CAPITAL MARKETS

Medusa makes profit, seeking improvements

MEDUSA Mining has forecast another modest operational year at its Co-O gold operation in the Philippines after recording a “statutory after tax profit” of $US44 million last financial year.

Michael Quinn

Medusa makes profit, seeking improvements

That profit came on the back of production of 108,529 ounces at all-in-sustaining-costs (AISC) of $999 per ounce, with 105-115,000oz forecast to be produced in the current 2017 year at AISC of between...

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