06:30 AM EDT, 07/30/2024 (MT Newswires) -- Perseus Mining ( PMNXF ) fiscal fourth-quarter production fell compared to the previous quarter.

The company produced 120,929 ounces of gold at an all-in site cost (AISC) of US$1,173/ounce in the fiscal fourth quarter, down from 127,471 ounces of gold at an AISC of US$1,091/ounce in the fiscal third quarter.

Gold sales came in at 141,930 ounces, up from 115,648 ounces in the previous quarter. Average sales price increased to US$2,117/ounce from US$2,025/ounce.

Gold production for the June 2024 half-year of 248,400 ounces and for the 2024 financial year of 509,977 ounces compared favorably to production guidance ranges of 226,000 to 254,000 ounces and 491,000 to 517,000 ounces, respectively.