Medusa finance chief strikes again

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

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.

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