Cashed-up CGA snaps up Philippine project

WITH cash reserves of some $A75 million, CGA Mining has moved to acquire a 100% interest in the Masbate gold project in the Philippines, which contains gold resources of more than 5 million ounces.

Cashed-up CGA snaps up Philippine project
Cashed-up CGA snaps up Philippine project
Cashed-up CGA snaps up Philippine project
Cashed-up CGA snaps up Philippine project
Cashed-up CGA snaps up Philippine project

Following due diligence, CGA will acquire Masbate from Thistle Mining for a total cost of $US51 million ($A66 million), of which $30 million will be paid in cash – $5 million in deferred instalments –

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