Perseus Mining exceeds FY23 gold production guidance

–News Direct–

Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) managing director and CEO Jeff Quartermaine talks Proactive through the companys key operating highlights for the June quarter and full 2023 financial year.

Quarterly gold production came in at 136,634 ounces. Gold production and all in sustaining costs significantly outperformed market production and cost guidance for the June 2023 half year and 2023 financial year.

Meanwhile, quarterly gold sales of 140,533 ounces were up 4% on the March 2023 quarter.

The company also reported robust quarterly cashflows, strengthening its net cash and bullion balance by US$51 million.

At the end of the quarter, Perseus held US$522 million in cash and bullion with zero debt.

In addition, Perseus total economic contribution to its host countries of Ghana, Cte dIvoire and Sudan was roughly US$158 million, representing roughy 58% of revenue during the three-month period.

Some of the quarters organic growth activities included mineral resource drill outs and feasibility studies for Yaours CMA Underground Project, which are progressing on schedule.

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Proactive Investors

Jonathan Jackson

+61 413 713 744

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