Golden pay day for Citi

CITIGOLD has secured a sales agreement for 20% of the planned first five years of gold produced from its Charters Towers goldfield with a subsidiary of US-based Aaron Data Systems, and, with the current gold price looking favourable, the company is expecting a windfall of about $100 million.

Golden pay day for Citi Golden pay day for Citi Golden pay day for Citi Golden pay day for Citi Golden pay day for Citi

Citigold plant at Charters Towers.

The gold order, of about 100,000 ounces, would initially be secured in situ and delivered as physical gold metal to a gold metal account of the buyers choosing.

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