CAPITAL MARKETS

Perseus' Sissingue operation drives profit result

Strong year for the company's second operation

Perseus’s third gold mine, Yaoure, where first gold was poured in December 2020, contributed a total of 2687oz to the half-yearly gold production (of 137,386oz), “although with net costs being capitalised until the declaration of commercial production, the mine’s activities did not contribute to the half-year earnings result”. 
Perseus had cash and bullion of A$153.2 million at the end of December, with total interest bearing liabilities standing at $168.9 million. 
In terms of strategy, Perseus said it would continue to look to the grow its business “through both organic means and by being positioned to take advantage of M&A opportunities that may present and offer attractive returns on our investment”. 
Shares in Perseus were down 3.5% to $1.11, capitalising the company at $1.4 billion. 

Perseus's third gold mine, Yaoure, where first gold was poured in December 2020, contributed a total of 2687oz to the half-yearly gold production (of 137,386oz), "although with net costs being capitalised until the declaration of commercial production, the mine's activities did not contribute to the half-year earnings result".  

Perseus had cash and bullion of A$153.2 million at the end of December, with total interest bearing liabilities standing at $168.9 million. 

In terms of strategy, Perseus said it would continue to look to the grow its business "through both organic means and by being positioned to take advantage of M&A opportunities that may present and offer attractive returns on our investment". 

Shares in Perseus were down 3.5% to $1.11, capitalising the company at $1.4 billion. 

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