CAPITAL MARKETS

Revenue up 216% for Medusa

GOLD producer Medusa Mining has posted a maiden profit for the 2009 financial year, thanks to increased production at its flagship Co-O mine in the Philippines and a higher gold price.

Kristie Batten
Revenue up 216% for Medusa

The company’s net profit after tax was $A38.1 million, a turnaround from a $1.3 million loss in the 2008 financial year. Revenues increased 216% to $57.3 million from the sale of 47,869 ounces of gold...

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