CGA Mining posts profit after mine start
September 30th, 2010
Filed under: Operator - CGA Mining
Gold miner CGA Mining Ltd has returned to profitability, posting a solid full year result following the start of production at its Masbate project in The Philippines.
Shares in CGA had eased six cents, or 2.12 per cent, to $2.77 by 1322 AEST.
Net profit for the 12 months to June 30 was $15.99 million compared to a net loss of $10.2 million for the previous financial year when it was developing the Masbate project.
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