PRU 0.41% $2.44 perseus mining limited

pog increasing , sp falling, page-10

  1. 28 Posts.
    lightbulb Created with Sketch. 1
    That guidance confirmation is happening as we speak.
    CY-2012 220k-240k.Already bought more.
    Go PRU!

    News Summary:
    Perseus joins profit-earners Unit Price:

    16 Feb 2012 07:23:00
    Sydney - Thursday - Feb 16: (RWE Australian Business News) - Perseus Mining (PRU) reports a net profit of $13.68 million or 3.12c a share for the six months ended 31 December.

    The result has particular significance in that it represents Perseus's final period of reporting as a pure exploration/development company.

    Future financial results by Perseus will include the revenue and operating costs associated with the Edikan Gold Mine.

    Gold production for the calendar year 2012 is forecast to be in the range of 220,000 to 240,000 ounces at an estimated average cash cost of US $650 per oz.

    In terms of guidance, after the expected ramp up of production at Edikan in the first half of CY2012 we expect to be producing gold on target during the second half of CY2012.

    Second half gold production rates should be in the order of 135,000 to 145,000 ounces at an average cost of US$550.



 
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