Perseus Mining Limited

Perseus returns cash to owners and gets set to launch buy-back | Coverage via MiningNews.net:

Via Business News – Perseus profit up 14%:

Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) has welcomed Rick Menell to the role of independent, non-executive chairman of the board. The appointment is made with immediate effect, with Menell replacing interim executive chairman, Jeff Quartermaine, who resumes his former role of managing director and CEO. Perseus undertook a wide-ranging search for its future leader, before landing on Menell. “Rick has a deep understanding of the people and the mining industry on the African continent through a variety of family investments, as well as senior roles with leading South African corporates and nonprofit-sector enterprises and as a result, is perfectly... http://ow.ly/uQNm105H7uZ

Perseus Mining Limited (ASX:PRU, TSX:PRU, OTC:PMNXF) has outlined key achievements and strategic initiatives in its latest annual report, released today, which reflects a year of financial growth, expanded exploration horizons and enhanced partnerships. The company says it delivered record financial results in the reporting period. Gold production remained strong, with more than 500,000 ounces per annum achieved for the fourth consecutive year, amounting to 509,977 ounces in FY24. The all-in site cost (AISC) was US$1,053 per ounce, while the average sale price per ounce increased to US$2,014, marking an 11.7% rise from FY23. As a result, Perseus recorded a notional cash flow of US$490 million, an 8.4% increase from the previous year. The company’s cash and bullion holdings rose to US$587 million, up 12.5% year-on-year, with zero debt and a US$300 million undrawn facility. More at #Proactive #ProactiveInvestors #ASX #PRU #Gold #Mining #Africa #PreciousMetals http://ow.ly/k7UF105GU8C

We're pleased to advise that Perseus's Board of Directors has unanimously voted to appoint Rick Menell to the role of independent, non-executive Chairman of the Board, with immediate effect. Rick will replace the interim Executive Chairman Jeff Quartermaine, who will resume his former role of Managing Director and CEO of Perseus. Read the full ASX release here: https://loom.ly/MRCw4jo

Today our Chairman & CEO Jeff Quartermaine and Chief Financial Officer Lee-Anne de Bruin (CA) hosted an investor webinar and conference call to discuss the FY24 Results. 🔊 For those that weren't able to listen in live – the replay is available here: https://loom.ly/W9jTCyQ

FY24 Results Presentation | Investor webinar and conference call to discuss the Results starts at 9am AEST this morning. Join here ➡️ https://loom.ly/cbclB9o

2024 Sustainable Development Report:

Perseus has released its FY24 Results, Annual Report for the financial year ending 30 June 2024 (FY24) and Sustainable Development Report this morning: https://loom.ly/NSaiiE0 Financial Performance: ✅ Revenue of US$1.0261 billion (up 7%), EBITDA of US$625.2 million (up 13%) and Profit after tax of US$364.8 million (up 14%) ✅ Basic EPS of US$0.236 cents per share (up 12%) resulting in an earnings yield of 13.3% and a P/E ratio of 7.54 ✅ Net cash flow from operating activities of US$429.2 million (up 1%) or US$0.3133 cents per share resulting in a P/OCF ratio of 5.74 ✅ Net tangible assets of US$1.2 billion or US$0.89 per share per share ✅ US$587.0 million of cash and bullion and zero debt ✅ Final dividend of A$0.0375 per share for FY24 total dividend of A$0.05 per share or 2.1% yield ✅ Up to A$100 million to be invested in an on-market share buy-back programme of Perseus’s shares over a 12-month period ➡️ FY24 Results Presentation: https://loom.ly/BlltiuY ➡️ Annual Report: https://loom.ly/N0YllWI ➡️ Sustainable Development Report: https://loom.ly/fCw2qaM We are hosting an investor webinar and conference call to discuss the FY24 Results at 9am AEST this morning. Join here: https://loom.ly/cbclB9o

Via Mining.com — Perseus gets $45m cash injection with sale of Montage Gold stake: https://loom.ly/8Knd07w