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Perseus Mining Ltd. (TSX:PRU,ASX:PRU) released its results for the 2015 fiscal year, commenting that it achieved a record after-tax profit of AU$92.2 million. That’s an increase of 288 percent over the year-ago period.
Perseus Mining Ltd. (TSX:PRU,ASX:PRU) released its results for the 2015 fiscal year, commenting that it achieved a record after-tax profit of AU$92.2 million. That’s an increase of 288 percent over the year-ago period.
Other highlights for the 2015 fiscal year include:
- 26% increase in revenue
- 10% decrease in expenses
- Foreign exchange (FX) gain of $52.4M
- Cash balance of A$103.7M, or 19.7cps – A$66.8M (181%) more than FY2014
- Combined value of cash and bullion of A$127.3M, or 24.2cps at the end of FY2015 – up A$78.6M or 61% on FY2014
- Working capital of A$177.6M – an increase of A$108.3M, or 157%, on FY2014
- No third party debt.
Operational highlights include:
- Gold production increased 17% to 212,000 ounces
- All In Site Costs decreased 32% to US$877/oz
- Average sale price of gold steady at US$1,324/oz.
Click here to read the full Perseus Mining Ltd. (TSX:PRU,ASX:PRU) press release.