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Additional Information
Market: AIM / ASX / TSX
Sector: General Mining - Gold
EPIC: MML
Latest Price: 422.38p  (3.02% Ascending)
52-week High: 568.00p
52-week Low: 280.00p
Market Cap: 797.89M
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Medusa Mining
www.medusamining.com.au

 

Medusa Mining Limited ("Medusa" or the "Company"), a public company listed on the ASX, AIM and the TSX, is an Australian based gold producer, focused solely on the Philippines

Medusa's corporate strategy is to become a mid-tier, 300,000 to 400,000 ounce per year, low-cost gold producer.

 

 

Full Medusa Mining profile here
Pdf

Fairfax positive on Medusa Mining following Co-O mill update

16th Mar 2010, 2:58 pm Fairfax positive on Medusa Mining following Co-O mill update

Institutional investment bank Fairfax has issued a positive note on Medusa Mining (ASX, AIM: MML, TSX: MLL) following the company’s update on the commissioning of mill expansion at the Co-O mine in the Philippines earlier today.

Fairfax pointed towards the stock retaining some attraction for investors seeking exposure to gold.

The bank noted that Medusa’s management has confidence of reaching its targets and it has potential to expand its operations at or around Co-O as well as other targets within its tenement packages. 

Fairfax also noted that work is also underway to explore around Co-O to establish the potential for expansion, which may increase the mine's production base.

Medusa announced earlier that the commissioning of the mill expansion at the Co-O mine in the Philippines is progressing well and the company is set to meet its targeted production of 25,000 ounces of gold this quarter.

Managing director Geoff Davis commented: "The company is set to achieve another production milestone on schedule.  This expansion increases the company's ability to optimise future gold production.”

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