Perseus Mining Limited (AU:PRU) has released an update.
Perseus Mining Limited reported a solid performance in the March 2024 quarter, with gold production reaching 127,471 ounces and a total production of 389,048 ounces for the financial year. Despite a slight increase in All-In Site Cost to US$1,091 per ounce, the company achieved a robust average gold sales price of US$2,025, leading to a substantial quarterly cash flow of US$119 million. The firm remains debt-free with a strong cash and bullion balance, and has signed a cooperation agreement to explore opportunities in the Nubian and Arabian Shield regions.
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