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Highlights

  • PRU’s H1FY25 revenue rose by 18.98% YoY while EBITDA surged by 25.73% YoY.
  • The company repurchased 593,471 shares on 27 June 2025, bringing total buybacks to over 20.6 million out of the planned 40 million shares.
  • PRU projects average AISC of USD 1,400–1,500 per ounce with minimal ±10% annual variation, indicating disciplined asset management.

Perseus Mining Limited (ASX:PRU) is a multi-mine, gold-focused company engaged in discovering, acquiring, developing, and operating gold assets in Africa, along with ongoing mineral exploration and evaluation activities in the region.

In the first half of the financial year 2025 (H1FY25), the company’s revenue rose by 18.98% YoY to USD 581.79 million and gold production reached 253,709 ounces at a competitive all-in sustaining cost of USD 1,162 per ounce. During the reported period, EBITDA surged by 25.73% YoY to USD 352.71 million, up from USD 280.54 million in H1FY24. Operating cash flow increased by 17.21% YoY to USD 247.56 million in 1HFY25, driven by after-tax earnings of USD 201 million, and a debt-free balance sheet with ample liquidity supported the company’s financial position and dividend growth.

Business update

Through an ASX update dated 30 June 2025, the company informed that it continued its on-market buy-back, repurchasing 593,471 shares on 27 June 2025, bringing total buy-backs to over 20.6 million shares out of a planned maximum of 40 million.

Company Outlook

In FY25, the company targets gold production of 470,000–505,000 ounces, with FY26–FY30 annual gold output targeted at 2.6-2.7 million ounces, averaging 515,000–535,000 ounces from four African mines. The company projects average AISC between USD 1,400–1,500 per ounce with minimal ±10% annual variation, reflecting disciplined asset management for five-year period.

PRU has allocated approximately USD 878 million in development capital, excluded from AISC, to sustain long-term production growth. At a gold price of USD 2,400, operating cash margins are expected to exceed USD 500 per ounce across all mines.

Top 10 Shareholders

The top 10 shareholders collectively hold approximately 36.99% of the total shares, with Van Eck Associates Corporation and Dimensional Fund Advisors, L.P. owning the largest stakes at around 7.65% and 6.07%, respectively.

Stock Information

The stock price has declined by approximately 12.49% over the past month and increased about 34.09% over the last six months. In the past one year, PRU’s share price has increased by almost 48.94%.

The stock has a 52-week high of AUD 4.13, recorded on 3 June 2025 and 52-week low is AUD 2.27, recorded on 1 July 2025. As of 3 July 2025, PRU’s share price closed at AUD 3.5 per share.

Support and Resistance Summary

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 3 July 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.