Precious Metals
Medusa Mining plans to produce 90,000 ounces gold this year
Medusa Mining plans to produce 90,000 ounces gold this year
Medusa Mining (MML.AX) has released its official production and cost guidance for the
current financial year which ends in June 2021. The Australian company intends
to produce 90-95,000 ounces of gold from its Philippines-based Co-O gold mine.
The gold will be produced at an all-in sustaining cost of $1200-1250 per ounce which is higher than the $1132/oz in FY 2020 and this increase is being blamed on the COVID-19 related increase in expenses. At the current gold price of approximately $1900/oz, Medusa Mining should still be able to generate in excess of US$60M in free cash flow from its operations (excluding taxes). At the current exchange rate, that’s approximately A$80M which makes Medusa’s current market capitalization of A$183M (and enterprise value of A$165M) quite attractive given the 330,000 ounces of gold in reserve categories and an additional 950,000 ounces in the resource categories.
Disclosure: The author has no position in Medusa Mining.
Author: CR Team
Goliath launches major Golden Triangle drill program
VANCOUVER – Goliath Resources Ltd. [GOT-TSXV, GOTRF-OTCQB, B41F-FSE] has mobilized for a 24,000-metre diamond drilling campaign on a high-grade…
New Gold Bull Market to Begin Soon
Precious Metals have been hit hard in recent weeks but what is happening in the global macro world is necessary for a real bull market to begin in Gold,…
Peter Schiff: Don’t Listen To What The Fed Says; Look At What The Fed Is Doing
Peter Schiff: Don’t Listen To What The Fed Says; Look At What The Fed Is Doing
Via SchiffGold.com,
The Fed continues to talk tough about…
Five Ideas to Add Lithium Exposure to Your Portfolio
Daily market commentary: Gold prices hedged down, remaining under pressure from an increasingly hawkish Federal Reserve
Peter Schiff: Don’t Listen To What The Fed Says; Look At What The Fed Is Doing
New Assays From KORE Mining (TSXV:KORE) Increases the Scale Target Areas at the Imperial Gold Project
-1.81 Fall Turns Harmony Gold Mining Company Limited (HMY) Into A Losing Stock For Investors
Stocks Surge, Bonds Purge As FedSpeak Offers Nothing New
Nowhere To Hide
Oil falls on Venezuala and EU, gold dips
TDG Gold tables Shasta resource estimate
Hecla Mining Company (HL) Stock’s Detailed Analysis
-
Energy & Critical Metals3 hours agoUranium Inventories Are Scarily Low – What that Means for Energy Security, Prices and New Projects
-
Financing News22 hours agoROSEN, RESPECTED INVESTOR COUNSEL, Encourages Pure Gold Mining Inc. Investors With Losses to Inquire About Securities Class Action Investigation – LRTNF
-
Energy & Critical Metals24 hours ago
Five Ideas to Add Lithium Exposure to Your Portfolio
-
Gold21 hours agoTrading Places: Creasy wins the week – again – with extra substantial Galileo holdings
-
Economics21 hours agoKey Takeaways From Powell’s WSJ Interview
-
Financing News15 hours agoSama Enters into Share Purchase Agreements for Sale of 5,625,000 shares in SRG Mining Inc.
-
Financing News18 hours agoUranium Royalty Corp. Grants Incentive Stock Options
-
Energy & Critical Metals21 hours agoPLUG Stock Jumps 10% as Plug Power Lands Record Contract
