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Additional Information
Market: AIM / ASX / TSX
Sector: General Mining - Gold
EPIC: MML
Latest Price: 414.25p  (0.24% Ascending)
52-week High: 568.00p
52-week Low: 280.00p
Market Cap: 782.53M
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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

Medusa Mining joins ASX 200

3rd Jul 2009, 10:22 am Medusa Mining joins ASX 200

Standard & Poor’s has added Medusa Mining (ASX: MML) to both the S&P/ASX 200 and S&P/ASX All Australian 200, effective after the close of business on 7 July 2009.

Companies that are added to the index may encounter increased demand for the company's shares, as some institutional investors may re-weight their portfolio to align with the index constituent companies.

Managing Director Geoff Davis, said the  Company’s inclusion in the S&P/ASX 200 index was a major achievement.  "We believe the Company, with its world class asset in the Philippines, will continue to deliver positive results for many years to benefit not only shareholders but also for the many communities in which it operates.”

Earlier this week, the junior gold producer announced a revised JORC compliant resource statement for the mine, based on ongoing infill and exploration drilling of the vein system to both boost the confidence of the resource and extend the system along strike and at depth, ahead of the completion of a Phase I expansion to increase production to 60,000 ounces of gold per annum, and a further ramp up to 100,000 ounces of gold per annum from a Phase II development. 

The resource increased by 15% to 1.38 million ounces of gold at 10.8 grams per tonne gold, an increase of 60% in 12 months.  The indicated gold resource increased by 25.6% to 1.25 million tonnes at 15 grams per tonne (603,000 ounces) while the inferred category climbed to 2.73 million tonnes at 8.9 grams per tonne gold (777,000 ounces).


 

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The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

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