Steady quarter for Medusa as CEO hunt continues

PHILIPPINES gold miner Medusa Mining has again delivered quarterly production of nearly 23,000 ounces, though cash holdings have reduced by around 15% to US$15 million after the company said it had incurred higher capex associated with the new E15 shaft.

Steady quarter for Medusa as CEO hunt continues Steady quarter for Medusa as CEO hunt continues Steady quarter for Medusa as CEO hunt continues Steady quarter for Medusa as CEO hunt continues Steady quarter for Medusa as CEO hunt continues

Production of 22,835oz at all-in sustaining costs of $1278oz compared to 22,918oz at AISC of $1073/oz in the March quarter, with grade in the June quarter falling to 5.

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