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Proactive weekly mining highlights - Stratex International, Strategic Minerals and Anglesey Mining
A look at some highlights from the world of small cap mining news
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ASX:MML
Medusa Mining Limited (ASX: MML) is a publicly listed, Australian based gold producer, focused solely in the Philippines and Asia Pacific. Un-hedged, high grade gold producer focused on organic growth in the Philippines Operational history in excess of 10 years FY18 production 95.7koz at an AISC of US$1,083/oz Co-O Mineral Resources reported in December 2017 of 865koz @ 10.7g/t Co-O Ore Reserves reported in December 2017 of 327koz @ 6.7g/t Excellent exploration upside (tenement portfolio of 410 km²) with high-grade gold vein targets.
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A look at some highlights from the world of small cap mining news
In August, the Aussie-listed group said production to June 2018 should be between 80,000-90,000 ounces of gold.
Production this year will be between 80,000-90,000 ounces of gold
Medusa drilled around 23,000 metres at Co-O in the first half of the financial year and this rate of drilling will continue in the second half
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Some the largest share price rises and fall in London at 3pm: Webis, Wey Education, ValiRx
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A glance at some of the stories on the Proactive newswire today.
The Philippine authorities are cracking down on environmental violations, but Medusa is unaffected
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Just a day after outlining plans to bring in up to US$1.2bn of new funds, Sirius revealed on Thursday the process was ostensibly complete.
The firm produced 21, 157 ounces of the yellow metal in the three months
A look at some of the highlight news stories on the day
Medusa Mining reports revenue increase, Sphere Medical has broken into Belgium and Gfinity unveils a new sponsorship deal.
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A round up of the week's mining headlines from Proactive.