RE: sold @2.89, rebought at 2.73.Nice trade. My bid was 2.69, missed the bottom by 4 cents, and i do think that was the bottom, my first sell order is over 3.00
good news........
CGA Mining hits another quarterly gold production record with 50,330oz at Masbate
Friday, January 07, 2011
A record 50,330 gold ounces, equating to around $70 million in valuebased on a gold price of US$1375, was produced by CGA Mining (ASX: CGX, TSX: CGA) at the Masbate Gold Project for the December 2010 quarter.
Throughput also hit record levels at 1,549,168 tonnes.
To highlight how the CGA continues to ramp up production at Masbate,the December 2010 quarter was the seventh consecutive quarter of recordproduction and throughput levels being achieved.
Gold ounce production is set to continue increasing, with expansion plans in place in early 2011.
Masbate, located in the Philippines, is the largest gold project in the country with gold first poured in May 2009.
Masbate has an indicated resource base of 4.55 million gold ounces, atotal inferred resource base of 3.22 million gold ounces and aprobable reserve of 3.03 million gold ounces.
CGA said the project is forecast to produce over 200,000 gold ounces annually.