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Perseus Mining Ltd

Perseus Mining reveals increasing production and decreasing costs in Quarterly Report

Perseus Mining Limited (ASX:PRU) (TSX:PRU) chief executive Jeff Quartermaine tells Proactive Investors all the highlights contained in the gold producer's just-released Quarterly Report.

Quartermaine says the report, "validates that the strategy that we've been employing for some time to transform from being a single-mine producer to a multi-mine producer is working very well, and we're delivering excellent outcomes as a result."

Record production has been recorded on a quarterly, half-yearly and annual basis, whilst costs have been "dropping very significantly," according to Quartermaine.

The company is in a strong cash-positive position.

Perseus is progressing well towards its stated goal of producing 500,000 ounces of gold annually from three operating mines in West Africa in the next few years.

Quick facts: Perseus Mining Ltd

Price: $0.76

Market: ASX
Market Cap: $881.83 m
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Perseus Mining highlights golden milestones for June quarter

Perseus Mining managing director and CEO Jeff Quartermaine speaks to Proactive Investors about the latest quarterly update with gold production reaching more than 64,000 ounces. “This has meant half yearly production figures of 131,269 ounces are well above the guidance range we gave to...

on 17/7/19

2 min read