Perseus Mining has “outstanding” FY20 with EBITDA up 67% and after-tax profit 12.5 times higher
The company achieved an increase in sales revenue of 16% to A$591.2 million and a decrease in cost of sales of 8% to A$317.4 million.
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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Perseus Mining on track with West African growth strategy of 500,000 ounces annually
Beyond continuing strong production at its Edikan and Sissingué gold mines, the company is focused on the development of its Yaouré gold mine by the end of the year.
Perseus Mining continues to advance Yaouré Gold Project construction; first gold pour on track for December 2020
Yaouré Gold Project remains on schedule to achieve the stretch target of first gold pour in December 2020, subject to no COVID-19 related delays.
Perseus Mining delivers robust June quarter with gold production up and costs down
The company’s Edikan and Sissingué operations performed strongly over the quarter and development at Yaouré is progressing on schedule and on budget.
Perseus Mining completes accommodation rooms at Yaouré Gold Project
The company remains on schedule to achieve the stretch target of first gold pour in December 2020 from what will be its third operating mine.
Perseus Mining kicks goals with sustainability efforts in West Africa
The company's first Sustainability Report covers its three operations: Edikan Gold Mine in Ghana, Sissingué Gold Mine and the developing Yaouré Gold Mine, both in Côte d’Ivoire.
Perseus Mining director shows faith in gold strategy with on-market purchase
The company’s two producing gold mines, Edikan in Ghana and Sissingué in Côte d’Ivoire, produced a combined 57,983 ounces of gold during the March quarter.
Perseus Mining remains on target to achieve first gold pour in December 2020: video
The company’s two producing gold mines, Edikan in Ghana and Sissingué in Côte d’Ivoire, produced a combined 57,983 ounces of gold during the March quarter.
Perseus Mining added to S&P/ASX 200 Index in rebalance
Paradigm Biopharmaceuticals has been added to the S&P/ASX 300 Index while Alkane Resources, De Grey Mining, Legend Mining, Greenland Minerals and Salt Lake Potash are additions to the All Ordinaries index.
Perseus Mining has potential for valuation upside from Exore acquisition: Canaccord Genuity
In Canaccord’s view, the most obvious synergy presented by the acquisition is the opportunity to exploit high-grade, near-surface free-milling gold resources.
Perseus Mining Exore acquisition will provide near-mine gold ounces
The company has entered a scheme of arrangement to acquire Exore Resources in an all-share transaction that values Exore at around A$59.8 million.
Perseus Mining development work at Yaouré Gold Project 52% complete
The company’s two producing gold mines, Edikan in Ghana and Sissingué in Côte d’Ivoire, produced a combined 57,983 ounces of gold during the March quarter.
Perseus Mining achieves nine consecutive quarters of net cash generation: Hartleys
Net cash added in the March quarter, before US$29 million Yaoure capital costs, was US$15 million (A$23 million).
Perseus Mining video highlights excellent progress on development of Yaouré Gold Mine
The company’s two producing gold mines, namely Edikan in Ghana and Sissingué in Côte d’Ivoire, produced a combined total of 57,983 ounces of gold during the March 2020 quarter.
Perseus Mining gold operations continue to deliver strong cash flows
The company has implemented a series of protocols at each of its operating sites aimed at eliminating the possibility of COVID-19 infections.
Perseus Mining releases March video update on development of Yaouré Gold Mine
Construction of the company’s third West African gold mine remains on schedule.
Perseus Mining assists in combating COVID-19 with donation to host communities in West Africa
The company will assist host governments and communities around its operations to maintain safe and healthy living conditions for locals and staff.
Perseus Mining has target price raised by Canaccord; Macquarie maintains outperform
Canaccord Genuity has increased its target price for Perseus by 19% to $1.90 on account of updating its Edikan Gold Mine model assumptions for the new life of mine plan.
Perseus Mining updates life of mine plan for Edikan Gold Mine
The updated LOMP involves mining and processing of ore from three open pits and one underground mine.
Perseus Mining applies Ebola outbreak experience to COVID-19 pandemic
Gold production and cost guidance previously provided by Perseus for the half year and full financial year ending June 30 2020 remains valid based on production to date and internal forecasts to the end of the period.