Profit Round-Up: Grange, Medusa and more

PROFIT figures from Grange, Medusa, Millennium, Doray, Blackham, Mineral Deposits, Mineral Commodities, Avanco and Hillgrove.

Profit Round-Up: Grange, Medusa and more Profit Round-Up: Grange, Medusa and more Profit Round-Up: Grange, Medusa and more Profit Round-Up: Grange, Medusa and more Profit Round-Up: Grange, Medusa and more

Magnetite pellet producer Grange Resources has recorded a 35% drop in its full-year net profit after tax to A$60.7 million.

Revenue was down by 10% to $247.8 million due to lower production as the result of a fatal accident in March.

The company declared a 1c per share dividend.

Philippines gold producer Medusa Mining has posted a half-year NPAT of US$14 million up from a $41.8 million loss in the previous corresponding period.

The strong result was due to a jump in gold production from 39,061 ounces at all-in sustaining costs of $1408 an ounce to 53,152oz at AISC of $999/oz.

Medusa closed the half with cash and equivalents of $16.7 m...