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Perseus Mining to 'comfortably' achieve half-year guidance after strong March quarter

Perseus Mining Limited (ASX:PRU) chief executive officer Jeff Quartermaine updates Proactive Investors on the gold producer's March quarter which saw the company progress towards generating free cashflow from its operations.
 
"It's been a very busy and productive quarter for us at Perseus ... we've been generating gold in line with our expectations and our costs are coming down," says Quartermaine.
 
He continues, "We've put ourselves into a position where we're comfortably going to achieve our guidance for the half year, in terms of production and costs."
 
Most of Perseus' quarterly gold production (66.5%) came from its Edikan mine in Ghana with the remaining 33.5% produced at its Sissingué mine in Côte d’Ivoire.

Quick facts: Perseus Mining Ltd

Price: 0.95 AUD

ASX:PRU
Market: ASX
Market Cap: $1.11 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