Perseus Mining's quarterly financial results

Perseus Mining (ASX:PRU) reported solid results for the September 2024 quarter. The company achieved a strong cash and bullion balance of US$643 million. Perseus produced 121,290 ounces of gold at an AISC of US$1,201 per ounce. The average sales price increased to US$2,249 per ounce despite a decrease in gold sales.

Perseus Mining's strategic outlook and growth plans

Perseus Mining achieved strong financial and operational performance in the September 2024 quarter, with significant gold production and a robust cash and bullion balance. The company continues to focus on maintaining low costs with an AISC of US$1,201 per ounce. Perseus is advancing key projects like the CMA Underground at Yaouré and the Nyanzaga Gold Project, aiming for Final Investment Decisions by year-end. The acquisition of a stake in Predictive Discovery Limited aligns with its strategic goals. Perseus remains committed to sustainability, contributing significantly to local economies. The company maintains market guidance for H1 FY25 and CY24, projecting gold production between 220,000 to 260,000 ounces. Perseus's strong financial position, with no debt and a substantial hedged position, supports its long-term strategic plans.

Executive insights on recent performance

Perseus's robust performance in the September quarter is a testament to our operational efficiency and strategic focus. We have maintained strong production levels while managing costs effectively, ensuring continued financial strength and positioning ourselves well for future growth opportunities.