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ASX:PRU TSX:PRU OTC:PMNXF

Perseus Mining Ltd

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Market:
ASX
Market Cap:
$1.72 billion
Price
1.41 AUD
Change
-5.70%
52 weeks high
1.72
52 weeks low
1.06

In brief

Perseus Mining Ltd unveiled another record quarter with both half and full-year gold production exceeding the top end of guidance for the period ending June 30, 2021, and continues on its stated trajectory of producing 500,000 ounces annually.

In the June quarter, the company recorded production of 102,788 ounces, up 16% on the March 2021 quarter and up 50% on the December 2020 quarter with all three operating mines - Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire - performing strongly.

Half-year gold production stood at 191,246 ounces and FY2021 gold production was 328,632 ounces, with both numbers exceeding the top end of their respective production guidance ranges while quarterly gold sales increased 23% to 106,899 ounces at an average realised gold price of US$1,652 per ounce, 1.5% more than the prior quarter.

Snapshot

  • Perseus Mining has target price raised by Citi Research after FY2021 net profit rises to A$139 million
  • Perseus Mining reports another record quarter with gold production exceeding top end of guidance
  • Perseus Mining welcomes 48% increase in FY21 net profit and declares maiden dividend