Gold producer focused on organic growth in the Philippines

Medusa Mining

Medusa Mining Limited (“Medusa” or the “Company”), a public company listed on the Australian Stock Exchange (ASX) and the London Stock Exchange (LSE) under the code MML, is an Australian based gold producer, focused solely in the Philippines. SNAPSHOT OF MEDUSA

  • Un-hedged, low cost gold producer focused on organic growth in the Philippines
  • 5 year, 2-phase growth path to production of 400,000 ounces per year underpinned by strong cash flow from Co-O Mine (narrow vein underground)
  • Targeted production:
    • FY 2013 (revised): 70,000 to 80,000 ounces at cash costs circa US$290 per ounce
    • FY 2014: 200,000 ounces at cash costs circa US$220 per ounce
    • FY 2015: 200,000 ounces at cash costs circa US$230 per ounce
  • Total Mineral Resources now in excess of 3 million ounces
  • Conceptual exploration target size** of Co-O Mine of 3 to 7 million ounces
  • Excellent exploration upside (820 km2 of tenement):
    • high grade vein and disseminated bulk gold targets, plus nine copper targets
    • exploration budget for FY 2013 of US$25M

If you would like to receive our announcements please fill in your name and email in the “subscribe to e-news mailing list” section on the front page.

Share Update

ASX : MML
LSE : MML

Subscribe To E-News Mailing List

  • This field is for validation purposes and should be left unchanged.