Meta description: CNMC Goldmine Holdings Limited (SGX:5TP) climbed on Dec 12, 2025 as gold stayed near multi-week highs. Here’s the latest on share-price action, SGX disclosures, production and exploration updates, dividends, and analyst price targets.
SINGAPORE — Dec 12, 2025 — CNMC Goldmine Holdings Limited stock (SGX:5TP) rose 5.64% on Friday to S$1.03, a move that came as gold prices hovered near a seven‑week high amid shifting expectations for the U.S. Federal Reserve’s rate path. [1]
CNMC’s rally also follows a stretch of choppy trading this month: the counter fell sharply on Dec 11 and then rebounded on Dec 12, with intraday trading ranging from S$0.99 to S$1.03 and volume around ~5.08 million shares, according to historical pricing data. [2]
Below is what’s driving attention toward CNMC Goldmine stock right now, what the company most recently disclosed to SGX, and what analysts and research notes are forecasting into 2026.
CNMC Goldmine share price today: what happened on Dec 12, 2025?
CNMC Goldmine closed/last traded at S$1.03, up S$0.055 (+5.64%) as of the latest timestamp shown on SG-investor tracking pages (15:08). [3]
Market data also shows a clear “snapback” day:
- Dec 12, 2025: close S$1.03, high S$1.03, low S$0.99, open S$0.995, volume ~5.08M
- Dec 11, 2025: close S$0.975 (down 4.41%) on heavier volume (~8.21M) [4]
That pattern (sell-off → rebound) is common in high-momentum commodity-linked small caps, where price discovery can be… spirited.
The macro backdrop: gold near US$4,270/oz as investors weigh Fed trajectory
Gold is doing what gold does: acting like the market’s emotional support metal.
On Dec 12, Reuters reported spot gold near a seven-week high, with spot prices around US$4,270.89/oz (down about 0.3% at the time) and on track for a weekly gain, supported by expectations tied to U.S. monetary policy and a softer U.S. dollar. [5]
Other market-data sources put Dec 12 gold prices in the same neighborhood (roughly US$4,279/oz on historical XAU/USD prints). [6]
For CNMC, which is fundamentally a gold producer (with by-product contributions), a strong bullion tape tends to amplify investor interest—especially after the stock’s dramatic run-up earlier in 2025.
The most important company-specific update: CNMC’s Q3 2025 SGX disclosure (exploration + project delay)
CNMC’s latest detailed operational read-through comes from its SGX-required mineral, oil and gas disclosure for Q3 ended 30 Sept 2025.
1) Cash-use versus projections (Q3 2025)
CNMC reported total cash/funds used for production activities of US$12.93m in Q3 2025 versus US$13.88m projected, with differences attributed mainly to payment timing. [7]
2) Exploration highlights: Manson’s Lode, New Found, Rainbow, Tiger
The same disclosure described exploration activity at the Ulu Sokor concession, including drilling updates such as:
- At Manson’s Lode, 7 of 8 drill holes intersected the north extension of deep gold orebodies.
- At New Found, drilling in a southeast zone saw multiple holes intersect gold/base-metal mineralisation.
- Rainbow Prospect (between New Found and Tiger) showed intersections in 2 of 5 drill holes.
- Tiger Prospect remained early-stage. [8]
CNMC also disclosed trenching and sampling at the Kelgold concession, while stating no exploration at CNMC Pulai in Q3 because exploration focus stayed on Sokor to support production. [9]
3) Drilling meters completed
CNMC reported 27 drillholes completed in Q3 2025 totaling 5,008 meters at Ulu Sokor. [10]
4) A headline risk investors shouldn’t ignore: underground project delay and a fatality
CNMC also disclosed that its underground mining facility under construction at Sokor’s Rixen deposit encountered water accumulation issues, and that a separate incident at a supporting shaft resulted in the fatality of a colleague, with authorities notified and an investigation underway. The company stated these factors are expected to affect the project timeline, delaying completion beyond the year. [11]
That is material for two reasons:
- It can affect the timing of higher-grade ore access and throughput economics.
- Safety and operational continuity become front-and-center, not “footnote” items.
Fundamentals recap: the 1H 2025 earnings surge that reset CNMC’s narrative
CNMC’s momentum in 2025 wasn’t built on vibes alone—it was backed by a very strong first half.
In a 13 Aug 2025 press release tied to 1H2025 results, CNMC reported:
- Revenue: about US$52.8m in 1H2025
- Profit attributable to owners: about US$15.8m (up sharply year-on-year)
- Gold produced (CIL plant):11,811 ounces, up 26% year-on-year
- Average realised gold price:US$3,197/oz in 1H2025
- Net cash: about US$37.3m (as at 30 June 2025)
- Dividend:1.5 Singapore cents/share (interim + special) [12]
Operationally, CNMC highlighted that a carbon-in-leach (CIL) expansion boosted daily processing capacity (from 500 tpd to 800 tpd), supporting higher output potential. [13]
Independent commentary echoed those themes. A November 2025 research write-up noted CNMC’s 1H2025 production strength, diversification into by-products, and all‑in sustaining cost (AISC) dynamics—while emphasizing that outlook still hinges heavily on gold prices. [14]
Analyst forecasts and price targets: where the “street” thinks CNMC could go
CNMC is a Catalist name, so analyst coverage isn’t as deep as big-board blue chips. Still, a few research houses have put numbers on the table.
