Ten Sixty Four ( Medusa Mining )--- Goldproduzent zu Niedrigkosten !!! (Seite 29)

[phranque]

MEDUSA MINING LIMITED
ABN: 60 099 377 849
Unit 7, 11 Preston Street
Como WA 6152
PO Box 860
Canning Bridge WA 6153
Telephone: [phone]
Facsimile: 618-9367 0602
Email: [e-mail]
Internet: www.medusamining.com.au
ANNOUNCEMENT
12 November 2015
Retirement of Chief Executive Officer
(ASX: MML)
You may recall, in early September 2014 the Company’s former Managing Director and
Chairman, Mr. Geoff Davis was persuadedout of retirementto re-join the Company on
an interim basis as Chief Executive Officer (“CEO”). Thatinterim period is now up and
Geoff will be retiring for a 2ndtime following the conclusion of the Company’s Annual
General Meeting today.
The Board takes this opportunity to thank Geofffor his enormous contribution,efforts
and dedication and wish him all the best in his retirement.
TheCompany wish to advise that theselection process of the incumbent CEO is in its
final stages and an appointment is expected shortly.Mr Andrew Teohas agreed to
assume the role of Executive Chairmanon an interim basisto ensure continuityuntil the
appointment of a new CEO.

Geoff hat das gut gemacht, meine ich.
Am Kurs ist das leider (noch) nicht zu erkennen.

[phranque]

Medusa Mining Update 27 October 2015

QUARTERLY ACTIVITIES REPORT
PERIOD ENDED 30SEPTEMBER 2015

OVERVIEW:
Co-O MINE PRODUCTION
Production:31,495ounces at a headgrade 6.8g/t gold,cash costs of
US$439 per ounce, AISC US$953per ounce (June2015quarter of 26,542 ounces at a head grade of 6.01g/t gold,cash costs of US$390per ounce,and AISCUS$1,076per ounce).
Production guidance:Guidance for FY 2015-16 is 120,000 to 130,000 ounces.
Mill performance:goldrecovery averaged 94%(June 2015quarter 94%).
Development: Atotal of 7,269metres ofhorizontal and vertical
development completed for September quarter.
Shaft haulage: Haulage system de-bottle-necking continuing.L8 ore hoistingcompeting with materials for increasing development at Levels 8, 9
and10, and waste generation from Service Shaftand ventilation raises.
Service Shaft:Service Shaft collar concrete pourcompleted, underground Alimak raising completed, blind sink from surface to Level 2 underway, stripping of raises to final dimensions tocommencein early CY 2016.
Resource drilling:Extensiveunderground drilling program, targeting
resource extensions from Levels 8 to 16to commence in Decemberquarter.
Co-O MINE EXPLORATION
Resources andReserves: New estimatesshow Indicated Resourcesand Probable Reserves remain essentially constant at604kozs at 12.2g/t gold and 427kozs at 7.33g/t gold respectively.
Underground resource drillingresults include 2.1m @ 295g/t Au;2.35m
@66g/t Au;0.8m @ 84g/t Au;1m @ 53g/t Au;and 2.15m @ 19g/t Au.
Drilling postponedfor West Road 17 veins.
Surface exploration continuing at South Agsao veins.
TAMBIS REGION
Bananghilig (B1) Deposit:Resource modelling commencing.
Guinhalinan Prospect:Scout drilling commencingin December quarter.
COAL EXPLORATION
Regional mapping of coal bearing stratigraphy nearing completion,
including locating several seams ranging up to 3.2metres thick.
Scoutdrilling to commence in December quarter.
CORPORATE & FINANCIALS (unaudited)
Total cash and bullion on hand at the end of the quarter of approximately US$11.6 million(approximately US$14.6 million at 30 June2015),reduced by net cash movements in the creditor/receivable accounts.
During the quarter, the Board of Directors,CEOand Company Secretary voluntarily and unconditionally agreed toreduce their fees/salaries by 15% for the current financialyear.

