PMEA Blog

Medusa Mining, the gold producer that runs the Co-O mine in the Philippines posted record production levels in the three months to September 30, and on schedule to top 86,000 ounces of gold for the full year.

Gold production during the period reached 18,054 ounces, against 16,009 ounces in the previous quarter at an average grade of 14.7 g/t gold and average cash cost of US$193 per ounce. The forecasted production for the full year 2009/10 has now been revised upwards from 82,000 ounces to 86,000 ounces.

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