Perseus achieved a 29% increase in gold production with its third mine,
Yaouré ramping up, 31% increase in gold sales and a 3.5% decrease in AISC
for the quarter, highlighting its consistently improving operating
performance.
Table 1: Operating and Financial Summary
Performance Indicator Unit
December 2020 Quarter December 2020 Half Year March 2021 Quarter 2021 Financial Year to Date
Gold recovered1 Ounces 68,614 137,386 88,458 225,845
Gold poured1 Ounces 65,657 133,717 86,042 219,759
Production Cost2 US$/ounce 915 868 852 863
All-In Site Cost (AISC)2 US$/ounce 1,036 1,000 999 1,000
Gold sales1 Ounces 66,644 127,085 87,215 214,300
Average sales price2 US$/ounce 1,687 1,643 1,628 1,637
Notional Cashflow2 US$ million 44.6 88.3 41.7 130.0
• Yaouré Gold Mine commissioning successfully completed during the Quarter
with “Commercial Production” formally declared on 31 March 2021.
• The Group’s quarterly gold production of 88,458 ounces increased 29% from
the December Quarter1
.
• The Group’s AISC for the quarter was US$999 per ounce, a 3.5% decrease from
last quarter2
.
• Quarterly gold sales increased 31% to 87,215 ounces.
• The average realised gold price decreased 3.5% to US$1,628 per ounce resulting
in quarterly notional cashflows from these operations of US$41.7 million,
US$2.9 million or 7% less than in the December 2020 quarter.
• Perseus’s gold production and AISC market guidance of 175,000 to 190,000
ounces at US$950 to US$1,150 per ounce for the June 2021 Half Year remains
unchanged.
• Encouraging exploration results achieved at Bagoé near Sissingué and at
Govisou on the Yaouré mining lease (Refer to ASX Exploration Results
announcement 7 April 2021).
• Available cash and bullion on hand of US$136 million and debt of US$130 million giving a net cash position of US$6 million at quarter end, US$18 million more
than at the end of last quarter.
• Perseus is on track to achieve its goal of producing more than 500,000 ounces of gold per year at a cash operating margin of not less than US$400 per ounce.
see & read more on
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