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Perseus Mining delivers another golden set of quarterly results

Perseus Mining Limited (ASX:PRU) (TSE:PRU) managing director and CEO Jeff Quartermaine updates Proactive on the company’s 12th successive impressive, gold-lined quarterly report.

He said it was an excellent result with the two West African operations producing more than 69,000 ounces of gold with around 70% from Edikan and 30% from Sissingué.

AISC was approximately US$962 per ounce and the actual production cost was about US$843, generating a fairly healthy margin given the current gold prices.

He said the margin on each ounce produced was around US$543 per ounce, giving the company US$31.3 million for the quarter.

Quartermaine said the December quarterly result set the company up very well for the remainder of the 2020 financial year.

Quick facts: Perseus Mining Ltd

Price: 1.4425 AUD

ASX:PRU
Market: ASX
Market Cap: $1.7 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...

3 weeks, 6 days ago

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