Gold producer CNMC Goldmine Holdings on Monday said it completed the construction of its carbonin-leach (CIL) plant at its Sokor gold field in Kelantan, Malaysia.
The trial production at the CIL plant, CNMC's third gold-ore processing facility in Kelantan, has commenced and commercial production is expected to begin once operational processes are fine-tuned, the company said in a regulatory filing.
The CIL plant is expected to process about 500 tonnes of ore daily once it starts operations.
CNMC Goldmine said it has stockpiled about 18,000 tonnes of higher grade ore for the plant in preparation of a ramp-up in operations upon completion of trial production and in anticipation of the year-end monsoon season.
The new facility will enable CNMC to process higher-grade gold ore at higher yield ratios, boost gold production and optimize overall gold output, the company said.
Shares in CNMC rose about 2 percent to S$0.28 on the Singapore Exchange. The stock has lost 33 percent so far this year.
