Perseus Mining Shines with Strong Gold Production in Q3 FY2024

Perseus Mining reported exceptional gold production of 127,471 ounces in Q3 FY2024 from its three mines in West Africa, with a financial year-to-date total of 389,048 ounces. Across its operations, the company achieved a weighted average production cost of US$923 per ounce and an all-in site cost of US$1,091 per ounce. Despite lower gold sales in the March quarter, the company’s realized gold price increased, resulting in an average cash margin of US$934 per ounce and notional operating cashflow of US$119 million. Looking ahead, Perseus anticipates continued operational strength, maintaining its gold production and AISC guidance for the remaining June 2024 half year.

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