Strong quarter and Sudan tracking well for Perseus' gold growth plans – MiningNews.net

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This floor in Cote d’Ivoire is producing large cash for Perseus
And Perseus managing director Jeff Quartermaine advised a December quarter convention name that the challenge was already offering a definite first mover benefit within the mineral wealthy nation such that additional potential alternatives have been already coming Perseus’ method.
With money already at US$405 million on the finish of December, Perseus will have the ability to fund Meyas internally, although Quartermaine stated debt choices have been being thought-about.
In the meantime 130,911oz have been produced within the December quarter from Perseus’ present operations at all-in website prices of $983/oz, with the flagship Yaoure operation in Cote d’Ivoire contributing 65,352oz at AISC of 798/ouncesand Edikan in Ghana pouring 53,850oz at AISC of $1058/oz.
That capped a extremely profitable yr for the corporate of 521,221oz produced at AISC $941/ouncesand rising money holdings by $243 million.
Talking from the corporate’s flagship Yaoure operation, Quartermaine stated the present half-year manufacturing goal for Perseus was 230,000-260,000oz at $1000-1200/oz.
Shares in debt-free Perseus have been down 2.5% to A$2.26 in morning commerce, capitalising the corporate at $3.1 billion.
 
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