PMEA Blog

Philippines-focused Gold producer Medusa Mining (ASX: MML) has announced record gold production of 21,108 ozs at the Co-O Mine during the quarter.
This compared to 18,054 ozs in the previous quarter, with the latest gold production at an average grade of 18.68 g/t gold and average cash cost of US$184 per oz (US$136 per oz before […]

Australian-based gold producer Medusa Mining (ASX/AIM: MML, TSX: MLL), through its Philippines operating company Philsaga Mining Corporation, has wrapped up a re-interpretation of the resource model for the Co-O Mine, located in the Philippines.
The revised resource is JORC and NI 43-101 compliant, with a large number of drill hole intersections are yet to be included […]

Gold producer Medusa Mining (ASX: MML, TSX: MLL), through its Philippines operating company Philsaga Mining Corporation, has announced an update of drilling results, with high grade intersections to the east of the Co-O Mine confirming strike extensions of the vein system to around 1,400 metres.
The highlights include MD 172 0.85m at 83.47g/t Au; MD 179 […]

Shares in Philippines-focused gold producer Medusa Mining Limited (ASX: MML) have jumped 9c following chairman Kelvin Tomlinson’s address at the company’s annual general meeting, where he revealed his plans in early 2010 were to focus on attaining its immediate target production of 100,000 ounces annually.
Following the address by Mr Tomlinson at the company’s annual general […]

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 […]

Philippines focused gold producer Medusa Mining (AIM & ASX: MML) said today drilling at its Lingig prospect in the Philippines located mineralisation in two distinct geological settings.
Medusa has drilled 6,400 metres in seventeen angled holes since releasing its last update in March, intersecting intervals of 209.1m (metres) at 0.25% copper, 44.5m at 0.34% copper, 159.7m […]

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 […]

Medusa Mining has announced a JORC compliant maiden Inferred Resource of 650,000 ounces of gold in 15,000,000 tonnes at a grade of 1.3 g/t gold for the Bananghilig Gold Deposit located in the Tambis District, Philippines.
The new resource will boost the Medusa Mining’s total resource inventory to approximately 2.03 million ounces of gold.
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High grade, low cost gold producer, Medusa Mining (ASX: MML) has defined a maiden JORC inferred resource at the Bananghilig Gold Deposit in the Philippines to 650,000 ounces of gold at 1.3 g/t.
Medusa’s main asset is the Co-O gold mine on the southern Filipino island of Mindanao, which has a JORC resource of 1.38 million […]

by Andrew McCrea
Expanding Philippines gold producer, Medusa Mining (ASX/AIM: MML) is ahead of production schedule at the Co-O Mine.
Phase 1 expansion has been completed, ahead of schedule - and on track to produce annualised gold production of 60,000 ounces.
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