MML 2.41% 85.0¢ medusa mining limited

News: MML Medusa Mining revises production guidance

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    Jan 11 (Reuters) - Medusa Mining Ltd (MML) :

    • production guidance for fy16-17 has now been revised to between 85,000 to 95,000 ounces of gold at AISC of US$1,250 to US$1,350 per ounce
    • Asx alert-revised mid-year production guidance-mml.ax
    • Production plan for second half of year does not have flexibility to recover lost production and match original guidance
    • overall mine production output has been below plan
 
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