Medusa takes a hit

ORE haulage operations at Medusa Mining’s Co-O operations in the Philippines will be restricted until repairs are completed at the site following strong winds and heavy rains.
Medusa takes a hit Medusa takes a hit Medusa takes a hit Medusa takes a hit Medusa takes a hit

The mine remains operational but winds from tropical storm Sendong (Washi) caused damage to the laboratory roof and mill buildings, while rain damaged parts of the 11km haulage road between the mine and the mill.

In a statement, Medusa said repairs would start once the rain eased and a full assessment had been undertaken, with any potential impacts to production to be outlined in its pending December quarterly report.

Production from the site reached 10,510 ounces at a recovered grade of 8.33 grams per tonne in the September quarter at cash costs of $US291 per ounce, while 25,233oz at cash costs of $194/oz was produced in the June three-month period.

In October, its 2011-12 production guidance remained between 100,000oz and 120,000oz at cash costs of around $200/oz, before rising to 120,000oz in the 2013 financial year and 200,000oz per annum some 12 months later, before ultimately doubling to 400,000ozpa by the 2016 financial year.

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