The following is a summary of the Perseus Mining Limited (PMNXF) Q4 2024 Earnings Call Transcript:
Financial Performance:
Perseus Mining produced 509,977 ounces of gold in fiscal 2024 at an all-in site cost of USD1,053 per ounce.
The company maintained a strong financial position with cash and bullion of USD 587 million at the end of the period, with no debt.
Notional cash flow for the fourth quarter was USD 117 million, with full-year cash flow at USD 490 million.
Business Progress:
Completed the acquisition of the Nyanzaga Gold Project in Tanzania and advanced the CMA Underground mine development at Yaouré.
Expanded resource exploration at Yaouré, Edikan, and launched drilling in Sudan.
Progressing towards the final investment decision on the underground project at Yaouré, expected to start construction in July 2025.
Opportunities:
Growth strategy includes the development of recently acquired Nyanzaga project and expanded exploration activities to extend project life and increase resources.
Risks:
Challenges in waste stripping at Yaouré impacted costs and production, although mitigated by diversified operations.
Regional conflict in Sudan, although not directly impacting operations, remains a concern.
More details: PERSEUS MINING LIMITED IR
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