CNMC Goldmine Holdings Limited’s stock has been one of Singapore’s most talked‑about “pure gold” counters in 2025—riding a powerful combination of higher gold prices, increased processing capacity, and record earnings that translated into bigger dividends. As of the latest trading close on Dec 12, 2025, CNMC Goldmine (SGX: 5TP) finished at S$1.03, up 5.64% on the day, with about 7.28 million shares traded—an active print for a Catalist name. [1]
Below is a full roundup of the most recent company disclosures, market-moving news coverage, and current forecast signals available as of 13 Dec 2025 (markets closed today, so the latest close is Friday’s).
CNMC Goldmine share price today: where the stock stands heading into mid‑December 2025
CNMC Goldmine closed S$1.03 on Dec 12, 2025 after moving between S$0.99 and S$1.03 in the session, continuing the volatile but high‑interest trading pattern that has defined much of 2025. [2]
From a market value perspective, CNMC’s market capitalisation was about S$417.45 million as of Dec 12 (with StockAnalysis also listing an implied P/E ratio of ~15.48 and trailing revenue of ~S$112.48 million on its data snapshot). [3]
On MarketScreener’s tracking, CNMC’s year‑to‑date move was shown at roughly +320% by Dec 12—putting it among the standout gainers tied to the gold rally narrative. [4]
The big 2025 storyline: CNMC’s gold leverage turned a commodity rally into a stock rocket
CNMC’s defining trait for investors is simple: it’s a listed vehicle with unusually direct exposure to gold price moves, because it explores, mines and processes gold around its Sokor Gold Field Project in Kelantan, Malaysia. That “operating leverage” concept—profits rising faster than revenue when gold prices rise—was explicitly highlighted by analysts quoted in The Business Times as CNMC’s share price surged. [5]
The Business Times captured the scale of the run-up vividly: one share was about S$0.25 at the turn of 2025, and by Oct 15 it had surged to about S$1.28—“more than 400%” higher within just over 10 months. [6]
That rise wasn’t a straight line. CNMC’s share price has repeatedly “tracked the mood” of gold itself—surging on rallies and wobbling hard on corrections.
Latest corporate developments: Q3 2025 exploration update, spending profile, and a project delay
The latest SGX corporate disclosure as of Dec 13 is CNMC’s “Additional Disclosure Required for Mineral, Oil and Gas Companies” filing for the third quarter ended 30 September 2025 (released Nov 4, 2025). This document matters because it’s one of the clearest windows into CNMC’s operational tempo—where cash went, what drilling found, and what management is prioritising next. [7]
Q3 2025 cash usage: where CNMC spent money to keep output and exploration moving
For 3Q2025, CNMC reported total funds/cash usage of US$12.93 million (vs projected US$13.88 million), with major line items including diesel/production materials, royalty/tribute fees, and working capital. [8]
Q3 2025 exploration highlights: drilling across multiple Sokor targets
Operationally, CNMC described active exploration across the Ulu Sokor concession. Highlights included:
- Manson’s Lode deposit: seven out of eight drill holes intersected the north extension of deep gold orebodies. [9]
- New Found deposit: 12 drill holes at the southeast zone, with 4 intersecting gold and base metal mineralisation. [10]
- Rainbow Prospect: described as a new prospect area; 2 of 5 drill holes intersected gold and base metal mineralisation. [11]
- Tiger Prospect: early-stage near-surface evaluation continued. [12]
In total, CNMC said 27 drillholes were completed in 3Q2025, covering 5,008 meters at Ulu Sokor. [13]
Q4 2025 outlook: higher projected cash use, deeper drilling ambition, and an underground facility setback
For 4Q2025, CNMC projected production‑activity cash usage of US$15.66 million, implying a step-up from Q3. [14]
Strategically, the filing also pointed to drilling ambitions at depth—especially at New Found, where exploration drilling was planned targeting levels up to 800 meters to “unlock deeper potential.” [15]
But the most consequential line for risk-watchers was the project update: CNMC disclosed that an underground mining facility under construction at Sokor’s Rixen gold deposit encountered water accumulation issues, and also reported an unrelated fatal incident at a supporting shaft with authorities notified and an investigation underway. CNMC indicated these factors would impact the project timeline and that completion would be delayed beyond the year, emphasising safety and structural integrity. [16]
Earnings momentum: record 1H2025 results, higher realised gold prices, and a bigger dividend
The fundamental “why” behind CNMC’s 2025 rerating is not just gold hype—it’s the company’s reported earnings power during the rally.
