Dual listed CGA Mining Limited
(ASX:CGX) has reportedly received a takeover offer from Canadian gold producer, B2Gold.
Media reports suggest, the bid values CGA at about $1 billion and would follow a consolidation in the gold sector after Silver Lake Resources Limited
(ASX:SLR) acquired Integra Mining.
CGA owns a gold mine on the island of Masbate south of Manila.
CGA generated a net profit of $5.9 million in fiscal 2012.
