CAPITAL MARKETS

Rain, workers impinge Medusa

PHILIPPINES gold miner Medusa Mining has reduced its production expectations in the current quarter on the back of recent rain and worker absenteeism.

Michael Quinn
Rain, workers impinge Medusa

Medusa now expects to produce 20-23,000 ounces of gold in the current quarter, taking full year output down from 85-95,000oz to 77-80,000oz. The rain and workforce issues has resulted in reduced rates...

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