EXPLORATION & DEVELOPMENT

Medusa's mine to improve

NEWLY installed Medusa Mining CEO Boyd Timler expects the company’s long heralded Co-O gold operation in the Philippines to drop draining the cash after August this year.

Michael Quinn
Medusa's mine to improve

The operation had all-in-sustaining-costs of $US1033 per ounce last quarter, meaning little cash heading the way of the company’s balance sheet despite cash costs of less than $500/oz. However Timler...

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