Perseus Mining (ASX: PRU) produces 132,804 ounces of gold in Q1 FY24

Tue 28 Nov 23, 11:38 PM | Team Kalkine

Image source: Roman Bodnarchuk

Highlights

Perseus Mining is an Australian mining firm which operates three gold mines in Africa

The company has increased interest in OreCorp to19.9%

Van Eck Associates Corporation has the highest stake in the firm with a shareholding of ~9.89%

Perseus Mining Limited (ASX: PRU) is an ASX-listed mining firm, which was established in 2004. The company is focused on identifying, acquiring and developing a portfolio of producing assets in Africa and manages three mines in West Africa. The multi-mine, multi-jurisdictional gold-focused company is also focused on mineral evaluation and exploration activities in the region.

The AUD 2.41 million market cap company registered a revenue growth of 27% YoY in the financial year 2023 (FY23) to 1,426.4 million, while the profit after tax surged by 70% YoY to AUD 476.7 million. During the reported period, production from the three gold mines in West Africa was above the targeted rate. Moreover, higher gold prices, sustained performance from Yaoure and increased production at Edikan drove the yearly performance.

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