PMEA Blog

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 […]

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 […]

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 […]

Dual listed Philippines focused gold producer CGA Mining (TSX:CGA, ASX:CGX) slipped 2% in trading today despite reporting that its plant availability at the Masbate gold mine was 2.7% ahead of management`s forecast of 92%. The emerging gold producer reported the milestone in a brief update to shareholder this morning to coincide with its […]

CGA Mining (TSX :CGA, ASX :CGX) and Filminera Resources Corporation have reported new exploration results from recent drilling at the Capsay/Old Lady Prospect in the Philippines, intercepting high grade gold.
The Capsay/Old Lady Prospect lies 3.5kms from the Masbate Plant site and approx 1.5kms from the southern limit of the exisiting Main Vein pit. It is […]

Riza T. Olchondra
Philippine Daily Inquirer

MANILA, Philippines—Australian miner CGA Mining Ltd. reported record-high gold production at the Masbate project for the month of May.

In a statement posted at its web site, CGA said it produced 17,707 ounces of gold at Masbate.

“Throughput for the month of May was up 27 percent to 528,940 tons, which equates to […]

CGA Mining (ASX: CGX, TSX: CGA) has reported that during the current month it has achieved a new record throughput of in excess of 20,000 dry tonnes (on soft ore) in a 24 hour period (annual equivalent of in excess of 7 mtpa at 95% availability) at the Masbate Gold Project in the Philippines.

With the […]

CGA Mining (ASX: CGX, TSX: CGA), which has a market capitalisation in excess of $700 million, will take a 10% interest in Sierra Mining (ASX: SRM) and become a strategic investor in the company.

CGA has agreed to invest in 11.8 million ordinary shares at $0.06 each, along with one for two free attaching options exercisable […]

CGA Mining (ASX: CGX, TSX: CGA) has announced that the Masbate Gold Project, through Filminera Resources Corporation, has successfully secured a new exploration permit, EP-010-2010-V,in the Municipality of Aroroy, Masbate, in the Philippines.
The exploration permit covers a significant area of approximately 5,231 hectares (52.3 square kilometres), with a north to south distance of nearly 11 […]

Coronado Resources Ltd. (TSX VENTURE: CRD) is progressing on the due diligence to acquire several gold mining concessions located in the prolific Masbate gold region of the Philippines. At this time Coronado has three separate concessions totaling 60 hectares, Panique, Rudy and Capsay. The Panique concession is located just 600m east of one of the […]