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Bullboard - Stock Discussion Forum St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s):  RTLGF

Metals & Mining Gold
St. Augustine Gold and Copper Limited is a Singapore-based mineral exploration company. The Company is focused on the King-King copper-gold project on the island Mindanao in the Philippines. The King-king tenement is comprised of approximately 184 mining claims that are owned by Nationwide Development Corporation (NADECOR). The Project is a copper-gold mineral reserve located at Sitio Gumayan... see more

TSX:SAU - Post Discussion

St Augustine Gold and Copper Ltd > Sale of idle mines, better economy seen as 4th quarter...
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Post by db2067 on Jun 10, 2021 4:21pm

Sale of idle mines, better economy seen as 4th quarter...

These only make sense to mine as open pit as far as I can tell:

Sale of idle mines, better economy seen as 4th quarter revenue boosters
https://business.inquirer.net/324430/sale-of-idle-mines-better-economy-seen-as-4th-quarter-revenue-boosters#ixzz6xQ0XySEO
 
The government was setting its sights on selling a couple of mining assets as soon as their revaluations were finished. The Department of Finance’s (DOF) Privatization and Management Office (PMO) had been also working to untangle the legal barriers to sell idle mines like North Davao Mining Corp.’s mine in Davao del Norte and Pacific Nickel Philippines Inc.’s in Surigao del Norte.
 
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