CAPITAL MARKETS

Medusa still in development mode

PHILIPPINES gold producer Medusa Mining has improved on the two previous quarters of production from its Co-O mine, but remains focused on the mine’s expansion.

Kristie Batten
Medusa still in development mode

Production was 18,258 ounces of gold at cash costs of $US239 per ounce, compared with 16,270oz at $242/oz in the December quarter and 10,510oz at cash costs of $291/oz. The unhedged company sold 10,000oz...

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