The Edikan gold mine
Africa-focused Perseus Mining expects its strong operating performance to continue for the remainder of the financial year to end June 30, with production guidance for the full-year set at 491 000 oz to 517 000 oz at an all-in sustaining cost (AISC) of $1 000/oz to $1 100/oz.
The gold miner produced 128 773 oz of gold in the quarter ended December 31, taking its output for the first six months of the 2024 financial year to 261 577 oz.
The weighted average production cost at the ASX- and TSX-listed company’s Yaouré and Sissingué mines, in Côte d’Ivoire, and its Edikan mine, in Ghana, was $862/oz for the quarter, while the weighted average AISC was $1 023/oz.
The weighted average production cost for the six months ended December 31 was $833/oz and the AISC $979/oz.
Gold sales for the December quarter reached 135 137 oz at an average gold price of $1 963/oz, taking gold sales for the six months ended December 31 to 251 091 oz at an average price of $1 951/oz.
Perseus, which in November increased its shareholding in ASX-listed OreCorp, earlier this week announced plans to make a formal takeover bid for OreCorp, which is developing the Nyanzaga gold project, in Tanzania.
This comes as Silvercorp Metals is also seeking to acquire OreCorp.