PMEA Blog

Fairfax Securities has issued a note on Medusa Mining (ASX, AIM: MML; TSX: MLL), following a recent visit to the group’s Co-O mine in the Philippines, saying it feels that future developments at the project will continue to add value.

The visit helped the broker gain a clearer idea how future production growth is likely to […]

COMO, WESTERN AUSTRALIA, May 07, 2010 (MARKETWIRE via COMTEX) — Medusa Mining Limited /quotes/comstock/11t!e:mll (CA:MLL 4.19, +0.01, +0.24%) (ASX: MML)(AIM: MML) (”Medusa” or the “Company”), through its Philippines subsidiary, Philsaga Mining Corporation (”Philsaga”), advises that drilling at Lingig has continued to intersect copper mineralisation in two geological settings.

Basalt-hosted mineralisation (now called the Basalt […]

COMO, WESTERN AUSTRALIA, May 05, 2010 (MARKETWIRE via COMTEX) — Medusa Mining Limited /quotes/comstock/11t!e:mll (CA:MLL 4.33, +0.14, +3.34%) (ASX: MML)(AIM: MML) (”Medusa” or the “Company”), through its Philippines operating company Philsaga Mining Corporation (”Philsaga”), advises that it has discovered a new outcropping porphyry copper-gold target named Usa.

The target has so far been defined […]

LONDON (SHARECAST) - Gold miner Medusa Mining said drilling on its Saugon First Hit Vein prospect in the Philippines will start in May of this year. The prospect was last drilled by the company in 2004, when gold was trading a little above the $400 an ounce level. Gold is currently trading just below $1100 […]

COMO, WESTERN AUSTRALIA, Apr 20, 2010 (MARKETWIRE via COMTEX) — Medusa Mining Limited /quotes/comstock/11t!e:mll (CA:MLL 4.25, +0.13, +3.16%) (ASX: MML)(AIM: MML) (”Medusa” or the “Company”) through its Philippines operating company Philsaga Mining Corporation (”Philsaga”), advises that drilling will commence during May at the Saugon First Hit Vein Prospect. This project was last drilled […]

Medusa Mining (ASX, AIM: MML, TSX: MLL)is preparing to move from the AIM market of the London Stock Exchange to the Official List and the Main Market, which it said would help it to “raise its profile on a larger scale”.
Medusa’s graduation from AIM to the Main Market is expected on 17 May 2010, subject […]

Medusa Mining (ASX:MML, AIM:MML, TSX:MLL), through its Philippines operating company Philsaga Mining Corporation, has announced an update of the Co-O mine surface drilling results for new holes MD 217 to MD 240 and some additional results from earlier holes received subsequent to the announcement of 17 December 2009.
Geoff Davis, Managing Director of Medusa, commented “on-going […]

Medusa Mining (ASX, AIM: MML, TSX: MLL) said the commissioning of the mill expansion is 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 […]

Medusa Mining (ASX/AIM: MML: TSX: MLL) has announced a one for ten bonus issue of shares to all shareholders of the Company.
In a statement, the Company said it had achieved several significant milestones in the last calendar year and the bonus issue is in recognition of the invaluable support the Company has received from […]

Medusa Mining, the Australian group behind the development of the Co-O gold mine in the Philippines, has posted a record set of interim results including a 200% rise in net profits after tax of US$28.3 million.
Revenues were up by 161% to a record US$41.3 million, mainly on the back of increased gold production and a […]