next day up $8.65-$8.75, page-5

http://www.proactiveinvestors.co.uk/columns/broker-spotlight/5185/broker-roundup-aggreko-kenmare-resources-range-resources-medusa-mining-5185.html

Medusa Mining (LON:MML, ASX:MML) caught the attention of the City's brokers this morning as it issued a strong quarterly progress report.

The company said that its new plant at the Co-O mine in the Philippines will open in the middle of 2013 as it revealed it was on track for an annualised rate of production of 100,000 ounces of gold a year.

"We believe there is further upside, given the company's enviable cash margin and expansion plans over the medium term,? said Asa Bridle of Seymour Pierce.

Fairfax, Medusa's broker, is a buyer up to 549 pence. In a note to clients today it said: ?The Co-O mine continues to deliver to plan as management keep operations running smoothly and deliver on promises.