CGA Mining gold production jumps 27% to 190,000 ounces at Masbate in year to June
July 15th, 2011
Filed under: Operator - CGA Mining, Operator - CGA Mining Limited
CGA Mining (ASX: CGA, TSX: CGX) continues to deliver from the Masbate Gold Project in the Philippines, with the company pouring over 190,000 gold ounces during financial year 2011, a 27% increase of the previous corresponding period.
Spot gold averaged around US$1400 an ounce during the one year period, providing gross revenues of US$270 million.
The production was achieved from a throughput level of almost 6.2 million dry tonnes, a 37% boost over financial year 2010.
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