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Perseus Mining reveals increasing production and decreasing costs in Quarterly Report

Published: 19:33 12 Jul 2018 EDT

Perseus Mining Limited (ASX:PRU) (TSX:PRU) chief executive Jeff Quartermaine tells Proactive Investors all the highlights contained in the gold producer's just-released Quarterly Report.

Quartermaine says the report, "validates that the strategy that we've been employing for some time to transform from being a single-mine producer to a multi-mine producer is working very well, and we're delivering excellent outcomes as a result."

Record production has been recorded on a quarterly, half-yearly and annual basis, whilst costs have been "dropping very significantly," according to Quartermaine.

The company is in a strong cash-positive position.

Perseus is progressing well towards its stated goal of producing 500,000 ounces of gold annually from three operating mines in West Africa in the next few years.

Perseus Mining boosts cash and bullion to US$594 million

Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) managing director and chief executive officer Jeff Quartermaine breaks down the highlights of the company’s September quarter. Gold production for the period came in at 132,804 ounces at an all in sustaining cost of US$937 per ounce. The average...

on 10/23/2023