Medusa Mining (ASX: MML) 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.
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.”










