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.