Proactiveinvestors United Kingdom Medusa Mining articles

Medusa Mining: Current market is "golden" buying opportunity, says broker

Fri, 18 May 2012 13:55:00 +0100

Broker Fairfax has upped its price target for mining firm Medusa Mining and says the current market represents a "golden opportunity" to buy into the stock.

Medusa Mining: Big ambitions to become mid-cap gold miner

Thu, 01 Mar 2012 08:24:00 +0000

Medusa Mining’s appeal is rapid production growth allied to the fact its Co-O mine is one of the cheapest running gold mines in the world. It aims to reach a 200,000 ounce annual run rate next year and hit 400,000 in five year's time.

Medusa Mining reaffirms forecasts in bullish presentation

Fri, 25 Nov 2011 07:07:00 +0000

Medusa Mining's management gave another upbeat assessment of prospects at a meeting with broker Seymour Pierce.

Medusa Mining says it is confident about the potential of the Bananghilig gold deposit

Mon, 12 Sep 2011 08:31:00 +0100

Medusa Mining this morning said it had made great strides in understanding the complex geology of the Bananghilig gold deposit in the Philippines and believes the project has the potential to grow “substantially”.

Medusa Mining’s Hepburn-Brown eyes further growth following 2011’s record results

Tue, 30 Aug 2011 12:58:00 +0100

As low-cost gold producer Medusa Mining unveiled impressive full year earnings of US$120 million, up 64 per cent from last year, the group’s new managing director Peter Hepburn-Brown was firmly focussed on even bigger and better things.

Medusa Mining set for £100 mln profit in coming year, says Fairfax

Wed, 22 Jun 2011 14:07:00 +0100

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.

Medusa Mining announces delisting from TSX and major management restructuring

Thu, 09 Jun 2011 12:57:00 +0100

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.

Medusa shares pause for breath; brokers point to a golden future

Wed, 27 Apr 2011 11:02:00 +0100

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.

Medusa Mining: Big margins put this buoyant gold stock ahead of the rising tide

Mon, 21 Feb 2011 14:40:00 +0000

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.

Analysts upbeat on Medusa’s plan to double capacity at the ‘spectacular’ Co-O gold mine

Wed, 17 Nov 2010 11:01:00 +0000

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.

Medusa Mining increases Co-O probable gold reserve to 505,000oz

Fri, 06 Aug 2010 09:41:00 +0100

Medusa Mining (ASX:MML, LON:MML, TSX:MLL) has said that the new estimate for its Co-O gold mine in the Philippines put the probable reserve at 505,000 oz (ounces) contained in 1.46 Mt (million tonnes) grading 10.7 g/t gold.

Exploration results near Co-O Mine suggest Medusa Mining has plenty of upside discovery potential

Mon, 05 Jul 2010 09:43:00 +0100

With solid levels of production, low costs and excellent upside potential to expand both production and exploration, Medusa appears to be at the start of a long and prosperous road.

Medusa Mining to add Toronto Stock Exchange listing to London and Sydney

Wed, 18 Nov 2009 07:53:00 +0000

Following the address by Mr Tomlinson at the company's Annual General Meeting this morning in Australia, shares in Medusa shot up 2.1% to A$4.30 per share.

Medusa Mining increases resource inventory to 2 million ounces of gold

Wed, 12 Aug 2009 07:40:00 +0100

Medusa's main asset is the Co-O gold mine on the southern Filipino island of Mindanao, which has a JORC resource of 1.38 million ounces of gold at an average grade of 10.8 g/t.

Medusa Mining doubles probable gold reserves at Co-O to 500,000 ounces

Fri, 17 Jul 2009 12:33:00 +0100

In further good news for Medusa Mining (ASX, AIM: MML) shareholders, additional inferred resources have been converted to gold reserves. Probable reserves at the Co-O mine in the Philippines have now doubled to a JORC compliant 500,000 ounces of gold as of June 14 2009, compared with a 249,000 ounces estimate announced in August 2008.

Geoff Davis, Managing Director of Medusa Mining talks to Proactive Investors

Fri, 10 Jul 2009 10:12:00 +0100

Geoff Davis, MD of Medusa Mining, talks about a resource of 1.2 million ounces of gold at 13.3 grams per tonne, the Great Hamish vein averaging 61 grams per tonne over 2 metres, producing gold at a cash cost of around US$211.00 an ounce, and work underway to increase production.

Medusa Mining has a solid track record of high-grade gold production growth

Mon, 06 Jul 2009 15:56:00 +0100

With gold taking a breather before another battle with the US$1,000 mark, the same can not be said for gold focussed producer Medusa Mining

Medusa Mining to increase gold production to 60,000 ozs in 2009

Wed, 28 Jan 2009 08:12:00 +0000

Expansion (Phase 1) will raise gold production to 60,000 ozs (annualised) per year in Q3 2009. The Agsao shaft was completed to depth ahead of schedule with the first development ore expected in Q1 2009.

Medusa Mining has a lot going for it as a low cost gold producer

Thu, 23 Oct 2008 09:02:00 +0100

Medusa Mining has been quick to provide comment with respect to Crosby Capital Limited’s proposal to make an unsolicited and conditional takeover offer.

Interview Transcript with Medusa Mining

Thu, 15 May 2008 00:00:00 +0100

A transcript of our recent audio interview with Geoff Davis of Medusa Mining - PLUS additional material on doing business, the fiscal regime, and governance in the Philippines, and also the two-way benefits of community engagement.