Perseus Mining's Gold Output Rises in Fiscal Q1; Shares Nearly Hit 13-Year High

MT Newswires Live10-23

Perseus Mining (ASX:PRU) produced 121,290 ounces of gold in the first quarter of fiscal 2025 ended September, up from 120,929 ounces in the three months to June, according to a Wednesday filing with the Australian bourse.

The mining company sold 108,894 ounces in the September quarter, compared with 141,930 ounces in the prior three-month period.

Perseus Mining said it is on track to achieve its market guidance of 220,000 ounces to 260,000 ounces of gold output at an all-in site cost of $1,230 to $1,330 per ounce for the first half of fiscal 2025 and 468,400 ounces to 508,400 ounces at $1,182 to $1,223 per ounce for the calendar year 2024.

The company's shares were up more than 1% in recent Wednesday trade and earlier hit their highest since December 2011.

Price (AUD): $2.97, Change: $+0.035, Percent Change: +1.19%

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