Citigold Corporation Ltd (Citigold) is an Australian ASX ‘CTO’ stock exchange listed gold company. Citigold’s forecasts high profits from its investment in the 10 million ounce high quality 14 g/t gold deposit. Citigold is a growth company with mining experience at Charters Towers. Citigold’s substantial investment to date is supported by technical research, analysis and financial evaluation.
Citigold has an ambitious plan to grow into a 218,000 ounce (oz) year gold producer underground at Charters Towers. Citigold’s Charters Towers gold and silver deposit is a unique reef system and is one of the highest grade goldfields in Australia. Citigold has major infrastructure and operating cost advantages with its Charters Towers operation. Forward cost estimates indicate that the company could become an internationally competitive ultra-low cost gold producer. Citigold’s forecast gold production ‘all in sustaining costs’ are forecast to be under A$650 per oz.