PMEA Blog

Shares in Philippines focused gold producer Medusa Mining (AIM&ASX: MML) were in demand this morning after the Australian miner released its full year report, saying its revenues doubled as output and resource inventory increased, positioning Medusa for further growth.

Net profit jumped to A$38.1 million from A$1.3 million last year, while earnings per share increased to A$0.25 from A$0.009 a year ago. Revenues were at A$57.2 million, marking a 216% hike from last year’s A$18 million.

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