Perseus Mining (ASX:PRU) H1 Profit Up 22%, Targets FY25 Growth with Yaouré Underground Development

Wed 14 May 25, 12:08 PM | Team Kalkine

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Highlights

PRU’s profit after tax increased by 22% YoY to USD 201 million in H1FY25.

The company reaffirms gold production guidance of nearly 470,000 – 505,000 ounces in FY25, with an AISC of USD 1,250 – 1,280 per ounce.

CMA underground mines at Yaouré and Nyanzaga project are expected to extend mine life beyond FY25.

Perseus Mining Ltd (ASX:PRU) is a West African-focused gold production, development, and exploration company. The company operations collectively enable it to produce over 500,000 ounces of gold annually, positioning it as a mid-tier gold producer.

In the first half of the financial year 2025 (H1FY25), PRU’s profit after tax increased 22% year-over-year (YoY) to USD201.08 million and operating cash flow increased 17% YoY to USD 248 million. The average gold price rose by 13% in the first half, driven by increased gold production during the period.

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