Perseus Mining's quarterly output beats Citi estimate; brokerage raises PT

Perseus Mining

29/01/2025 23:08

** Analysts at Citi raise PT for Perseus Mining  PRU.AX  by
10 AU cents per share to A$3.20/shr
    ** Citi says company's quarterly gold production of 132,419
ounces (oz) was ahead of brokerage's and consensus estimate
    ** Brokerage expects PRU's 2H FY25 to be "newsflow-heavy"
with final investment decision for its Nyanzaga gold mine and
early-June quarter life-of-mine update for all projects
        ** Citi says midpoints of company's forecasts for 2H
FY25 group production and cost were 3% below and 15% above its
estimates, respectively
  
    ** Company's forecast for 2H FY25 group production was 215k
to 250k oz, and for cost was $1,360/oz to 1,435/oz
    ** Stock down 10.1%, YTD

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com;))