CAPITAL MARKETS

CGA delivers maiden pre-tax profit from Masbate

DUAL-listed Philippine gold miner CGA Mining has delivered $US75.2 million ($A80.2 million) in cash flow before tax from the first year of operations at its Masbate gold project.

MiningNews.Net
CGA delivers maiden pre-tax profit from Masbate

The result has grown the company’s cash and liquid assets by $US87 million to $109.2 million from $22.6 million in 2009, with total revenue for the period of $158 million. Borrowings were also reduced...

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