Medusa Mining, through its Philippines operating company Philsaga Mining Corporation, has completed the annual review and update to its mineral resource and ore reserve estimates.
Total inferred and indicated resources for the Co-O Mine are now estimated at 4.34 million tonnes at a grade of 10.1 grams/tonne gold for a total of 1.41 million ounces, compared to the estimate reported on August 8, 2013, of 6.88 million tonnes @ 9.9 grams/tonne for 2.19 million ounces.