Q1 production report will be released this week.
It should provide details of further progress at the Co-O mine with improving grade resulting from the new payment system to stope miners, L8 Service shaft progress and possible all time record quarterly production with lower costs.
Medusa has started a 15,000-20,000 meter drill program this month on the lower levels of Co-O and this program will solely be focusing on resource expansion. One analyst thinks Medusa will be able to add 400,000-500,000 ounces of gold over the next two years.
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