CAPITAL MARKETS

Medusa eyes big June quarter

MEDUSA Mining is flagging a big June production quarter at its Co-O operation in the Philippines after maintaining annual guidance and hence expecting at least a circa-60% increase in output over that recorded in the March period.

Michael Quinn
Medusa eyes big June quarter

Co-O has produced 56,897 ounces in 2016/17 and Medusa is forecasting full-year output of 85,000-95,000oz at all-in-sustaining-costs (AISC) of US$1250-1350/oz. The March quarter yielded 18,390oz at AISC...

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