Perseus Mining achieves near-mine exploration success in Ghana with potential to extend Edikan life
Resource definition drilling is ongoing and Perseus expects to complete a maiden mineral resource estimate for Nkosuo early in the June 2022 quarter.
Company
Perseus Mining Ltd
ASX:PRU
Perseus Mining Ltd (PRU:ASX) operates three gold mines in Africa: Edikan in Ghana, Sissingué and Yaouré in Côte d’Ivoire. The company acquired Orca Gold and now owns 70% of the Meyas Sand Gold Project in Sudan (formerly 'Block 14 Development Project').
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ASX recoups its Omicron losses as iron ore prices could surge sooner rather than later
“Steel margins lifting is a positive sign from the demand side which has coincided with positive news from the steel output side,” said Vivek Dhar, director of mining and energy commodities research at the Commonwealth Bank.
Perseus Mining remains a top pick in Canaccord’s September quarter precious metals recap
Canaccord expects the company to maintain positive momentum into the December quarter with strong production and cost performance at the Yaoure mine.
Perseus Mining remains top gold pick in Canaccord’s coverage
Although the group’s production metrics underwhelmed in the September quarter, all-in sustaining costs (AISC) were a bright spot on the balance sheet.
Perseus Mining continues to set quarterly gold production records while prioritising ESG
Perseus Mining capped another strong quarter with a new record for gold production at Yaouré, producing 64,558 ounces of gold at an AISC of US$671 per ounce which generated a notional cashflow of US$65.8 million.
Perseus Mining deemed a top pick by Canaccord Genuity with long-term 3.7% gold price increase predicted
“We expect the Yaouré ramp-up to drive improved production in the short term, with 2HCY21E (second half, calendar year 2021 end) guidance implying an annualised run-rate of 500,000 ounces per annum (+50% year on year)," says Canaccord.
Perseus Mining confident of Yaouré gold inventory growth after latest drilling success
Positive exploration results at Yaouré in Côte d’Ivoire come one day after similarly positive results at the Edikan Gold Project in Ghana.
Perseus Mining finds exploration success in Ghana amid Nkosuo prospect drilling
The gold miner and explorer is ramping up to produce 500,000 ounces of gold per annum at its three West African operations.
Perseus Mining has target price raised by Citi Research after FY2021 net profit rises to A$139 million
Perseus completed the construction and commissioning of its third gold mine, Yaouré, in FY2021 while maintaining steady operating performance at its two other gold mines, Sissingué and Edikan.
Perseus Mining increases net profit by 48% in FY2021 to $139 million and declares maiden dividend
The company also increased its FY2021 EBITDA by 11% on the previous financial year to A$303.1 million.
Perseus Mining boosts Yaouré gold production forecast to 1.43 million ounces over life of mine
Perseus says Yaouré will produce 260,000 ounces of gold per year, making up more than half of the company’s stated annual goal of 500,000 ounces.
Perseus Mining named “top pick” by Cannacord
Cannacord doubled down on its support for Perseus this week, tweeting “We continue to see @PerseusMining as a sector standout, noting expectations for strong FCF generation and potential for capital management initiatives."
Perseus Mining’s positive outlook makes this a gold sector standout: Canaccord Genuity
Canaccord has lifted its target price to A$2.00 based on upgraded FY22 estimates and potential for mine life extensions at Sissingue.
Perseus Mining reports another record quarter with gold production exceeding top end of guidance
In the June quarter, it recorded gold production of 102,788 ounces, up 16% on the March 2021 quarter and up 50% on the December 2020 quarter.
Hope renewed as gold breaks through US$1,900 for first time since January
The increase in the gold price comes on the back of increased investor interest, lower bond yields and a weaker US dollar.
Perseus Mining strengthens board and improves gender diversity with appointment of Amber Banfield
In terms of gender balance, two of Perseus’ directors are women representing approximately 30% of directors.
Perseus Mining chalks improvements in sustainable development as it races towards 500,000 ounces of annual gold production by 2022
Highlights of the report include zero fatalities in the history of the company and significant benefits for its host countries, including 96% of its employees coming from Ghana and Côte d’Ivoire.
Perseus Mining among Canaccord’s top Australian stock picks for June quarter 2021
The publication, Top Australian Stock Picks – June Quarter 2021, contains Canaccord’s top 16 stock picks across a diverse group of sectors.
Perseus Mining on track to meet FY21 gold guidance, according to Citi Research and Credit Suisse
Production at the Yaouré mine ramped up in the March quarter and the company is confident of achieving its 2H guidance of 175-190,000 ounces at US$950-1150/ounce.
Perseus Mining annual golden goal of 500,000 ounces tracking “exceptionally well”
The company has released its March quarterly report, which showed solid increases in both gold production and sales.