PMEA Blog

CGA Mining (CGAFF.PK) was added to the S&P/TSX Global Gold index on the 23rd of December, just two years after beginning construction on its 7.8M ounce Masbate Gold Mine in the Philippines, and three weeks after declaring a maiden high grade resource on its Segilola project in Nigeria. This index, which comprises the top 34 gold mining companies listed on the TSX, TSX Venture, NYSE Amex and NASDAQ markets, accounts for around two thirds of world gold production. The company’s inclusion in the index is testament both to the speed and success with which the company undertook the Masbate mine development and early months of operation, and to the scale of the project; Masbate is now the largest gold mine in the Philippines and will be operating at a steady state rate of 200,000 -250,000 ounces per annum.

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