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Jeff Quartermaine, President and CEO of Perseus Mining Limited (ASX: PRU), updates proactive investors regarding the March quarter of the gold producer, which allowed the company to generate free cash flow from of its activities.
"The quarter was very busy and productive for us – we generated gold in line with our expectations and our costs are going down," says Quartermaine.
He continued: "We have put ourselves in a position where we will easily achieve our goals for the semester, in terms of production and costs."
Most of Perseus' quarterly gold production (66.5%) came from its Edikan mine in Ghana, with the remaining 33.5% being produced at its Sissingué mine in Côte d'Ivoire.
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