CAPITAL MARKETS

Medusa has production issues

PHILIPPINES gold miner Medusa Mining has cut its guidance for 2016/17 on the back of lower than expected ore grades and issues with one of the shafts at the underground operation.

Michael Quinn
Medusa has production issues

Production of 85,000 to 95,000 ounces at all-in-sustaining-costs (AISC) of $US1250-1350/oz is now being flagged, down from 105,000-115,000oz at $1000-1100/oz. Production in the December quarter totalled...

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