Current published targets tracked for CNMC (SGX:5TP)
A consolidated target-price tracker shows two notable calls:
- Phillip Securities (03 Oct 2025):BUY, target S$1.34 (raised from S$0.70)
- SAC Capital (03 Sep 2025):BUY, target S$1.13 (raised from S$0.45) [15]
What Phillip Securities (POEMS) anchored its bull case on
In an Oct 3, 2025 note, Phillip Securities (via POEMS) tied its target uplift to a combination of:
- higher gold-price assumptions (including an average gold price forecast for FY25/FY26),
- expectations that 2H2025 production could outperform due to the completed CIL expansion,
- and an earnings/dividend outlook strengthened by the gold-price environment. [16]
Broader “where could it settle?” scenarios (including Q2 2026 framing)
A Business Times analysis (Oct 15, 2025) framed CNMC as a high-beta proxy for the gold rally, pointing to:
- the stock’s surge earlier in 2025,
- the possibility of a near-term pullback range,
- and a more optimistic 2026 scenario (including a higher target price estimate cited for Q2 2026). [17]
Important nuance for readers: targets are not promises. They’re conditional on commodity prices, execution, and market risk appetite—three variables that love to misbehave at the same time.
How CNMC’s outlook links back to gold (and why Dec 12 matters)
On days like Dec 12, 2025, CNMC tends to trade like a “levered” gold sentiment indicator:
- Gold prices firm up on macro expectations (rates, USD, geopolitics). [18]
- Investor attention rotates back toward gold-linked equities—especially the ones that already demonstrated earnings torque earlier in the year. [19]
- CNMC—being relatively small and actively traded—can move fast in both directions, as the Dec 11/Dec 12 whipsaw shows. [20]
What CNMC investors will watch next (from now through year-end and into 2026)
1) 4Q2025 spending + exploration plan (company guidance style)
CNMC projected US$15.66m in production-related cash use for 4Q2025, alongside planned drilling and ongoing exploration focus at Ulu Sokor (including deeper New Found drilling targeting down to ~800m levels, and further work at Rainbow Prospect). [21]
That gives the market a “here’s what we plan to do next” framework—and investors can then track how reality compares.
2) Underground development timeline and safety updates
The Rixen underground development delay (water issues) and the fatality disclosure are not one-day news items; they’re ongoing narratives. Any further SGX updates on remediation progress, schedule revisions, or investigation outcomes could materially shift sentiment. [22]
3) Earnings and dividends as a credibility loop
CNMC’s 1H2025 performance and dividend payout reset expectations—meaning future reporting will be judged against a higher bar. [23]
4) The “gold regime” itself
Right now, the gold market is still trading at historically elevated levels, with day-to-day moves being driven by macro expectations. [24]
For CNMC, gold doesn’t need to go up every day—but if gold enters a sustained downtrend, CNMC’s valuation multiple and momentum could compress quickly (as earlier 2025 volatility showed across gold-linked equities).
Risks to keep on the dashboard (especially for a Catalist gold producer)
A few risks matter more than usual for CNMC at this stage:
- Commodity price risk: CNMC’s earnings and dividends are highly sensitive to realised gold prices. [25]
- Operational and safety risk: the Q3 disclosure highlighted real-world disruptions and safety consequences, not hypothetical ones. [26]
- Execution risk on underground expansion: delays can shift production mix and grade profile timing. [27]
- Liquidity/volatility: recent sessions show multi‑percent daily swings with multi‑million share volumes—great for traders, stressful for long‑horizon investors who hate noise. [28]
Bottom line on CNMC Goldmine stock (Dec 12, 2025)
CNMC Goldmine’s Dec 12 rise to S$1.03 lines up with a supportive precious-metals tape, as gold trades near US$4,270/oz and markets reprice interest-rate expectations. [29]
But the deeper CNMC story is a mix of:
- proven 2025 earnings torque during a gold bull phase, [30]
- active exploration that could improve resource visibility over time, [31]
- and project/timeline + safety realities that can’t be ignored. [32]
Analyst targets tracked publicly cluster around S$1.13–S$1.34, while some longer-dated commentary has argued for higher levels into 2026 under favorable conditions—so long as gold stays elevated and execution holds. [33]
References
1. sginvestors.io, 2. www.investing.com, 3. sginvestors.io, 4. www.investing.com, 5. www.reuters.com, 6. www.investing.com, 7. repository.shareinvestor.com, 8. repository.shareinvestor.com, 9. repository.shareinvestor.com, 10. repository.shareinvestor.com, 11. repository.shareinvestor.com, 12. links.sgx.com, 13. links.sgx.com, 14. growbeansprout.com, 15. sginvestors.io, 16. www.poems.com.sg, 17. www.businesstimes.com.sg, 18. www.reuters.com, 19. links.sgx.com, 20. www.investing.com, 21. repository.shareinvestor.com, 22. repository.shareinvestor.com, 23. links.sgx.com, 24. www.reuters.com, 25. growbeansprout.com, 26. repository.shareinvestor.com, 27. repository.shareinvestor.com, 28. www.investing.com, 29. sginvestors.io, 30. links.sgx.com, 31. repository.shareinvestor.com, 32. repository.shareinvestor.com, 33. sginvestors.io
