Perseus continues its market leading operating performance,
increasing its cash and bullion balance to US$594M.
• Key operating highlights for the September 2023 quarter include:
– Quarterly gold production of 132,804 ounces at AISC of US$937 per ounce.
– Production and cost guidance for the Half Year to 31 December 2023 remain unchanged.
– Quarterly gold sales of 115,954 ounces, 17.5% below the June 2023 quarter due to timing of sales.
– Average sale price of gold was US$1,936 per ounce, up US$3 per ounce from the June 2023 quarter.
– Average cash margin of US$999 per ounce of gold sold, up 8% (+US$73 per ounce) from the June 2023 quarter.
– Notional cashflow of US$132 million during the quarter, up 4% (+US$5 million) from the June 2023 quarter.
– Strong quarterly cashflows have further strengthened Perseus’s financial position with available cash and bullion
of US$594 million, an increase of US$72 million during the September 2023 quarter.
– Zero debt with undrawn debt capacity of US$300 million.
– Group 12-month rolling average TRIFR at 1.07, down from 1.20 in the June 2023 quarter.
• Key operating indicators for the September 2023 quarter and the Calendar Year 2023 to date include:
see & read more on
https://www.kitco.com/pr/3423/article_10232023173421.pdf