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.

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.

Was fortuate to get in at bottom 206p,explaunation why it's cheap?
cyril


from the T1ps gold fund August newsletter

Medusa Share Price slide

Many of us have been left wondering why a stock patently worth 300p, 400p or more has been sliding back towards 200p in recent weeks. In part - as we noted above - all gold stocks have slipped back with the most liquid hit hardest. Medusa is liquid.

Admittedly Medusa has scored one or two minor own goals, notably delays in moving from AIM to the main market. But we understand that this issue will be resolved soon and at an operational level it is clearly delivering. It has cash and is adding to its hoard at a rate of knots. It is expanding its resource. So what is the problem?

The problem is nothing to do with the Co-O mine. It is quite simply that two Australian institutions are - for reasons relating to them not to Medusa - selling their entire holding. They have been slipping out shares for weeks and still have (at the last count) 6 million to go. There are two possible near term outcomes. Either a drip drip of shares will continue for a number of weeks, or (more likely) Medusa will attempt to place out the remaining 6 million. If it is the former we will not see 250p or 300p for a while. If it is the latter the price will snap back very quickly.

None of us are smart enough to know when the shares will bounce so you just have to take a view on value. The shares are very cheap at 216.5p and so one just has to buy, sit back and wait. A market capitalisation of 406 million does not reflect the value of a mine producing at a headgrade of 12-15g/t which will produce 130,000 oz of gold ( at sub $200 oz) next year so throwing of at least 60 million of free cashflow. The company has plenty of cash and exploration upside.

So you know our view. We have bought more. We wait. We are not clever enough to call the bottom but we are patient and patience will have a clear reward.

Medusa to pay a dividend,going great guns in Aussie .
cyril

Looks set for 300p soon.....well,... by the end of the year.....

NOTICE OF GENERAL MEETING

Medusa Mining Limited ("Medusa" or the "Company") advises that a General Meeting
("GM") will be held on Wednesday, 6 October 2010, commencing at 10.00 am (WST).

The GM will be held at Esplanade River Suites, 112 Melville Parade, Como,
Western Australia.

The Notice of the General Meeting and Explanatory Statement will be dispatched
to shareholders of the Company today and will be available for viewing on the
Company's website shortly
cyril

Another yummy rise.....

The finance boss of Philippines-focused gold miner Medusa Mining has spent 65,000 topping up his holding in the company.

Roy Daniel took 25,000 shares at A$4.44 (263p) a time and now has about 1.4m, which represents nearly 1% of the company.

Shares in Medusa Mining have been performing well recently, helped by the strong gold price.

In July the company celebrated an uplift in the resource estimate at its Co-O mine in the Philippines.

Super-dooper increases here.....one to pile into...

A propectors dream,with a bag of gold at the end.

Pushing ever higher...the more gold increases, the more producers selling at spot will increase in value !.