CNMC Goldmine    Last:1.24   -

Goldminer

I need to dig out the old report, but it looks like the latest surveyor' s report from 31 Dec 2025, reports that Sokor mine contains 245,000oz more gold than previously reported. But less,secondary metals,

 

AI summary: This announcement from CNMC Goldmine Holdings Limited regarding its Sokor Project (as of 31 December 2025) provides a comprehensive update on mineral resources and ore reserves. Key Takeaways for Investors Significant Gold Growth: The headline news is a 27% increase in gold contained for carbon-in-leach (CIL) processing, bringing the total gold resource to approximately 1.195 million ounces. Strategic Focus: The company explicitly shifted its exploration efforts toward gold, which explains the growth in gold assets despite a decline in base metals (Silver, Lead, and Zinc). Ore Reserve Update: Total gold ore reserves increased by 9%, largely driven by a massive 178% jump in "Proved" reserves, indicating higher confidence in the mineable gold. Valuation Assumptions: The company is using a gold price assumption of US$4,300/oz for its calculations, which is notably higher than current market spots, likely reflecting a long-term internal forecast or a specific technical valuation methodology. Is it positive news? Yes, generally positive. For a gold mining company, increasing your primary resource and upgrading "Probable" reserves to "Proved" status are strong indicators of project longevity and reliability. The 27% increase in gold resources suggests that exploration is successfully replacing and exceeding what is being mined. The "But": Investors should note the significant double-digit percentage drops in silver, lead, and zinc. While these are secondary to gold for CNMC, the project is becoming increasingly "gold-pure," which makes the company more sensitive to gold price fluctuations and less diversified across other metals. Additionally, ensure you are comfortable with their long-term gold price projections used for these estimates.

 

CNMC gave a QP report,think so so only,anybody read it please analyse...

 

Last:1.45  --
Short term ascending triangle formation - bullish upside to follow
watch this space

ozone2002      ( Date: 08-Apr-2026 10:01) Posted: Last:1.5        +0.08 Yoyo with trump taco muifan      ( Date: 08-Apr-2026 08:24) Posted: A swing of about + $300 wo

 

Gold likely to correct further as countries raised funds to buy higher priced oil and to fight inflation as prices of most goods starts to bite into the economies.

 

Gold Prices Steady Amid US-Iran Ceasefire

https://www.heygotrade.com/en/news/gold-prices-steady-us-iran-ceasefire/

 

From 2.12 to 1.44 now.  Quite a correction.  Could be forming a support here.

 

Add in anticipation of the nego.

seanpent      ( Date: 08-Apr-2026 09:50) Posted: Observe gold futures .....

 

Last:1.5        +0.08
Yoyo with trump taco

muifan      ( Date: 08-Apr-2026 08:24) Posted: A swing of about + $300 wow ozone2002      ( Date: 08-Apr-2026 08:13) Posted: https://www.kitco.com/news/article/2026-04-07/gold-prices-jump-2-markets-react-us-iran-ceasefire-deal

 

Observe gold futures .....

 

A swing of about + $300 wow

ozone2002      ( Date: 08-Apr-2026 08:13) Posted: https://www.kitco.com/news/article/2026-04-07/gold-prices-jump-2-markets-react-us-iran-ceasefire-deal

 

https://www.kitco.com/news/article/2026-04-07/gold-prices-jump-2-markets-react-us-iran-ceasefire-deal

 

Gold price hit $4700 again 😄

 

Load up CNMC on every dip

Goldman&rsquo s $5,400 target is actually the most conservative of the major bank forecasts.  UBS  raised its target to $6,200 for the first three quarters of 2026 with an upside scenario of $7,200. Deutsche Bank reiterated a $6,000 target. JPMorgan&rsquo s 2026 target sits at $6,300.

ozone2002      ( Date: 05-Apr-2026 12:26) Posted: Goldman maintains bullishness https://www.bloomberg.com/news/articles/2026-03-31/goldman-still-sees-gold-at-5-400-by-year-end-despite-downturn

 

Goldman maintains bullishness
https://www.bloomberg.com/news/articles/2026-03-31/goldman-still-sees-gold-at-5-400-by-year-end-despite-downturn

 

This counter many retail hung up dry already by bb...
that' s why you see this thread very quiet already 

 

Seeing further upside

 

Gold price looking bullish.

 

Gaining attention again

 

Last:1.5        +0.03
comeback king 

ozone2002      ( Date: 27-Mar-2026 12:00) Posted: Last:1.39        +0.02 technically oversold, upside bounce highly possible ozone2002      ( Date: 26-Mar-2026 19:58) Posted: Last:1.37        -0.14 traders favourite - volatility