Perseus Mining Ltd (OTCPK:PMNXF)

$ 2.094 +0.0040 (+0.19%) Market Cap: 2.89 Bil Enterprise Value: 2.48 Bil PE Ratio: 8.12 PB Ratio: 1.73 GF Score: 93/100

Half Year 2025 Perseus Mining Ltd Earnings Call Transcript

Feb 23, 2025 / 10:00 PM GMT

Transcript

Key Points

Positve

Perseus Mining Ltd (PMNXF) reported a strong financial performance with gold production reaching 253,709 ounces, which is in the upper half of the guided production range.
The company achieved an all-in site cost of $1,162 per ounce, well below the guided cost range, indicating efficient cost management.
Average gold sales price increased by 13% to $2,350 per ounce, contributing to a 27% rise in notional cash flow to $300 million.
Perseus Mining Ltd (PMNXF) ended the year with a net cash and bullion balance of $704 million, an increase of $117 million over six months.
The board declared an interim dividend of 2.5 Australian cents, a 100% increase from the previous year, reflecting strong shareholder returns.

Negative

The restructuring costs at the Edikan site amounted to $18.2 million, impacting financials, although it was a one-time expense.
There are ongoing uncertainties regarding the regulatory framework in Tanzania, which could delay the commencement of the Nan Zaga project.
The share buyback program has been slower than anticipated, with only 12% of the target achieved due to market blackout periods.
Potential cost inflationary pressures could impact future financial performance, despite current conservative cost estimations.
The company's investment in Predictive Discovery is considered expensive, and there is uncertainty about whether it will yield satisfactory returns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PRU.AX - Perseus Mining Ltd
Half Year 2025 Perseus Mining Ltd Earnings Call
Feb 23, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Perseus Mining investor webinar and conference call.

All attendees in a listen-only mode. If you'd like to ask a question directly to the company, please use the raise hand function within Zoom.

I'll now hand over to Perseus Mining managing director and CEO Jeff Cuartermain.

Thank you, Jeff.

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Unidentified_2 [2]
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Thanks very much, Nathan, and yes, welcome to Perseus Mining's webinar to discuss our December 2024 interim financial report.

This document, along with a range of related

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