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Additional Information
Market: AIM / ASX : TSX
Sector: Gold Mining
Epic: MML
News: Latest news
Web Site: Medusa Mining
Other Articles: 24-02-201021-01-201019-01-2010

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Thursday March 11, 10:17Eco Animal Health Group: moves into US and China could be transformational

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Thursday March 11, 07:27BP shells out US$7 billion for Devon Energy's assets in Brazil, Gulf of Mexico and Azerbaijan

In addition, BP will sell to Devon Energy a 50 percent stake in BP's Kirby oil sands interests in Alberta, Canada, for US$500 million.

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Tuesday March 09, 09:55Nidec Corporation adds third factory and laboratory in Dalian City, China

Nidec Corporation (NYSE:NJ), the Japan headquartered manufacturer of small-to-mid-size motors, fan motors, and pivot assemblies, is to expand its presence in China through the construction [...]

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Medusa Mining

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.

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Friday, November 27, 2009

Medusa Mining starts trading on the Toronto Stock Exchange

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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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