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Perseus Mining Limited ( (AU:PRU) ) has issued an announcement.
Perseus Mining reported strong performance in the December 2024 quarter, with gold production rising by 9% to 132,419 ounces and a cash balance of US$704 million. The company achieved a notable improvement in its All-In Site Cost (AISC), which decreased by 6% from the prior quarter. The average gold sales price increased by 7%, boosting cash margins and resulting in significant operating cash flow. Perseus has also made a final investment decision to develop the CMA underground project at Yaouré Gold Mine and is in negotiations for the Nyanzaga Gold Mine project in Tanzania. These developments affirm Perseus’s position as a leading mid-tier gold producer, with no debt and a strong financial position, poised for growth in the upcoming fiscal periods.
More about Perseus Mining Limited
Perseus Mining Limited is a mid-tier gold producer, operating three gold mines: Yaouré and Sissingué in Côte d’Ivoire, and Edikan in Ghana. The company focuses primarily on the extraction and production of gold, contributing significantly to the mining industry.
YTD Price Performance: 6.81%
Average Trading Volume: 42,809
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$3.44B
See more data about PRU stock on TipRanks’ Stock Analysis page.
