Oct 23, 2017 | Medusa Mining
Co-O MINE PRODUCTION
Production: 24,896 ounces at average head grade of 6.59 g/t gold (June 2017 qtr : 23,846
ounces at average grade of 6.38 g/t gold).
Cash Costs: of US$ 565 per ounce (June 2017 qtr: US$539 per ounce).
All-In-Sustaining-Costs (“AISC”): US$973 per ounce (June 2017 qtr : US$1,180 per ounce).
Mill Performance: gold recovery averaged 94.6% (Jun 2017 qtr: 94.4%).
Mine Development: Total advance was 6,371 metres of horizontal and vertical development (Jun 2017 qtr : 5,671 metres).
Mine Infrasturcture Projects: E15 Service Shaft: Reached depth of 380 metres, just below the 8 level
Main Levels and Winzes: Development on Level 9 totalled 878 metres, with an additional 51 metres developed on Level 10.
Mine De-watering: Level 8 pumps are operational and performing inline with expectations.
Production Guidance (2017/18): The FY17-18 production guidance remains at 80,000 to 90,000 ounc es, at AISC of between US$1,050 to US$1,200 per ounce of gold produced
