TORONTO, ONTARIO -- (Marketwire) -- 04/16/12 -- Medusa Mining Limited (ASX: MML)(LSE: MML) ("Medusa" or the "Company"), through its Philippines operating company Philsaga Mining Corporation, announces an update of the Co-O Mine surface and underground drilling undertaken since the report dated 17 October 2011 up to 31 March 2012.
Please find attached an updated Investor Presentation which the Company will present at the BMO Capital Markets 2012 Global Metals and Mining Conference in Miami in late February and the CITI 9th Annual Australian & New Zealand Conference in London in early March 2012.
Medusa, presents its interim financial results for the six months to 31 December 2011, with a Net Profit After Tax of US$24.0 million. Revenues of US$40.9 million compared to US$78.3 million for the corresponding period in the previous year, due to decreased gold production as a result of planned mine expansion and development, partially offset by [...]
Medusa Mining Limited - Please find attached an Investor Presentation which the Company will present in Sydney and Melbourne commencing Monday 13 February 2012. Please find below Competent Persons' Consents in relation to resource and reserve information which appears therein.
Medusa, Snapshot of Medusa: Un-hedged, low cost, dividend paying gold producer focused on organic growth in the Philippines, Growth path to production of 400,000 ozs per year by end 2015/early 2016, Growth underpinned by strong cashflow from Co-O Mine (narrow vein underground), FY 2011/12: revised production guidance of 75,000 ozs at cash costs [...]
Medusa through its Philippines operating company Philsaga Mining Corporation, advises that drilling is continuing at the Bananghilig Gold Deposit and is now focussed on upgrading the resource to the Indicated category. The Company is aiming to outline approximately 1 million ounces of reserves to trigger the commencement of a feasibility study.
Medusa Mining announces that, pursuant to the exercise of unlisted options by an option holder, it has today issued 66,000 ordinary shares of nil par value. The options were exercised at a price of A$1.25 per share. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares and, following admission, the Company's [...]
Medusa announces that, pursuant to the passing of the relevant resolution by the Company's shareholders at the Annual General Meeting on 10 November 2011, the Board has today granted 250,000 performance rights to acquire fully paid ordinary shares in the Company to the Company's Managing Director, Mr Peter Hepburn-Brown. The performance rights have [...]
Medusa announces that, pursuant to the exercise of unlisted options by certain employees of the Company, it has today issued 10,000 ordinary shares of nil par value. The options were exercised at a price of A$4.40 per share. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares and, following admission, the [...]
Medusa Mining Limited, was informed today that Geoffrey Davis, Chairman, had sold 1,000,000 ordinary shares of no par value in the Company at an average price of A$6.72 on 10 November 2011.
Please find attached the Chairman's address which will be delivered at the Company's Annual General Meeting, to be held in the Goldsworthy Room, Pan Pacific Hotel, 207 Adelaide Terrace, Perth, Western Australia at 11.00 am.
