https://www.engineeringnews.co.za

Perseus sets 2022 guidance at at least 471 000 oz

25th January 2022

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

ASX-listed Perseus Mining’s financial position continues to strengthen, with the company reporting net cash of $162-million as at December 31.

This follows the company returning $13-million of capital to shareholders, reducing debt by $50-million and investing $11-million in organic growth during the three months ended December 31.

Perseus produced 128 378 oz of gold in the quarter under review, which was a 66% year-on-year increase in production.

The company’s strong performance is forecast to continue in 2022. Perseus plans to produce between 230 000 oz and 265 000 oz of gold for the six months ending June 30, 2022.

Output for the full year is expected to reach between 471 000 oz and 506 000 oz of gold.

Meanwhile, the company’s exploration programmes on the Nkosuo prospect near the Edikan mine, in Ghana, and the CMA Underground prospect at the Yaouré mine, in Côte d’Ivoire, both returned excellent drilling results in the quarter under review, confirming the potential for strong organic growth of each mine.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 
Craig Miller Technical Services (CMTS)
Craig Miller Technical Services (CMTS)

CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.05 1.156s - 140pq - 2rq
Subscribe Now