- Perseus cash flow falls 21% as gold production and prices decline.
- Tanzania’s Nyanzaga project approaches first gold amid rising costs.
ACCRA, GHANA — Australian gold producer Perseus Mining faces a critical test of its African expansion as falling production and rising costs squeeze margins ahead of a major Tanzanian mine launch.
The company’s notional operating cash flow fell nearly 21% to $171mn in the September quarter from $216mn in the preceding three months, as gold production declined 15% and realised prices weakened.
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