CGA Mining hits another monthly throughput gold production record at Masbate
June 9th, 2011
Filed under: Operator - CGA Mining
CGA Mining (ASX: CGX, TSX: CGA) continues to exceed expectations in the production of gold at the Masbate Gold Project in the Philippines, with the company achieving a new monthly throughput production record in May.
Over the month CGA Mining processed 605,330 tonnes at a throughput rate of 870dtph and an availability of 93.51%, equating to an annual throughput rate of 7.1mtpa.
The result for the month of May is that 17,074 gold ounces were produced, with a gross value of around US$26.3 million, based on the current gold spot price of US$1540 an ounce.
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