Perseus Mining delivers another gold production record in West Africa
(Kitco News) - Africa-focused gold miningcompany Perseus Mining announced today that it has achieved another quarterlygold production record, producing 112,786 ounces of gold at its three mines inAfrica, up 10% on the June 2021 quarter and up 28% on the March 2021 quarter.
The company said that itsYaour?(C) gold mine in Ivory Coast was the major contributor to the group's strongquarterly result, producing 64,558 ounces of gold at an AISC of US$671 perounce, generating notional cashflow of US$65.8 million.
Importantly, Perseus notedthat its weighted average all-in sustaining cost (AISC) of US$966 per ounce wasUS$81 per ounce or 8% lower than in the last quarter.
The company's gold salesincreased to 107,650 ounces at an average realised gold price of US$1,655 perounce giving rise to a weighted average cash margin of US$689 per ounce of goldproduced.
Additionally, Perseusreported that its notional cashflow from operations was US$77.8 million,US$15.7 million or 25% more than in the June 2021 quarter.
Group gold production andAISC market guidance remain unchanged for the December 2021 half year at225,000 to 255,000 ounces at an AISC of US$925 to US$1,025 per ounce.
Perseus operates three goldmines in West Africa (Edikan in Ghana, Sissingu?(C) and Yaour?(C) in Ivory Coast),with its third mine, Yaour?(C), pouring its first gold in December 2020. Thecompany expects that its annual gold production will increase to more than500,000 ounces per year by 2022.
By Vladimir BasovFor Kitco News
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