CNMC Goldmine Posts Strong First Half Results on Higher Gold Prices

CNMC Goldmine reported strong first half results for 2026, driven by higher realized gold prices and stronger pricing for silver in lead concentrate. Revenue surged 23.4% year-over-year to US$65.2 million.

The average realized gold price increased 40% to US$4,486 per ounce, from US$3,197 per ounce in the first half of 2025. This more than offset a 6% decline in production to 11,105 ounces, mainly due to lower ore grades from open-pit mining.

Profit after tax rose 18.7% year-over-year to US$23.1 million. However, net margin narrowed to 35.4%, from 36.8% in the first half of 2025, due to higher operating costs.