Tuesday, November 22, 2005
CAMBRIDGE MINERAL RESOURCES PLC
Colombian miner Frontino Gold Mines (FGM) is developing a program to increase "and maybe double production," company executive John Jairo Cuervo told BNamericas. The immediate plan is to raise plant throughput to an average of 800t/d from 450t/d, and increase gold production to 70,000oz or 80,000oz/y from the current 50,000oz/y, Cuervo said. FGM also said it is moving forward with a confidentiality agreement with UK company Cambridge Mineral Resources for a possible buyout once the Colombian firm completes its restructuring process.
(See BNamericas: Frontino looking to double gold output)
All I have to say is I'm here to give my personal opinion, and you don't have to follow my advice, please do your own DD before you invest. And don't blame others for your bad choices".
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