Medusa Mining targets 75 000 oz FY gold output

Philippines-focused gold miner Medusa Mining on Tuesday reported revenue was down by 47%, to $40.9-million, compared with $78.3-million for the corresponding period in the previous year, owing to decreased gold production as a result of planned...

$70-million mill and mine upgrade for gold producer

Philippine-focused gold producer Medusa Mining is set to perform a $70-million remodel on its current Co-O mill and mine site, in order to increase its yearly production target to 200 000 oz.

Medusa sees FY output at 100 000 oz to 110 000 oz

Gold miner Medusa Mining expected to produce between 100 000 oz and 110 000 oz of gold during the 2011/12 financial year, the company reported. The company significantly increased its rate of underground development at its Co-O mine, in the...