CAPITAL MARKETS

Medusa's full-year figures follow gold price down

MEDUSA Mining has recorded a substantial year-on-year drop in profits for the 2014 financial year, citing a 19% lower price received on 15% few ounces of gold sold.

Justin Niessner
Medusa's full-year figures follow gold price down

Net profit after tax for the year was $US30.9 million ($A33 million), down 38% compared to FY13. It followed the sale of 65,943oz of gold for $1299 per ounce, compared to the prior year’s sales of...

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