CAPITAL MARKETS

Perseus records modest profit with big decade ahead

WEST African gold producer Perseus Mining has recorded a modest profit of A$10.4 million for the first half of 2018 as its growing business eyes “significantly greater profits” in the years ahead after its planned major Yaoure development in Cote d’Ivoire comes online in 2021.

Sissingue, Cote d'Ivoire

Sissingue, Cote d'Ivoire

Perseus' profit was made on the back of net cashflow of $85.6 million after combined production of 140,555 ounces was achieved at all-in sustaining costs of US$999/oz from its Edikan mine in Ghana and...

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