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Perseus Mining Announces Half Year Results, Provides Production Guidance

15 Feb 2013  |  14:02:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Half Year Results Announcement and Production Guidance

Perseus Mining announced a NPAT of $32.497m or 6.16 cents per share for the six-month period ended 31 December 2012, representing a return on funds employed of 7.6%. The increase is attributable to the Edikan gold mine being in commercial production in the current period whereas it was in commissioning during the previous period. Revenue of $147.065m was earned from the sale of 98,865oz of gold at an average sale price during the period of US$1,520/oz. The company also reported that the forecast of gold production for the second half of the fiscal year ending 30 June 2013 has been modified from previously announced levels to 105,000oz to 125,000oz resulting in a forecast full financial year production range of 208,700 to 228,700oz. This is due to the impact of the crusher downtime on the availability of mill feed and therefore gold production during the March 2013 quarter.

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