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.
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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.