UPDATE: CGA Mining Provides Quarterly Activities Report; Shares Down Slightly at Midday
CGA Mining (CGA.TO) today provided a quarterly report.
Proposed merger with B2Gold Corp. (BTO.TO) announced, representing an offer price of C$3.18 per share based on the ratio of 0.74 and the last traded price of B2Gold prior to announcement of the proposed merger
On budget gold production from the plant of 47,646 ounces (June Qtr 50,817 ounces)
Mill throughput 6% above budget at 1,702,574 tonnes (June Qtr 1,728,751 tonnes)
Cost per tonne was $23.41 (June Qtr $22.76)
Cash operating cost US$837/oz (June Qtr $784/oz)
Gross project operating cash flow of US$23.6M (June Qtr $28.8M)
Cash and liquid assets as at 30 September 2012 were US$182.6M (Jun Qtr US$151.4M)
CGA is now trading at $2.98. Day range is $2.95-2.99.
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