22/06/11
One of London’s fastest growing gold miners said it will produce between 100,000 and 110,000 ounces of gold in the coming year as it strives to double output through the next part of the Co-O mines expansion. Crucially it revealed a US$10 million drop in the project’s capex.
09/06/11
Medusa Mining said today it is delisting from the Toronto Stock Exchange and revealed a major restructuring of its management - including the stepping down of chairman Peter Jones.
27/04/11
Shares in Medusa Mining this morning paused for breath after another strong quarterly progress report. However according to City brokers following the stock, the London and ASX-listed gold miner’s prospects are brighter than ever.
21/02/11
Medusa Mining has successfully doubled production from the Co-O mine at the most opportune moment, with record gold prices enhancing its competition busting margins even further. It is already producing 100,000 ounces at a remarkably cheap US$185 apiece. As the next phase of Co-O’s expansion, up to 200,000 ounces a year, nears the horizon it is clear that Medusa’s credentials are in ‘ship-shape’ and this buoyant gold stock is being held up by much more than a rising tide.
17/11/10
Today’s decision is expected to herald a new era for the Co-O gold mine in the Philippines, where newly unveiled upgrades are set to double production to 200,000 ounces. Co-O is currently in the lowest-cost quartile of operating gold mines and the latest plans will enhance the project further.