In its 1H2025 press release (dated Aug 13, 2025), CNMC reported:
- Revenue:US$52.8 million in 1H2025 vs US$29.7 million in 1H2024 (about +78%)
- Profit after tax:US$19.4 million vs US$5.53 million
- Profit attributable to owners:US$15.76 million vs US$4.43 million
- Earnings per share (SG cents):5.18 vs 1.46 [17]
CNMC attributed performance to both higher production and sharply higher realised pricing: it produced 11,811 ounces of gold from its carbon‑in‑leach (CIL) plant (about +26% YoY) and reported an average selling price of US$3,197 per ounce in 1H2025 (about +41.1% YoY). [18]
The capacity expansion that changed the conversation
CNMC’s improved throughput story ties directly to its plant investment. The company stated that completion of its CIL expansion in April 2025 boosted daily processing capacity from 500 to 800 tonnes of gold‑bearing ore. [19]
The Business Times also reported the expansion as a RM9 million programme that added 300 tonnes/day of ore‑processing capacity. [20]
Dividend: special + interim payout that signalled confidence
CNMC’s strong 1H2025 performance translated into a total dividend of 1.5 Singapore cents per share, comprising a special dividend of S$0.011 and an interim dividend of S$0.004, paid on Sep 12, 2025 (ex‑date Aug 29, 2025). [21]
On a trailing basis, StockAnalysis lists an annual dividend of S$0.019 per share and a yield around 1.95% at current price levels (reflecting that the 2025 share price is far higher than when those cents-per-share payouts were declared). [22]
News recap: the 2025 headlines that moved CNMC Goldmine stock
Apr 16, 2025: gold hits records, CNMC spikes
CNMC shares jumped as spot gold hit record highs, with The Business Times pointing to CNMC’s capacity expansion and rising metals prices as key drivers. [23]
Aug 15, 2025: “new high” after record profit + trebled dividend
After reporting record first‑half earnings, CNMC traded to levels not seen since its 2011 listing, with The Business Times highlighting the sharp year‑to‑date rise from S$0.245 (end‑2024 close) and the S$0.015 total dividend. [24]
Sep 3, 2025: CNMC prints S$0.765 as gold rises again
CNMC hit a new all‑time high around S$0.765, again framed as a “pure gold play” on SGX, with headlines tying the move to higher spot gold prices and the earlier blockbuster half-year results. [25]
Oct 15, 2025: the “over 400%” rally—and the first serious debate about where it goes next
The Business Times laid out both the bullish case (gold momentum + operating leverage + plant expansion) and the caution flags (parabolic extension risk, commodity downside risk, and potential director selling pressure). [26]
Oct 22, 2025: gold plunges, CNMC drops—classic leveraged miner behaviour
When gold suffered a sharp correction, CNMC fell with it. The Business Times reported CNMC ending down on Oct 22 after gold’s steep plunge, noting that miners can be hit harder in corrections because earnings are leveraged to metal prices and cost structures. [27]
CNMC Goldmine stock forecast: what analysts and consensus trackers say now
Forecasts for a small‑cap miner can vary wildly depending on methodology (fundamental models vs technical signals vs “consensus” estimates). Here’s the cleanest snapshot of currently published forecasts that investors are likely to encounter.
