GOLD MINING JOBS

Medusa Mining plans to produce 90,000 to 100,000 ounces of gold from its high grade Co-O mine in the 2019 financial year.

The Co-O gold mine is in the Rosario-Bunawan district on the East Mindanao Ridge in the Philippines.

This will be achieved at a cost of $US1050-1150 per ounce, including mine development costs, capital works and exploration expenditure.

A significant increase was budgeted on its exploration expenditure to test potential extensions of the Co-O orebody and high grade priority targets near the mine.

Co-O is the number two gold-focused producer in the Philippines.