Improved December quarter performance lifts Perseus Mining shares
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More news: Shares in Perseus Mining are up 3.5% to $2.83 after the gold producer lifted production in its second quarter, and reaffirmed it is on track to achieve full-year guidance.
Perseus Mining lifts second quarter production
The news: Gold producer Perseus Mining has lifted production in its second quarter, keeping it on track to achieve full-year guidance.
The numbers: Gold production for the December quarter improved 9% on the previous quarter to 132,419 ounces, taking half-year output to 253,709 ounces, near the top end of the forecast range for the first half.
All-in site cost came in at USD1,127 ($1,802.5) per ounce for the quarter, down from USD1,201 an ounce in the previous three months.
The context: Gold sales increased by 20% to 136,623 ounces, with average sales prices up 7% quarter on quarter to USD2,430 per ounce.
Second-half production is expected to be slightly lower, but the group affirmed FY25 production guidance for 469,709 to 504,709 ounces at USD1,250 to USD1,280 per ounce. The miner operates three sites across Côte d'Ivoire and Ghana.
The source: ASX announcement
