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Additional information
Additional Information
Market: TSX / AIM / ASX
Sector: Gold Mining
Epic: MLL
News: Latest news
Web Site: Medusa Mining
Other Articles: 27-07-201022-07-201022-07-2010 
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Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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Medusa Mining

Medusa Mining

Medusa is an expanding gold producer in the Philippines, listed on the Australian Stock Exchange (ASX;MML), London AIM (AIM: MML) and Toronto Stock Exchange (TSX: MLL) markets. With an expanding resource base now at 1.2million ounces at 13.3g/t gold and production on track to achieve 60,000 ounces annualised in Q3 09 and 100,000 ounces annualised early 2010, it is anticipated that long term cash costs will be approximately US$200/ounce. Numerous new discoveries of gold and copper-gold are anticipated in the future within the large regional tenement package totalling 820km². The operations are an integral part of the local communities.

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Tuesday, March 16, 2010

Fairfax positive on Medusa Mining following Co-O mill update

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Institutional investment bank Fairfax has issued a positive note on Medusa Mining (ASX, AIM: MML, TSX: MLL) following the company’s update on the commissioning of mill expansion at the Co-O mine in the Philippines earlier today.

Fairfax pointed towards the stock retaining some attraction for investors seeking exposure to gold.

The bank noted that Medusa’s management has confidence of reaching its targets and it has potential to expand its operations at or around Co-O as well as other targets within its tenement packages. 

Fairfax also noted that work is also underway to explore around Co-O to establish the potential for expansion, which may increase the mine's production base.

Medusa announced earlier that the commissioning of the mill expansion at the Co-O mine in the Philippines is progressing well and the company is set to meet its targeted production of 25,000 ounces of gold this quarter.

Managing director Geoff Davis commented: "The company is set to achieve another production milestone on schedule.  This expansion increases the company's ability to optimise future gold production.”

 

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