https://www.miningweekly.com
Construction|Financial|Gold|Mining
Construction|Financial|Gold|Mining
construction|financial|gold|mining

Medusa lowers output guidance at Co-O

24th August 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed gold miner Medusa Mining has set a production target of between 90 000 oz and 95 000 oz for the 2022 financial year, with all-in sustaining costs (AISC) targeted at between $1 250/oz and $1 300/oz.

This production was lower than the 95 193 oz achieved in the 2021 financial year, when AISC were reported at $1 231/oz.

Medusa said on Tuesday that the guidance for the 2022 financial year continued a consistent period of operational performance from the Co-O operation, in the Philippines, over the last five years.

The marginal increase in AISC for 2022 allows for a general increase in the costs of labour, production and raw materials. The cost guidance does not include any expenditure for the construction of the Tigerway decline and Medusa told shareholders that it was expecting to incur some $15-million on Tigerway in the coming year.

The total cost for Tigerway as reported is estimated to be $54-million.

Edited by Creamer Media Reporter

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.096 0.131s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: