Proactive Investors - Run By Investors For Investors

Medusa Mining's production rises as grades tick up

First half production totalled just under 50,000oz and for the full year, Medusa has forecast between 85,000-90,000oz
Gold pour
Medusa has increased its production forecast once already this year

Medusa Mining Limited’s (ASX:MML) production edged up in its second quarter after grades and throughput improved slightly.

The Philippines–based gold miner produced 25,056 oz (24,986oz) of gold in the three months to December, at an average head grade of 6.67 g/t gold, from 124,914 tonnes of ore processed.

READ: Medusa seizes Cambodian gold, copper and oil exploration opportunity

Tonnage mined was lower than the previous quarter, but the grade and amount processed ticked up slightly.  

Maintenance work at the Co-O mine pushed all-In-sustaining-costs up to US$1,025 per oz, but cash costs fell.

First half production totalled just under 50,000oz and for the full year, Medusa has forecast between 85,000-90,000oz.

During the quarter, the company also signed a MoU over an exploration licence in Cambodia.

View full MML profile View Profile

Medusa Mining Timeline

Related Articles

gold
March 29 2019
Latest forecast is for 2019 production to rise to between 80-84,000oz
drill
July 09 2019
Companies prospects in Victoria are Bailieston, Avoca, Timor, Creswick and Moormbool
1557327487_Gold-bar-plus-nugget.jpg
May 09 2019
Landore has made rapid progress with the BAM project

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use