Medusa Mining Discusses Financial Results

Mining Weekly reported that Medusa Mining’s (ASX:MML) half-year revenue fell, but the company is targeting 75,000 ounces gold production by the end of its full year.

As quoted in the market news:

The miner set a production target of 75 000 oz of gold by the end of its financial year on June 30, at a cost of $230/oz. The average cash cost increased to $261/oz in the six months under review, which was higher than the previous corresponding period’s costs of $186/oz. The slower production rate was partially offset by an above average gold price.

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