Lower production hits Medusa profit

OPERATIONAL issues and lower gold prices have dented Medusa Mining’s performance in the six months to December, with the company’s profit falling 55% to $US13 million ($A14.5 million).

Lower production hits Medusa profit Lower production hits Medusa profit Lower production hits Medusa profit Lower production hits Medusa profit Lower production hits Medusa profit

Financial performance was down across the board for the company, with revenues dropping 35% on the same time last year to $34 million and earnings before interest, tax, depreciation and amortisation

loader