MML - Q1 Production Report

Q1 production report will be released this week.

It should provide details of further progress at the Co-O mine with improving grade resulting from the new payment system to stope miners, L8 Service shaft progress and possible all time record quarterly production with lower costs.

Medusa has started a 15,000-20,000 meter drill program this month on the lower levels of Co-O and this program will solely be focusing on resource expansion. One analyst thinks Medusa will be able to add 400,000-500,000 ounces of gold over the next two years.