viewPerseus Mining Ltd

Perseus Mining reports "outstanding" year in FY20 with EBITDA up 67%

Perseus Mining Limited (ASX:PRU) (TSE:PRU) (OTCMKTS:PMNXF) has returned financial results described as "outstanding" in the 2020 financial year with EBITDA of $274 million, which was 67% higher than the previous year.

Managing director and CEO Jeff Quartermaine told Proactive that it had been a "very good year indicated by the results, particularly against a backdrop where lots of industries are struggling with COVID and things of that nature".

The company's EBITDA converted to profit after tax of $94 million "which was a somewhat extraordinary 1,146% better than what we achieved in the previous year. This converts to around 8.1 cents per share."

Around $213 million of cashflow was generated from gold operations, 46% up on the previous year, and Perseus had cash in bullion on the balance sheet at the end of the year of $238 million.

Quick facts: Perseus Mining Ltd

Price: 1.165 AUD

Market: ASX
Market Cap: $1.43 billion

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on 21/1/21

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