[GustavOemark]

Antwort auf Beitrag Nr.: 50.828.868 von Goldman77 am 12.10.15 14:44:27

wir kommen von ganzen anderen Regionen und die Verantwortlichen der damaligen "goldenen Zeiten" sind wieder an Bord! Bin hier long and strong. Hatte schon fast angefangen an meiner Einschätzung zu zweifeln als hier manche unter 0,40 AUD verkauft haben... 4 AUD vielleicht schon eher

[Goldman77]

Der Goldpreis zieht ein wenig an und schon spürt man große Kurssprünge.
von Freitag auf Montag weitere 4 Center. (Y)

[Global-Player83]

Mit Blick auf die AISC dürfte es schwer fallen das Interesse der Investoren zu wecken.

[phranque]

Antwort auf Beitrag Nr.: 50.789.631 von Goldman77 am 06.10.15 23:42:56

Investorengespräche

Vielleicht bringen auch die aktuellen Investorengespräche in London etwas.

ANNOUNCEMENT
5October2015
INVESTOR PRESENTATION
LONDON-5thto 9thOCTOBER 2015
Medusa Mining Limited (“Medusa” or the “Company”), through its Philippine affiliate,
Philsaga Mining Corporation (“PMC”),providesthe Investor Presentation for London
during 5thto 9thOctober 2015, to be presented by Chief Operating Officer, Mr Rob
Gregory.
The key points in the presentation are:
As highlightedin the graph below, broken ore inventory build-upsince January 2015is now stabilised at the optimum level of between 60,000 to 70,000 tonnes;

The gradeof the ore drawn from the stopes hasimproved to 8.43g/t gold at 31August (from 7.20g/t gold at 30June2015);

Mill grades are trending upwardstowards the 2015 reserve grade of 7.3g/t gold;

There are no changes to the production guidance of between 120,000 to 130,000 ounces for FY2015-16;

The AISC is expected to improve steadily; and

Indicated Resources and Probable Reserves levels have been maintained after mine depletion of 105,000 ouncesforFY2104-15.

[Goldman77]

In den letzten 5 Tagen ein plus von fast 6 cent, hoffentlich ist das die Trendwende.

Naja natürlich hängt jetzt auch alles vom Goldkurs ab, ich denke mal hier geht noch einiges.

[Goldman77]

Summary

Medusa Mining has released an updated resource estimate, and the company lost 260,000 ounces along the way.

This isn't unexpected as Medusa has been focusing on quality instead of quantity, and its reserves and indicated resource remained relatively stable.

The company will start an underground drill program next month and will complete 20,000 meters of drilling aiming at expanding the inferred resources again.

I would expect this drill program to replenish a fair part of the 'lost' 260,000 ounces, as Medusa now has a pretty decent understanding of the ore corridor.


Mehr:

http://seekingalpha.com/article/3539596-i-have-mixed-feeling…

[Global-Player83]

Medusa Mining 0,37 A$.

http://www.asx.com.au/asxpdf/20150904/pdf/4313bycgzp0pgk.pdf

[phranque]

hier mal noch das Statement zur Abschreibung:

ANNOUNCEMENT
3 September 2015
ASSET IMPAIRMENT OF US$260M
(ASX: MML)
Medusa Mining Limited (“Medusa” or the “Company”), on 27 August 2015 reported a statutory after tax loss of US$218.1 million which included asset impairment losses of US$259.6 million.
This impairment loss is essentially a non-cash charge to the accounts and is done in accordance with Accounting Standards (AASB 136). (see attached note on Impairment of Non-current assets as reported in the Company’s 2015 Accounts)
It is very important to note that this impairment charge has no effect whatsoever on the Company’s operations and in particular the resources and reserves of the Co-O mine going forward.
The underlying profit of the Company for the year is approximately US$41.5 million compared to US$30.9 million the previous year (if the impairment charge is not taken into account). This represents an increase of 34% and is a good result camouflaged by the impairment.
Geoff Davis, Chief Executive Officer of Medusa, commented:
“Given that the carrying value of the Company’s asset was considerable higher than its market capitalisation at 30 June 2015, the Company was compelled to perform an impairment test, which resulted in a charge of almost US$260M to its 2015 financials. (see table above for breakdown).
I wish to add that this is purely an accounting treatment and has no bearing on our JORC resources and reserves in the Co-O mine and therefore will not affect operations.
On the positive side, the impairment will decrease future depreciation and amortisation charges”

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?…