Perseus Mining Ltd (STU:P4Q)
€ 1.499 -0.012 (-0.77%) Market Cap: 2.19 Bil Enterprise Value: 1.69 Bil PE Ratio: 7.36 PB Ratio: 1.50 GF Score: 93/100
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Full Year 2024 Perseus Mining Ltd Earnings Call Transcript

Aug 27, 2024 / 11:00PM GMT
Release Date Price: €1.51 (+0.70%)

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

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