Medusa confirms 2021 targets
PERTH (miningweekly.com) – Gold miner Medusa Mining is forecast a production target of between 90 000 oz and 95 000 oz for the 2021 financial year from its Co-O gold mine, in the Philippines.
All-in sustaining costs (AISC) for the 2021 financial year have been targeted at between $1 200/oz and $1 250/oz.
The target compared with the 95 057 oz produced in the 2020 financial year, at an AISC of $1 132/oz.
The company said on Friday that the slight increase in year-on-year AISC had been anticipated, after taking into account the ongoing impact of the Covid-19 restrictions.
The production and cost targets for the 2021 financial year did not include any provision for the construction of the proposed decline at Co-O, which remains on hold until the Covid-19 restrictions are lifted.
The guidance comes just days after Medusa reported a fatality at the Co-O mine, after an employee was electrocuted during an inspection process of submersible pumps at the underground main pump station.
Operations at the mine were not suspended following the fatality.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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