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Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	MML
Latest Price:	6.16 (1.82% )
52-week High:	8.71
52-week Low:	4.34
Market Cap:	1,163.18M

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Medusa Mining Full Medusa Mining profile here

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 starts trading on the Toronto Stock Exchange

Friday, November 27, 2009

Philippines-focused gold producer Medusa Mining (ASX: MML) has commenced trading on the Toronto Stock Exchange under the trading code of MLL.

In a statement, joint company secretary Roy Daniel said Medusa would continue to be domiciled in Australia and maintain its existing listings on both the ASX in Australia and AIM in London.

He said Computershare would provide the necessary share registry services to the Perth-based company in Australia, UK and Canada.

With Indicated Resources of 603,000 ounces and Inferred Resources of 1,427,000 ounces, Medusa’s corporate strategy is to become a mid-tier 300,000 to 400,000 ounce per year, low cost gold producer.

Medusa is currently expanding the high grade Co-O Mine operations to increase its production capacity to 100,000 ounces per year and is conducting near mine exploration to assess the possibilities of further expansion to 200,000 ounces per year. Current cash costs at the Co-O Mine are approximately US$200 per ounce.

A pipeline of deposits are also being established with the Bananghilig Deposit (650,000 Inferred ounces at 1.3 g/t gold) which is expected to expand, potentially in conjunction with new nearby discoveries.

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