Perseus Mining Ltd (FRA:P4Q)
€ 1.672 -0.008 (-0.48%) Market Cap: 2.32 Bil Enterprise Value: 1.83 Bil PE Ratio: 8.01 PB Ratio: 1.63 GF Score: 93/100
Back to the Transcripts List

Full Year 2024 Perseus Mining Ltd Earnings Call Transcript

Aug 27, 2024 / 11:00PM GMT
Release Date Price: €1.53 (+0.26%)

Key Points

Positve
  • Perseus Mining Ltd (PMNXF) produced nearly 510,000 ounces of gold, meeting their guidance range.
  • The company achieved an average gold sales price of USD2,014 per ounce, contributing to a cash margin of USD9.61 per ounce.
  • Perseus Mining Ltd (PMNXF) generated USD1 billion in revenue, a 7% increase from the previous year.
  • The company ended the financial year with USD587 million in cash and bullion, indicating strong liquidity.
  • A final dividend of AUD0.0375 per share was declared, bringing the total distribution for FY24 to AUD0.05 per share.
Negative
  • Gold production was slightly down compared to FY23, impacted by lower output at Edikan and YaourĂ©.
  • All-in-site costs increased to USD1,053 per ounce, driven by higher production costs.
  • The average gold sales price was slightly below the average spot rate for the 12 months.
  • The company faced underperformance from the mining contractor at YaourĂ©, impacting costs.
  • Guidance for the next six months indicates higher all-in-site costs between USD1,230 to USD1,330 per ounce.
Nathan Ryan
Perseus Mining Ltd - Investor Relations

Good morning and welcome to the Perseus Mining investor webinar and conference call. (Event Instructions)

I'll now hand over to Perseus Mining Executive Chairman and CEO, Jeff Quartermaine. Thank you, Jeff.

Jeffrey Quartermaine
Perseus Mining Ltd - Acting Executive Chairman of the Board, Chief Executive Officer, Managing Director

Thanks, Nathan. Welcome to Perseus Mining's webinar to discuss the company's results for the financial year ending June 30, 2024. I'm joined on this call by Lee-Anne de Bruin, our CFO. We'll be presenting to you today. But before passing to Lee-Anne, let me first provide some context to the reports that have been filed with the ASX and the TSX and which Lee-Anne will speak in just a moment.

Now, as you're aware, in late July, Perseus published its June '24 quarter report that documented the results for the fiscal '24 year from our three operating mines and two development sites, all of which are located throughout the African continent. And summary, these results

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.