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Perseus Mining Limited (AU:PRU)
:PRU
Earnings Data
Report Date
Feb 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 27, 2024
|% Change Since: 14.40%
|Next Earnings Date:Feb 23, 2025
Earnings Call Sentiment|Positive
Perseus Mining's earnings call highlighted strong operational and financial performance, with significant increases in production, improved cost efficiencies, and a solid cash position. The company is strategically investing in new projects like the CMA underground mine and Nyanzaga Gold project, which positions it well for future growth. However, there are some operational challenges, particularly with reconciliation issues at Yaoure and production decline at Sissingué. Overall, the positive developments and strong financial health outweigh the challenges.Company Guidance
In the recent conference call, Perseus Mining reported strong operational performance for the December 2024 quarter, achieving a gold production of 132,419 ounces, which is a 9% increase from the previous quarter. The company recorded improved all-in site costs at just over US$1,100 per ounce, down US$74 from September, and benefited from a rise in average sale price by US$181 to US$2,430 per ounce. This resulted in an average cash margin of US$1,303 per ounce, a 24% increase, leading to a notable cash flow of US$173 million. By the end of the quarter, Perseus boosted its cash and bullion balance by US$61 million to US$704 million, or A$1.12 billion, maintaining a net cash position with no debt. Looking forward, Perseus is guiding production between 215,000 to 250,000 ounces for the next half year, while continuing efforts to maintain low costs and prepare for future growth projects, such as the Nyanzaga Gold project in Tanzania and the CMA underground mine development at Yaouré.Strong Gold Production and Financial Performance
Perseus Mining delivered a strong gold production result with 132,419 ounces, a 9% increase from the previous quarter. All-in site costs decreased by $74 to just over $1,100 per ounce. The average sale price increased to $2,430 per ounce, resulting in a cash margin of $1,303 per ounce, a 24% increase, and a notional cash flow of $173 million, ending with a cash balance of $704 million with no debt.
CMA Underground Mine Development
The company decided to invest in the CMA underground mine development at the Yaoure gold mine in Cote d'Ivoire. Byrnecut has been appointed as the underground mining contractor, and the project is expected to begin producing gold by April 2027.
Nyanzaga Gold Project Progress
Although progress at Nyanzaga Gold project in Tanzania was slower than expected, the project remains on track to produce first gold by January 2027. Discussions with the Tanzanian government are advancing well to clarify specific clauses in the framework agreement.
Strong Operational Performance at Edikan
Edikan mine produced nearly 50,000 ounces of gold with consistently low costs, making it one of the lower-cost operations globally. Significant exploration efforts are underway to extend mine life.
Solid Cash Position and Shareholder Returns
The company maintains a strong cash position of $704 million with no debt. An interim dividend and share buyback plan are in place, with approximately 12% of the buyback completed by the end of December.
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AU:PRU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AU:PRU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 27, 2024 | AU$2.50 | AU$2.65 | +5.92% |
| Feb 22, 2024 | AU$1.65 | AU$1.64 | -0.60% |
| Aug 30, 2023 | AU$1.80 | AU$1.82 | +0.78% |
| Feb 21, 2023 | AU$1.82 | AU$1.81 | -0.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Perseus Mining Limited (AU:PRU) report earnings?
Perseus Mining Limited (AU:PRU) is schdueled to report earning on Feb 23, 2025, TBA Not Confirmed.
What is Perseus Mining Limited (AU:PRU) earnings time?
Perseus Mining Limited (AU:PRU) earnings time is at Feb 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Perseus Mining Limited stock?
The P/E ratio of Perseus Mining Limited is N/A.
What is AU:PRU EPS forecast?
Currently, no data Available
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