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Perseus Mining Limited (PMNXF) H1 2024 Earnings Call Transcript Summary

moomoo AI ·  Feb 23 03:04  · Conference Call

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

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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