The following is a summary of the Perseus Mining Limited (PMNXF) H1 2024 Earnings Call Transcript:

Financial Performance:

• Perseus Mining reported H1 gold production of around 262,000 ounces at an all-in site cost of $979 per ounce, increasing the net cash and bullion balance to $642 million.

• Revenues for the period reached $489 million, a growth of 10%, with a profit after tax increase of 21% to $165 million.

• Despite higher taxes, operating cash flows increased by 2%, and net tangible assets increased 16% to $1.3 billion.

Business Progress:

• In terms of business development, Perseus has strengthened their position as a profitable mid-tier gold producer and continues to seek growth opportunities, with an undrawn capacity of $300 million.

• It has established a joint venture with a Saudi Arabian conglomerate for exploration in the Arabian and Nubian Shield and reported promising exploration results at Yaouré and Sissingué mines.

• Acquisition opportunities in Ghana are currently under consideration, alongside a potential takeover of OreCorp, owner of the Nyanzaga project in Tanzania.

More details: PERSEUS MINING LIMITED IR

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