Medusa lowers output guidance at Co-O
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.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation