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CGA triples profit to $65M

IN its second year of operations Philippines gold miner CGA Mining has recorded a 51% jump in revenues to $A235.3 million and tripled its net profit after tax to $65.1 million for 2010-11.

MiningNews.Net
CGA triples profit to $65M

Gross profit nearly doubled to $80.4 million from $47.4 million in 2009-10, while gold production reached 190,033 ounces, compared to 150,141oz in the previous 12-month period. Cash on hand and liquid...

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