Perseus Mining Reports 288-percent Leap in After-tax Profit

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.