0415 GMT [Dow Jones] Canaccord Genuity now expects a weak December quarter from Perseus Mining (PRU.AU) following the gold miner's recent update which highlighted a prolonged period of processing low-grade ore from a stockpile at the Edikan mine in Ghana. Perseus hasn't changed its fiscal 2016 gold-output guidance, but says production will now be weighted to the second half of its financial year. "We maintain our buy rating based on valuation," Canaccord says. "However, elevated capex between 2015-18 combined with current gold prices suggest minimal free cash flow on our estimates."
Ann: Full Year Production and Cost Guidance, page-8
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Last
$2.57 |
Change
-0.170(6.20%) |
Mkt cap ! $3.522B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.65 | $2.52 | $12.17M | 4.726M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 60019 | $2.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.57 | 48484 | 30 |
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| PRU (ASX) Chart |