PMEA Blog

As low-cost gold producer Medusa Mining (LON:MML, ASX:MLL, TSE:MLL) unveiled impressive full year earnings of US$120 million, up 64 per cent from last year, the group’s new managing director Peter Hepburn-Brown was firmly focussed on bigger and better things.
This morning’s full year results, for the twelve months ended 30 June 2011, are the first since […]

Medusa Mining (LON:MML, ASX:MML) reported strong full-year financial and production results and is targeting to produce 100,000 to 110,000 ounces of gold in the current full-year at cash costs of around US$200 per ounce.
Pretax profit before interest, depreciation and amortisation rose to US$120.7 million in the year to end-June 2011, up 64 percent year-on-year from […]

StockMarketWire.com - Medusa Mining has said that underground drilling by its Philippines operating company, Philsaga Mining Corporation, has confirmed new veins at its Co-O Mine surface.
Recent surface drilling has been concentrated mainly to the east of the Oriental Fault in the vicinity and to the east of the Saga Shaft to provide mine planning information. […]

Medusa Mining Ltd. expects to save $10 million from its expansion program by remodeling its existing mill site at the Co-O mine in Agusan del Sur.
Aggressive underground mine development, combined with an expanded mill capacity, will result in an increase in the company’s output in the next financial year, starting July 1.
Production may reach up […]

Philippines-focused gold producer and star share market performer Medusa Mining has announced a reshuffle of its board and senior management ranks following its decision to delist from the Toronto Stock Exchange.
Geoff Davis, who has led the company from its inception in 2002, will stand down as managing director and take up the role of non-executive […]

In a note to investors, FairFax Securities said that Medusa Mining (ASX:MML, LON:MML, TSX:MLL) “continues to demonstrate a solid reserve base” for its Co-O gold mine in the Philippines.
Last week, Medusa reported a new resource estimate for Co-O, which put the probable reserve at 505,000oz of gold contained within 1.46 Mt (million tonnes) grading […]

Medusa Mining Limited (TSX: MLL)(ASX: MML)(AIM: MML) (”Medusa” or the “Company”), through its Philippines operating company Philsaga Mining Corporation (”Philsaga”), announces a newly completed JORC and NI 43-101 compliant Ore Reserve estimation for the Co-O Mine.
The Probable Reserve, as at 21 June 2010, now stands at 505,000 ounces contained in 1,465,000 tonnes at 10.7 g/t […]

Medusa Mining (LON:MML, ASX:MML, TSX:MLL) has promoted Peter Hepburn-Brown from his role as a non-exec director to a new position of executive director of operations.
Hepburn-Brown will be responsible for the management of all operational and technical aspects of the companys operations in the Philippines.
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Medusa Mining (ASX, AIM: MML; TSX: MLL), through its Philippines operating company, Philsaga Mining Corporation, has increased the Indicated Resource by 4% to 603,000 ounces and increased the Inferred Resource by 36% to 898,000 ounces (excluding production since 9 December 2009) at its Co-O Mine.
The grade of both categories has also increased. The company has […]

The last few months have seen buoyant times for Australian based, Philippines focused gold producer Medusa Mining (ASX:MML, AIM:MML, TSX:MLL), with several new mineral discoveries and upgraded resource estimates from their Philippine based mining properties.
With solid levels of production, low costs and excellent upside potential to expand both production and exploration, Medusa’s strong operational and […]