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

Reuters

01/30

** 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;))

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