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Continental to become producer

AUSTRALIAN and South African focused resource investor Continental Goldfields has acquired a 50% interest in the Tambis gold mining project in the Philippines from Philsaga Mining Corporation, with production forecast at 40,000 ounces per annum within six months.

Rebecca Keenan
Continental to become producer

The use of Philsaga’s adjacent Co-O plant to toll treat ore will, according to Continental managing director Peter Landau, keep capital development costs down to about US$2-3 million. The companies are...

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