News Articles for CGA Mining

THE past 12 months was a lean time for lawyers working in the corporate finance field, with a slump in both takeover deals and capital raisings.

Canadian miner B2Gold has swooped on Perth-based CGA Mining, offering the equivalent of $C3.18 ($3.13) per share in an all-scrip takeover bid worth around $C1.1 billion ($1.08 billion).

Perth-based CGA Mining says its first half net profit has leapt 400 per cent, on the back of seven consecutive quarters of record production at its Masbate gold project in the Philippines.

Philippines-based gold miner CGA Mining has recorded record production for the seventh consecutive quarter.

Perth-based Sierra Mining has entered into an exploration alliance with CGA Mining andannounced plans for a $6 million capital raising.

Gold outfit CGA Mining says it will raise $C74.8 million ($A78.5 million) through a private placement to pay down debt and ramp up exploration efforts at its Masbate project in the Philippines.

Gold hopeful CGA Mining plans to raise nearly $31 million from Canadian investors as Platinum Australia becomes the latest miner to enter a trading halt pending the release of capital raising details.

Perth-based CGA Mining is the latest company to consider capital raising plans as commissioning begins on its Masbate gold project in the Philippines.

Perth-based gold explorer CGA Mining Ltd will issue shares worth around $67.4 million through a placement of shares and units to fund the construction of its Masbate gold mine in the Philippines, the company has announced.