CNMC Goldmine Holdings Limited provided earnings guidance for the full year ended December 31, 2020. For the period the company expected to report a net loss for the full year ended 31 December 2020. The net loss for FY2020, as compared with a net profit for FY2019, is mainly due to decreased gold output as the Group processed lower grade ore as well as a reduced quantity of ore because it had to stop all mining and processing activities in Kelantan from 18 March 2020 to 5 May 2020. The Group's expected FY2020 net loss is based on a preliminary review of its unaudited management accounts.