Perseus triples half-year profit

AFRICA-focused gold producer Perseus Mining reported a small production fall for the December half, but in an era of soaring gold prices, its net profit tripled to A$30 million from earnings of $124 million, while its gross profit was “materially better than in the past,” the company claimed.

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Yaore will be the company's third mine.

The miner adopted a strategy focusing on optimising cashflow at the start of calendar 2019, and it says the latest results, its fourth consecutive half-year of meeting its guidance, is evidence its