Perseus profits rise as gold production increases

Dual listed gold miner Perseus Mining has reported a 19% increase in earnings before interest, tax, depreciation and amortization (Ebitda) for the full year ended June, as its Sissingue project, in Côte d’Ivoire, reported its first full year of commercial production.

Gold production for the full year to June was up 6% on the previous financial year, to 271 824 oz, while all-in sustaining costs were down by 8% in the same period, to $960/oz.