PMEA Blog

Amy R. Remo

MANILA, Philippines – Australian firm CGA Mining Ltd., through its local partner Filminera Resources Corp., has earmarked an additional $25 million (approximately over P1.1 billion) to further increase production in its Masbate gold project.

Of the amount, $10 million had been earmarked for exploration activities, while the remaining $15 million would be used to increase the throughput capacity of the gold mine to 6.5 million tons annually, said Filminera Resources president Cris G. Acosta.

Read more..