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Perseus Mining delivers another golden set of quarterly results

Perseus Mining Limited (ASX:PRU) (TSE:PRU) managing director and CEO Jeff Quartermaine updates Proactive on the company’s 12th successive impressive, gold-lined quarterly report.

He said it was an excellent result with the two West African operations producing more than 69,000 ounces of gold with around 70% from Edikan and 30% from Sissingué.

AISC was approximately US$962 per ounce and the actual production cost was about US$843, generating a fairly healthy margin given the current gold prices.

He said the margin on each ounce produced was around US$543 per ounce, giving the company US$31.3 million for the quarter.

Quartermaine said the December quarterly result set the company up very well for the remainder of the 2020 financial year.

Quick facts: Perseus Mining Ltd

Price: 1.24 AUD

Market: ASX
Market Cap: $1.52 billion

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Perseus Mining Ltd's (ASX:PRU) (TSE:PRU) (OTCMKTS:PMNXF) Jeff Quartermaine talks Proactive's Andrew Scott through its December quarter highlights. He says Edikan, Sissingué and Yaouré gold mines all contributed to them maintaining its record of consistently strong operating performances in the...

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