Dual listed gold miner Perseus Mining has posted record financial results for the year ended June, as both gold production and gold prices increased. Perseus on Thursday reported a 27% increase in revenue for the full year, compared with the 2022 financial year, increasing from A$1.1-billion to A$1.42-billion, on the sale of 537 564 oz of gold, up from the 481 075 oz sold in the previous financial year.
PERTH – Dual listed gold miner Perseus Mining has posted record financial results for the year ended June, as both gold production and gold prices increased.
Perseus on Thursday reported a 27% increase in revenue for the full year, compared with the 2022 financial year, increasing from A$1.1-billion to A$1.42-billion, on the sale of 537 564 oz of gold, up from the 481 075 oz sold in the previous financial year.Earnings before interest, tax, depreciation and amortisation increased by 46%, from A$564.1-million to A$821.3-million, while profits after tax increased by 70%, from A$279.9-million to A$476.7-million.
“Record financial results for FY23 reflect our continued strong operating performance at all levels of our business.
“Since our maiden dividend distribution in August 2021, Perseus has returned nearly A$100-million to its shareholders via dividends, and we have done this while investing record amounts of money in the economies of our host countries and host communities and paying bonuses to our local and expatriate employees who have delivered these outstanding results.
Looking ahead at the first half of the 2024 financial year, Perseus has set a production target of between 242 500 oz to 272 500 oz, at an all-in sustaining cost of between $1 080/oz and $1 190/oz.
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