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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: 1.03 AUD

ASX:PRU
Market: ASX
Market Cap: $1.2 billion
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Perseus Mining reports 'another excellent quarter' with production up and...

Perseus Mining Ltd's (ASX:PRU) (TSE:PRU) (FRA:P4Q) (OTCMKTS:PMNXF) Jeff Quartermaine tells Proactive it's been 'another excellent quarter' for the group. "Production's up about 3% and costs down about 7% quarter on quarter. "This is the 11th consecutive quarter that we've produced very...

on 20/10/19

2 min read