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Perseus Mining ( (AU:PRU) ) just unveiled an update.
Perseus Mining reported a strong March 2026 quarter, with group gold output rising 21% from the previous period to 107,144 ounces and all-in site costs easing to US$1,748 per ounce. Higher production and a sharply improved realised gold price of US$4,143 per ounce lifted notional operating cash flow to US$252 million, while cash and bullion increased to US$817 million, supplemented by US$254 million of liquid listed securities.
Operationally, first gold was produced from the CMA Underground mine at Yaouré and development of the Nyanzaga project remained on schedule, with ore reserves there boosted 73% to 4.0 million ounces and first production targeted for January 2027. Perseus also reshaped its growth pipeline by acquiring a 9.9% stake in Aurum Resources and agreeing to sell a 70% interest in the Meyas Sand Gold Project for US$260 million in cash, while confirming full-year production and cost guidance and reporting no fuel supply disruptions despite regional geopolitical tensions.
The most recent analyst rating on (AU:PRU) stock is a Buy with a A$7.40 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.
More about Perseus Mining
Perseus Mining is a West African-focused gold producer operating three mines in Côte d’Ivoire and Ghana, including Yaouré, Sissingué and Edikan. The company generates revenue from gold production and sales, and is expanding its portfolio with the Nyanzaga project while actively managing its asset base and regional partnerships.
Average Trading Volume: 5,208,496
Technical Sentiment Signal: Buy
Current Market Cap: A$7.63B
For a thorough assessment of PRU stock, go to TipRanks’ Stock Analysis page.