CNMC Goldmine

CNMC Goldmine: the Catalist-listed gold miner is flat at $0.46, outperforming the STI's 1.5% decline as well as much sharper falls in regional gold stocks, as the company reported that net losses narrowed in 3Q. For the third-quarter, CNMC reported a US$136,439 net loss, compared with a US$522,808 net loss a year earlier; it reported a net loss on foreign exchange of US$183,813 for the quarter. The company didn't immediately respond to an inquiry on whether the loss was realized or due to mark-to-market accounting. The stock remains above its Oct. 28 IPO price of $0.40 a share, but well off its opening day high of $0.67. The stock may may face pressure, with spot gold trading at US$1,566.70 a troy ounce, down $9.80 from its previous close after falling 3% Wednesday amid a commodities selloff.