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Perseus Mining increases gold production and reduces costs; aims for 500,000 ounces per annum

The company achieved an EBITDA of $164 million and net profit after tax of $8 million in financial year 2019.

Perseus Mining Ltd - Perseus Mining increases gold production and reduces costs; on target to 500,000 ounces per annum
The Sissingué and Edikan gold mines continue to deliver

Perseus Mining Ltd (ASX:PRU) is on target to steadily grow its gold production to about 500,000 ounces per annum by financial year 2022.

The West African gold producer, developer and explorer has a strong balance sheet and is well funded to pursue its growth strategy.

Perseus recently presented at the Denver Gold Forum, one of the world’s most prestigious precious metal equities investment forums.

Shares have been up almost 5% today to an intra-day high of 78 cents.

Two producing gold mines

Simple corporate strategy for value creation

Improved operating performance

2020 financial year market guidance

Improving financial position

Development asset

Quick facts: Perseus Mining Ltd

Price: 1.355 AUD

ASX:PRU
Market: ASX
Market Cap: $1.6 billion
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Perseus Mining reports "outstanding" year in FY20 with EBITDA up 67%

Perseus Mining Limited (ASX:PRU) (TSE:PRU) (OTCMKTS:PMNXF) has returned financial results described as "outstanding" in the 2020 financial year with EBITDA of $274 million, which was 67% higher than the previous year. Managing director and CEO Jeff Quartermaine told Proactive that it had been...

4 weeks, 2 days ago

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