MML are an existing gold producer on the island of Mindanao, and are looking to expand production towards 100,000 ozs Pa during 2007.

Mining costs are low, around $250 per oz, and with gold around the $650 level, there is a healthy margin.

MML have returned good grades in recent exploration, and have an exploratory copper project within their licence area.


recent analysis - Click HERE


MML look undervalued compared to their peers, IMO.

media comment, click HERE

Published date:Thursday, November 1, 2007
Fast-rising gold producer Medusa Mining (MML:AIM) has been identified as one of ten takeover targets for Avocet Mining (AVM:AIM). Chief executive Jonathan Henry confirmed that Medusa had been approached, but insisted talks were at an early stage.

Avocet should produce 178,000 ounces of gold this financial year. The company wants to expand its Penjom mine in Malaysia and North Lanut in Indonesia; and the Bakan project should start production in 2009. It believes an acquisition, funded from a $100 million cash pile, could potentially advance group gold output to 300,000 ounces per year. Henry told Shares that a short list of targets had been drawn up, including Philippines-based Medusa, and that Avocet had initiated the process with each business. The hardest thing is the characters in mining. Everyone thinks their company is undervalued so they dont want to talk about M&A, said Henry.

He said Avocet would focus on south east Asia for acquisition targets. Aside from Medusa, Allied Gold (AGLD:AIM) is the only UK-quoted gold producer in the region and is the right size for Avocets needs. One analyst said the company may stretch to Australia but said the market is quiet on Avocets targets. It could be anyone, quoted or private. Its shares have risen 46% to 168p since August.

Shares says: Bouncing back after restructuring with plenty of growth potential

Mine expansion update, click HERE

ProactiveInvestors One2One Forums

Thursday the 24th April 2008

The directors of Horizonte Minerals(AIM:HZM) , Medusa Mining (AIM:MML), and Freegold Ventures (TSX:ITF), will be hosting an investor presentation on Thursday the 24th April at 6pm with Q&A to follow.

After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

Registration is FREE, for further details : Click HERE



5:45pm for a prompt 6:00pm start at the Chesterfield Mayfair Hotel 35 Charles Street, Mayfair, W1J 5EB

Recent interview transcript, click HERE

New article and analysis, click HERE

Click HERE


The recent broader market sell-off has resulted in the share price of many fundamentally robust companies being re rated downward. As a result audacious consolidation attempts are growing in number. And with this in mind, gold focused Medusa Mining has been quick to provide comment with respect to Crosby Capital Limited’s proposal to make an unsolicited and conditional takeover offer.

The Medusa board says it has conducted an initial review of the proposed offer and believes that the offer is “inadequate and opportunistic”. It advises shareholders to take no action in relation to Crosby's proposed offer.....



For full article, click the link above.

Update click HERE

news, Click HERE

Geoff Davis interview with Proactiveinvestors.com
Click HERE

I was in the philippines for 2 month's this year, and there is a lot of red tape, if you want to get thing's done fast you have to pay an express charge [bribe ]

If there is just 1 letter wrong in a persons name it takes 3 to 4 months to change it, and the documents they want you to provide is massive and it is costly.

Increased resource news and analysis, click HERE

Canadian listing!

Click HERE

Looking good.

Excellent half year report.

Guaranteed 10% gain.1 for 10 free shares.

Nice Update....

Medusa Mining Limited ("Medusa" or the "Company"), through its Philippines
operating company Philsaga Mining Corporation ("Philsaga"), announces its
Quarterly Activities Report for the period ending 30 June 2010.

