CNMC Goldmine Holdings Limited · SGX:5TP
CNMC Goldmine — Q2 2014 Earnings Presentation
26 slides from CNMC Goldmine's earnings presentation, August 2014
Slide 1: CNMC Goldmine Holdings Limited 2nd Quarterly Report June 2014
CNMC GOLDMINE HOLDINGS LIMITED 2nd Quarterly Report June 2014
Slide 2: Disclaimer
DISCLAIMER The materials used herein and this presentation (collectively, the “Presentation”) have been prepared by CNMC Goldmine Holdings Limited (“CNMC”) solely for use at the presentation to be made to qualified investors and investment professionals. By viewing the Presentation, or by reading th
Slide 3: About CNMC
ABOUT CNMC
Slide 4: Overview of CNMC
ABOUT CNMC OVERVIEW OF CNMC We are a mineral exploration and mining company, focusing on the production and sale of gold. Our principal mining activity is in Kelantan, Malaysia.
Slide 5: The Sokor Gold Zone
ABOUT CNMC THE SOKOR GOLD ZONE The project is a gold exploration and mining project located in Kelantan State, Malaysia CNMC has – Gold mining for an area of 10km² (“Sokor Block”) separate from the exploration area (“Sokor Gold Field Project”) The mining licences were obtained with full support from
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 7: Financial Highlights
In come stateme ntI nc ome sta te men t 2Q 20 14 2Q201 3 Ch2Qa ng e 2014 2 Q 2013 Ch ang e Reve nu e(US$' millRevi one un e )U( S$' mil oi )n 8. 27 2.2 2 272 5. %8.27 2.22 27 2.2 % Resu tl s fro mo pe raRestiu ngtsl fro activiti mpo era nti g ac eti tvi sei s 3. 8 0.1 8 20 5 6. %3.88 0.18 205 5.6 %
Slide 8: Highlights on Revenue
HIGHLIGHTS ON REVENUE Highlights Revenue 272.2% mainly due to: sales volume of fine gold, from 1,565 ounces to 6,470 ounces Partly offset by: average realized gold price, from US$1,419/ounce to US$1,277/ounce
Slide 9: Highlights on Results from Operating Activities
HIGHLIGHTS ON RESULTS FROM OPERATING ACTIVITIES Highlights Results from operating activities by 2056% mainly due to: revenue, partly offset by operating expenses in tandem with rising sales volume of fine gold
Slide 10: Highlights on Net Profit After Tax
HIGHLIGHTS ON NET PROFIT AFTER TAX Highlights Net profit by 4483% mainly due to: revenue and reversal of over-provision of tax expense in FY 2013, arising from the tax exemption granted in May 2014, effective from July 2013
Slide 11: Current Assets, Current Liabilities & Current Ratio
CURRENT ASSETS, CURRENT LIABILITIES & CURRENT RATIO
Slide 12: Cash and Cash Equivalents Versus Borrowings
CASH AND CASH EQUIVALENTS VERSUS BORROWINGS
Slide 13: Summary of All-in Costs and Margin
SUMMARY OF ALL-IN COSTS AND MARGIN 2Q 2014 2Q 2013 Changes US$ / gold ounce sold % Mining related costs 373 736 -49% Royalty and tribute expenses 98 109 -10% Adjusted operating costs 471 845 -44% General and administrative costs 54 49 10% Capital expenditure 60 110 -45% All-in sustaining costs 585 1
Slide 14: Summary of All-in Costs and Margin
SUMMARY OF ALL-IN COSTS AND MARGIN All-in Margin in US$/ cost gold ounce sold USD 1,600 60% USD 1,419 USD 1,400 USD 1,305 USD 1,277 USD 1,269 USD 1,275 50% USD 327 49% USD 1,200 41% 40% 39% 40% USD 1,000 USD 530 USD 508 USD 494 USD 628 USD 800 30% 23% USD 600 USD 1,092 20% USD 400 USD 775 USD 761 US
Slide 15: Non-GAAP Measure Metrics by WGC
NON-GAAP MEASURE METRICS BY WGC Adjusted operating costs, all-in sustaining costs and all-in non-sustaining costs were recommended by the World Gold Council for gold mining companies in end June 2013. Adjusted operating costs includes production costs such as mining production and maintenance costs,
Slide 16: Non-GAAP Measure Metrics by WGC
NON-GAAP MEASURE METRICS BY WGC All-in sustaining costs include adjusted operating costs and sustaining capital expenditure, corporate general and administrative expenses, exploration expense, reflecting the full cost of gold production from current operations. Non-sustaining costs are those costs i
Slide 17: JORC Compliant Gold Resource
JORC COMPLIANT GOLD RESOURCE
Slide 18: JORC Compliant Gold Resource
JORC COMPLIANT GOLD RESOURCE As at 31 December 2013, the total Measured, Indicated and Inferred gold Mineral Resources for the Sokor Gold Project (above a 0.3 g/t gold cut-off grade at Rixen and a 0.5 g/t gold cut-off grade at Manson’s Lode, New Discovery and Ketubong) is 9.14 million tonne at 1.6g/
Slide 19: Share Performance
SHARE PERFORMANCE
Slide 20: Share Performance
CNMC Goldmine Holdings Ltd (s 0.305 0.000 (0.00%) ‘Aug 8 -Close x Compare: Decne P) Re 0.29-0.31 ield0.00/0.06 82 0.20-0.34 001 Open 031 407.69M Vol / Avg.569,000.00/531,987.00 : Mit cap 124,35M 21.90 820 ()L23 QSFH QA 500 QKIS QAGF QNFI 6m YTD ay Sy 20y All 0.205 (0.00% 4ul2013 4 +0.03 (8.77%) Aug
Slide 21: Milestones Achieved in 2014
MILESTONES ACHIEVED IN 2014
Slide 22: Milestones Achieved in 2014
MILESTONES ACHIEVED IN 2014 28th February 2014 CNMC Produced Another Record Single Gold Pour of 2,314.42 Ounces of Gold Doré Bars (Produced 2,314.42 ounces of gold dore bars, as compared to the previous record of 2,130.74 ounces, this reflects an increase of approximately 8.6%) 11th April 2014 Quali
Slide 23: Milestones Achieved in 2014
MILESTONES ACHIEVED IN 2014 20th May 2014 Commencement of Production at CNMC’s Third Leach Yard (Construction of the third leach yard with leaching capacity of up to 600,000 tonnes, has been completed and commenced production) 4th June 2014 CNMC Utilises Orepack Drillspacing Optimiser Program (Emplo
Slide 24: Plans for 2014
PLANS FOR 2014
Slide 25: Plans for 2014
PLANS FOR 2014 Continue Gold Production Expansion Programs: Increase leaching capacity and enhance gold recovery process with the aim of increasing gold production Cost Optimization Programs: Further streamline production process to reduce wastage of raw material thereby reducing gold production cos
Slide 26: Thank You
THANK YOU
CNMC Goldmine Holdings — Q2 2014 Earnings Presentation on 6ix