It's our first visit to a gold mine!
We will fly tomorrow to the Terengganu state of Malaysia to visit the gold mine of Singapore-listed Anchor Resources.
In our earlier interview with the company's CEO, we learnt that gold ore extraction will soon commence via the mine's newly-constructed underground tunnel.
Anchor Resources has recently started processing "tailings" left behind by the previous mine operator to produce "semi-processed concentrated ore" for sale under contract with a Chinese customer, Beijing Fuhaihua Import & Export Corp. (See: ANCHOR RESOURCES: Ready to be valued as a producer, not explorer)
Anchor Resources' Lubuk Mandi mine in Terengganu is Malaysia's first underground goldmine with tunneling now complete to extract gold ore from under an open pit. Photo: Company
|
Stock price |
2.3 c |
|
52-week range |
1.8 - 6.3 c |
|
PE (ttm) |
-- |
|
Market cap |
S$23.9 m |
|
Shares outstanding |
1.03 b |
|
Dividend |
-- |
|
1-yr return |
-60% |
|
Source: Bloomberg |
|
In addition to the gold mine, we will also visit Anchor Resources' granite quarries, which have recently secured a S$75 million contract to supply granite aggregates to a Brunei infrastructure contractor over a four-year period.
Look out for our report and pictures!
