Australia's Perseus Mining falls on lower sales, bleak forecast

Perseus Mining

28/07/2025 04:19

** Shares of gold producer Perseus Mining PRU.AX fall 2.9% to A$3.455, their lowest level since July 9

** Co reports June-quarter gold sales of 131,242 ounces vs 141,930 ounces a year ago

** Forecasts gold production to be between 400,000 ounces and 440,000 ounces in FY26

** Co produced 509,977 ounces of gold in FY24

** Stock loses most since June 25, if trends hold

** Perseus stock up 34.2% YTD, including moves in current session

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))