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PRECIOUS METALS

Medusa looks at 130,000oz in 2016

Posts a loss of $218M

Barry Avery
Inspection of core from exploration by Medusa on Mindanao Island in the Philippines.

Inspection of core from exploration by Medusa on Mindanao Island in the Philippines.

The total writedown, of $259.6 million, came from the combination of $187.3 million (development), $68.1 million (plant) and $4.13 million (mineral properties). Revenue, however, rose 46% to $123 million...

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