From GlobeNewswire: 2025-02-23 16:30:00

Perseus Mining’s half-year profit increased by 22% to US$201 million, with net cash and bullion up to US$704 million. Revenue rose by 19% to US$581.8 million, EBITDA increased by 26% to US$352.7 million, and profit after tax grew to US$201 million, up 22%. The operating cash flow also increased by 17% to US$248 million. The company declared an interim dividend of Australian dollar 2.5 cents per share, a 100% increase from the previous year. Perseus confirmed its market guidance for FY25 with 469,000 to 504,000oz gold production at US$1,250 to US$1,280/oz AISC.

During the six months to December 31, 2024, Perseus continued to deliver on its promises by maintaining production levels and achieving market guidance for production and costs. Gold production for the group totaled 253,709 ounces with an AISC of US$1,162 per ounce. The net profit after tax for the period was up 22% to US$201.1 million, with a strong operating cash flow of US$247.6 million. The company’s net tangible assets increased to US$1.34 billion, including cash and bullion on hand of US$704 million.

Perseus Mining’s CEO, Jeff Quartermaine, highlighted the company’s strong financial performance during the December 2024 half-year, with a net profit of US$201 million and operating cash flow of US$248 million. The company’s increased dividend to AUD 2.5 cents per share reflects its improving financial position and balanced capital structure. Perseus aims to enhance its asset portfolio through future growth opportunities. The company’s forecast for group gold production and AISC for the June 2025 half-year and full 2025 financial year show a positive outlook for continued success in the gold mining industry.



Read more at GlobeNewswire: Perseus Mining Half Year Results