Highlights for the June 2010 quarter:

* Co-O Mine Quarterly production of 25,012 ounces at an average grade of
13.65 g/t at cash cost of US$182 per ounce and record annual production of
89,679 ounces

* Total cash and bullion at end of quarter of approximately US$62.0 million
(unaudited)

* Co-O Indicated Resources increased by 4% to 603,000 ounces and Inferred
Resources increased by 36% to 898,000 ounces

* Appointment of Mr Peter R. Jones as Non-executive Chairman and Mr Peter
Hepburn-Brown as Executive Director - Operations


Managing Director Geoff Davis commented:

"I am pleased with this quarter's production of 25,012 ounces and the record
production for the year of 89,679 ounces. Surface stockpiles and broken ore
underground augur well for achieving our production targets.

Following recent completion of the Co-O Mine two phase expansion program to the
production level of 100,000 annualised ounces, we will focus on stabilising the
operations for the next two quarters at production levels around 25,000 ounces
per quarter for the first half and then assess the possibility of incremental
production increases for the second half.

The Company is pleased with the new resource estimate at Co-O and intends to
maintain the total resources estimate at current levels on an annual basis, but
will actively continue drilling to seek exensional mineralisation outside the
current mine limits.

An exploration budget of US$20 million for the forthcoming year will ensure a
very active programme. Drilling has commenced on schedule at the extensive
Bananghilig Deposit and is underway at Saugon, highlighting both the short and
long term potential of the Company."

In line with the Company's size and future plans, the Board has been
strengthened with the appointment of a new Chairman and the recent appointment
of the Executvie Director of Operations."

29 July 2010

Waiting for move to main market which is immenent,and will make the shares more attractive to instituitions and a wider market. A dividend is a possibility. Very positive.

Free Medusa Mining Annual Company Report
Investor Presentation Update


TIDMMML

MEDUSA MINING LIMITED

ANNOUNCEMENT

13 August 2010


INVESTOR PRESENTATION
AUGUST 2010


Medusa Mining announces the update of its Investor presentation for various
venues in Sydney and Melbourne, during the week commencing 16 August 2010.
Please see the link at the end of this announcement.

Please find below Competent Persons' Consents in relation to resource and
reserve information which appears therein.

Medusa Mining Limited
Information in this report relating to Exploration Results has been reviewed and
is based on information compiled by Mr Geoff Davis, who is a member of The
Australian Institute of Geoscientists. Mr Davis is the Managing Director of
Medusa Mining Limited and has sufficient experience which is relevant to the
style of mineralisation and type of deposits under consideration and to the
activity which he is undertaking to qualify as a "Competent Person" as defined
in the 2004 Edition of the "Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves" and is a "Qualified Person" as
defined in "National Instrument 43-101" of the Canadian Securities
Administrators. Mr Davis consents to the inclusion in the report of the matters
based on his information in the form and context in which it appears.

Cube Consulting Pty Ltd
Information in this report relating to Mineral Resources has been estimated and
compiled by Mark Zammit of Cube Consulting Pty Ltd of Perth, Western Australia.
Mr Zammit is a member of The Australasian Institute of Mining & Metallurgy and
has sufficient experience that is relevant to the style of mineralisation and
type of deposit under consideration and to the activity which he is undertaking
to qualify as a Competent Person as defined in the 2004 Edition of the
"Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves" and is a "Qualified Person" as defined in "National Instrument
43-101" of the Canadian Securities Administrators. Mr Zammit consents to the
inclusion in the report of the matters based on his information in the form and
context in which it appears.

Crosscut Consulting
Information in this report relating to Ore Reserves is based on information
compiled by Declan Franzmann, B Eng (Mining), MAusIMM. Mr Franzmann is a
full-time employee of Crosscut Consulting. Mr Franzman has sufficient experience
which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which they are undertaking to qualify as
Competent Persons as defined in the 2004 Edition of the "Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves" and is a
"Qualified Person" as defined in "National Instrument 43-101" of the Canadian
Securities Administrators. Mr Franzmann consents to the inclusion in the report
of the matters based on his information in the form and context in which it
appears.


cyril

Bought these yesterday at 213p price as dropped from 300p on rumours of the main market listing, ban on mining and the non rumour of a big overhang of shares.