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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Perseus Mining Limited    PRU   AU000000PRU3

PERSEUS MINING LIMITED (PRU)
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Perseus Mining : awards Lycopodium $132m Yaour contract

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01/12/2019 | 03:53am EST

Gold-focused Perseus Mining has chosen Lycopodium to supply engineering and supply works at the Yaour gold project in Cte dIvoire, West Africa.

The $US95.1 million ($132.3 million) deal extends the two companies working relationship. Lycopodium has already delivered the Yaour projects definitive feasibility study (DFS) completed in November last year and front end engineering and design (FEED).

In addition, the engineering company also collaborated with Perseus at its Sissingu gold project (also in Cte dIvoire) after being awarded a $38.4 million contract in August 2016.

The Yaour contract is subject to finalisation of the contract documentation, full funding and receipt of mining permit, according to Lycopodium managing director Peter De Leo.

Western Australia-based Perseus Mining is dual listed on the Australian (ASX) and Canadian (TSX) stock exchanges. The company owns gold projects in Ghana and Cte dIvoire.

The in-development Yaour project, which is budgeted to cost just under $263 million, hosts a JORC-compliant ore reserve of 26.8 million tonnes at an average 1.76 grams per tonne of contained gold, translating to 1.52 million ounces of gold overall.

Perseus anticipates annual production of 215,000 ounces over the first five years of Yaours estimated 8.5-year mine life at an all-in sustaining cost of $US734 per ounce.

(c) The Observer 2019 Observer Media Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (AUD)
Sales 2019 522 M
EBIT 2019 21,9 M
Net income 2019 8,06 M
Debt 2019 6,48 M
Yield 2019 -
P/E ratio 2019 16,40
P/E ratio 2020 13,78
EV / Sales 2019 0,83x
EV / Sales 2020 1,13x
Capitalization 424 M
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 0,61  AUD
Spread / Average Target 48%
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Jeffrey Allan Quartermaine Chief Executive Officer, Executive Director & MD
Terence Sean Harvey Non-Executive Chairman
Christopher Woodall Chief Operating Officer
Elissa Brown Chief Financial Officer
Paul Thompson Group General Manager-Technical Services
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