06:27 AM EDT, 10/23/2024 (MT Newswires) -- Perseus Mining ( PMNXF ) late on Tuesday reported fiscal first-quarter 2025 production of 121,290 ounces of gold, up from 120,929 ounces of gold in the previous quarter.

All-in site cost for the quarter was US$1,201 per ounce, rising from US$1,173 per ounce a quarter ago.

Average gold sales decreased 23% to 108,894 ounces due to the timing of gold shipments. Average gold sale prices rose 6% quarter-over-quarter to US$2,249 per ounce.

Gold production and all-in site cost remain on track to achieve market guidance for the December 2024 half year and calendar year 2024, the company said.

Perseus maintained its market guidance at 220,000-260,000 ounces at US$1,230-US$1,330 per ounce all-in site cost for the first half of fiscal 2025. For calendar year 2024, guidance remains unchanged at 468,400-508,400 ounces at US$1,182-US$1,223 all-in site cost.

Perseus is trading at near 52-week highs, gaining 1.1% to $2.72 on Tuesday.