1) Business Times-reported analyst views: short-term cooling, longer-term upside scenarios
In its Oct 15 analysis, The Business Times reported:
- CGS International Securities suggested CNMC could run into short‑term “exhaustion” after a parabolic rise, but could stabilise in a range of S$1.03 to S$1.11. [28]
- The same CGS commentary suggested that, despite near-term weakness risk, CNMC’s share price may reach S$1.78 by Q2 2026 under a longer‑term upside scenario. [29]
- SAC Capital (in a Sep 3 note cited by The Business Times) expected CNMC EPS of S$0.103 for 2025 and S$0.12 for 2026, set a target price of S$1.13, and projected a dividend yield of 3.8%. [30]
The same article also flagged a behavioural overhang: risk of gold price downside and possible “more selling pressure” from directors, referencing a last personal sale noted on Sep 16 at S$0.9855 per share. [31]
2) MarketScreener: “BUY” consensus—but based on very limited coverage
MarketScreener’s consensus page lists 1 analyst in its consensus tally and displays a “BUY” consensus, with an average target price of 1.040 USD and a last close price shown in USD terms. It also lists firms such as PhillipCapital, Lim & Tan Securities, and SAC Capital as covering the company in its coverage section. [32]
MarketScreener’s news/recommendation feed also shows earlier 2025 target‑price actions (for example, a PhillipCapital note raising a target price to S$0.70 while keeping a Buy rating). [33]
Important nuance: when “consensus” is based on a single analyst (or a small set), it’s less a crowd and more a single weather vane—useful, but not definitive. [34]
3) Investing.com consensus estimates: “Strong Buy” and a ~1.34 target (as displayed)
Investing.com’s consensus section similarly shows a “Strong Buy” consensus based on 1 analyst, with an average 12‑month price target displayed around 1.3435 and an implied upside around +30%. [35]
4) Quant/technical forecasters: mixed signals and shorter time horizons
Algorithmic and technical-signal sites can diverge sharply from broker notes because they often ignore fundamentals and focus on price/volume patterns.
For example, StockInvest’s technical read (as of Dec 11, 2025) suggested a short‑term downtrend expectation and estimated a possible -7.78% move over the next 3 months, with a probability range ending between roughly S$0.88 and S$1.02. [36]
What investors are watching next: catalysts that could move CNMC stock
As of Dec 13, 2025, there has been no newer SGX operational disclosure posted after the Nov 4 additional disclosure filing (the SGX announcements feed continues to show that Nov 4 release as the latest major operational update). [37]
So the “next catalysts” narrative is likely to revolve around:
- Gold price direction and volatility: CNMC has repeatedly behaved like a leveraged proxy—amplifying both rallies and pullbacks. [38]
- Updates on the underground mining facility timeline: management has already disclosed a delay due to water accumulation issues and the impact of a fatal incident, making future progress updates especially material. [39]
- Exploration outcomes at depth: CNMC explicitly flagged deeper drilling plans (up to ~800m targeting at New Found) and continued focus on Ulu Sokor. [40]
- Dividend policy signals: 2025’s special+interim payout set expectations that future distributions may track cash generation and gold price realisations—though dividends are never guaranteed. [41]
Risks that matter with CNMC Goldmine stock (and why they’re not theoretical)
Gold miners can look deceptively simple (“gold up, miner up”), but CNMC’s own disclosures and the market’s behaviour in 2025 make the main risks very concrete:
- Commodity risk: gold can correct sharply even in a bull cycle—and miners often drop harder during corrections. [42]
- Operational and safety risk: the disclosed underground project delay and ongoing investigation after a fatal incident underscore that execution and safety outcomes can directly affect timelines and sentiment. [43]
- Liquidity/volatility risk: CNMC can trade in heavy bursts (millions of shares per day), but price swings have been steep across 2025, including multi‑day pullbacks visible in recent price history. [44]
- Coverage risk: many “consensus forecast” panels are based on very limited analyst coverage, which can make targets stale when prices move fast (as CNMC has). [45]
Bottom line: CNMC Goldmine is a gold bull-market machine—until the gold tape turns
As of 13 Dec 2025, CNMC Goldmine (SGX:5TP) sits at the intersection of three forces:
- a proven ability to translate high gold prices into real earnings and cash,
- expanded processing capacity that changed its output potential,
- and the classic miner profile: high torque, high volatility, and high sensitivity to both commodity moves and operational execution. [46]
If you’re tracking CNMC now, the most “decision‑relevant” items aren’t just where gold trades tomorrow—they’re how CNMC progresses on its underground development timeline, what its deeper drilling delivers, and whether future dividends remain as shareholder-friendly as 2025’s special+interim payout. [47]
References
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