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: 
)


AnchorResources goldmineAnchor 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 
yield 
(ttm)

--

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!



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