By Vladimir Basov | Kitco News | July 27, 2021 13:31

Credit: Kitco News

Medusa Mining (ASX: MML) announced Tuesday that in June quarter 2021, the company produced 22,396 ounces of gold at an average head grade of 5.89 g/t at its Co-O mine in the Philippines, an increase of 22% compared to March quarter 2021 production of 18,359 ounces.

The company said that 95,193 ounces of gold produced during full year ended June 30, 2021, was slightly above the company’s upper guidance, while all-in sustaining cost of US$1,231 per ounce was within the guidance.

The company sold 21,457 ounces of gold at an average price of US$1,836 per ounce in June quarter 2021 (March quarter: 17,691 ounces sold at an average price of US$1,753 per ounce).

As at 30 June 2021, the company had total cash and cash equivalent in gold on metal account of approximately US$72.2 million (31 March 2021: US$72.2M).

Source: Kitco News