Medusa Mining
Medusa is an expanding gold producer in the Philippines, listed on the Australian Stock Exchange (ASX;MML), London AIM (AIM: MML) and Toronto Stock Exchange (TSX: MLL) markets. With an expanding resource base now at 1.2million ounces at 13.3g/t gold and production on track to achieve 60,000 ounces annualised in Q3 09 and 100,000 ounces annualised early 2010, it is anticipated that long term cash costs will be approximately US$200/ounce. Numerous new discoveries of gold and copper-gold are anticipated in the future within the large regional tenement package totalling 820km². The operations are an integral part of the local communities.
Medusa Mining is added to S&P/ASX 200 Index
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.”
Other Medusa Mining articles
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08/03/10 Medusa Mining announces 1:10 bonus issue
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07/09/09 Medusa Mining reports 216% full year revenue hike, aims for growth in 2010
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12/08/09 Medusa Mining increases resource inventory to 2 million ounces of gold
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27/07/09 Medusa Mining on schedule to produce 100,000 ounces of gold from Co-0 Mine in 2010
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10/07/09 Geoff Davis, Managing Director of Medusa Mining talks to Proactive Investors
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28/01/09 Medusa Mining to increase gold production to 60,000 ozs in 2009
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19/01/09 Medusa Mining increases gold resource to 1.2 million ounces in Philippines
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24/10/08 Medusa Mining has a lot going for it as a low cost gold producer
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25/07/08 Medusa Mining reaffirms target of 100,000 ounces of gold production by 2010
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13/05/08 Medusa Mining – Interview Transcript
Other Medusa Mining news
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16/03/10 Fairfax positive on Medusa Mining following Co-O mill update
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16/03/10 Medusa Mining says on track to meet Co-O gold mine target production this quarter
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16/03/10 Medusa Mining's expansion of gold production on track at Co-O mill in Philippines
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24/02/10 Medusa Mining reveals record breaking first half, net profit up 201%
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21/01/10 Medusa Mining achieves record gold production for the quarter
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19/01/10 Fairfax upgrades Medusa Mining after resource estimate revision for Co-O gold mine
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18/01/10 Medusa Mining completes re-interpretation of the resource model for the Co-O Mine
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14/01/10 Medusa Mining chairman resigns due to increased work commitments elsewhere
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10/12/09 Medusa Mining delivers high-grade drill results at Co-O Mine
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27/11/09 Medusa Mining starts trading on the Toronto Stock Exchange
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