Meridian Gold Inc. (fka MDG)

[NYBob]

Welcome to Meridian Gold Inc. -

Meridian Gold Announces Record Second Quarter 2007 Financial -
Results and Exploration Update -
Tuesday July 24, 5:10 pm ET
(All dollar amounts in U.S. currency)

RENO, Nev.--(BUSINESS WIRE)--Meridian Gold Inc. ("Meridian Gold" or the "Company") (TSX:MNG - News; NYSE:MDG - News) is pleased to announce record results for the quarter ended June 30, 2007. Meridian Gold continues its commitment to be The Premier Value Gold Mining Company, with a focus on returns to all stakeholders and a dedication to responsible mining.

HIGHLIGHTS:
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- Record revenues of $84.3 million on sales of 78,500 ounces of
gold and 2.2 million ounces of silver
- Record net earnings of $24.5 million, or $0.24 per share
- Record operating cash flow of $36.5 million
- Consolidated gold production of 80,400 ounces at a negative
net cash cost of $(58) per ounce fueled by record quarterly
silver production of 2.3 million ounces and production of
870 tonnes of zinc
- Extended the strike length of the Al Este vein at El Penon to
2.85 kilometers
- Continued to accelerate the resource conversion at Minera
Florida
- Extended mineralization at the Company's 100% Mercedes
project in Mexico
- Commenced production at the Company's Rossi/Storm project
with Barrick Exploration
- Entered into a fully underwritten US$300,000,000 Revolving
Credit Facility with UniCredit Group
- Commenced work towards a pre-feasibility study at the
Amancaya deposit south of El Penon
- Obtained two key environmental approvals at El Penon
- Continued Minera Florida expansion plans to bring total mill
throughput to 65,000 tonnes per month and annual gold
production to over 100,000 ounces by the end of 2008
- Began metallurgical testing at the Company's 56.7% Jeronimo
joint venture project with CODELCO


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