Highlights
- CGU set to become a cash generating unit in Peru
- New projects identified to provide additional higher-grade feed to the plant
Summary
Commissioners Gold Limited (ASX:CGU) is on the threshold of becoming a Cash Generating Unit, with production from the Mollehuaca Gold Plant expected to commence in the coming weeks.
The Board of Commissioners Gold Limited is confident that the current focus on Peru is well justified and expects that the Company’s transition from an explorer to a modest producer will enable CGU to perform well even under current market conditions.
Shareholders can expect a steady stream of positive news coming out of the Company over the next quarter starting with plant commissioning, gold doré production and the development of plant-satellite mining projects.
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