Highlights
- Gold plant refurbishment close to completion
- Maiden gold production September quarter
- Mining assets consolidated under Peruvian entity
Summary
Commissioners Gold Limited (ASX:CGU) has strengthened its position in Peru with the agreed acquisition by Goldsmith Resources SAC (GSR) of mining projects dedicated to feeding the nearly completed gold plant.
GSR, in which CGU holds a 25% interest, has now been consolidated to undertake both satellite mining and ore treatment operations in southern Peru.
To help realise its short term goal of gold production and positive cash flow, CGU has launched a Convertible Note offer to sophisticated investors to raise funds for its projects in Peru and Australia.
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