an all-time high. CNMC Goldmine reported record earnings of US$15.8 million for H1 FY2025, a 256.1% increase from the previous year, with revenue up 78% to US$52.8 million, fueled by higher gold production and prices.
Straitstimes·