Quarterly Briefs: Gold

DECEMBER quarter production from Medusa, Ramelius, Blackham, Millennium, RNC, WPG, Kingsrose and Pantoro.

Quarterly Briefs: Gold Quarterly Briefs: Gold Quarterly Briefs: Gold Quarterly Briefs: Gold Quarterly Briefs: Gold

Medusa Mining has reported slightly higher quarterly production of 25,056 ounces of gold from the Co-O mine in the Philippines.

All-in sustaining costs were slightly higher at US$1025 per ounce.

Cash and equivalents at the end of the quarter was steady at $16.7 million.

A strong December quarter has led Ramelius Resources to upgrade its full-year guidance.

As reported earlier this month, production for December was 58,012oz of gold, well above guidance of 51,000-55,000oz, with AISC of A$1146/oz, also below guidance.

The quarter included the first contribution from the newly acquired Edna May operation, which produced 21,377oz.