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Perseus Mining reports "outstanding" year in FY20 with EBITDA up 67%

Published: 23:30 25 Aug 2020 BST

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 a "very good year indicated by the results, particularly against a backdrop where lots of industries are struggling with COVID and things of that nature".

The company's EBITDA converted to profit after tax of $94 million "which was a somewhat extraordinary 1,146% better than what we achieved in the previous year. This converts to around 8.1 cents per share."

Around $213 million of cashflow was generated from gold operations, 46% up on the previous year, and Perseus had cash in bullion on the balance sheet at the end of the year of $238 million.

Perseus Mining welcomes record FY23 financial performance

Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) CFO Lee-Anne de Bruin talks Proactive through the company’s FY23 highlights. PRU reported revenue of $1.426 billion (up 27%) , EBITDA of $821.3 million (up 46%) and profit before tax of $568.8 million (up 103%). She says the results reflect the...

on 31/8/23