Cerro Grande Mining Corp T.CEG

Primary Symbol: C.CEG Alternate Symbol(s): CEGMF

Metals & Mining Gold

Cerro Grande Mining Corporation is a Chile-based junior mining, exploration and development company. The Company produces gold, silver and copper, with operations mainly in Chile. The Company is also engaged in the exploration of other mineral properties and in the development of its limestone deposits. Its projects include the Pimenton Porphyry Project and the Tordillo property. The Pimenton Properties in Central Chile for South American Gold and Copper Company Limited. Santa Cecilia is an exploration project for hydrothermal gold, silver and copper in the high western Cordillera of Chile’s Third Region. The Catedral/Rino project covers an area of 5,025 hectares reduced from 19,895 hectares held in 2008 and consists of 25 concessions. Its interest in this project is held through 50.1% interest in Compania Minera Catedral, which is the holder of the Catedral concession. Catedral/Rino consists of two separate but adjacent limestone deposits, the Catedral deposit and the Rino deposit.

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Cerro Grande Mining Corp

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Post by Scamdetectoron Feb 20, 2013 10:46am

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Post# 21015867

POG 1500 ...

this is devastating... as i remember correct the mines production cost is 1540 an ounce.

So beginning with today the mine is creating long term debt besides the five fold increase in other costs.

To me the mine is not profitable anymore at those pog prices.

Are the putting the mine to hold???

The share price speaks for itself.. this mine is in the same shape as in 1989 and back those days the old owner closed down operations forever and sold it to SAG .. theres is always a fool jumping in..

LOLOLOOLOOL name is programm SAG

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