Perseus Mining's Solid Q3, Royalties Prompt Upgrade to Annual Production Forecast, Says Euroz Hartleys
MT Newswires Live
Apr 24
Perseus Mining (ASX:PRU) reported strong third-quarter gold production, supported by solid performance across all three operations and lower unit costs due to higher volumes, Euroz Hartleys said in a note on Thursday, prompting an upgrade to its annual production forecast for the company.
The investment firm raised its fiscal 2026 gold production estimates by 3% to 405,000 ounces, citing increased royalties in Ivory coast and Ghana.
The miner posted third-quarter gold production of 107,000 ounces, broadly in line with Euroz Hartleys' expectation of 108,000 ounces, with improved margins driven by a higher gold price.
The brokerage reaffirmed a buy rating and lifted its price target to AU$6.85 from AU$6.60.
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