Perseus Mining's (ASX:PRU) Nyanzaga project valuation has been updated to reflect the latest information from the project's feasibility update, revealing higher capex, lower production, and higher operating costs than initially modelled, according to a Monday note by Euroz Hartleys.
The company plans to mine Nyanzaga as a large open pit, unlike the original plan of its previous owner, OreCorp, of a smaller open pit and underground mining, with a processing scale of six million tonnes per annum, up from the previous plan of four million tonnes per annum, Euroz Hartleys said.
The previous valuation was based on information from OreCorp's feasibility study released in 2022.
The project received a final investment decision, with Perseus Mining set to invest $523 million in development for targeted first gold in the first quarter of 2027.
Euroz Hartleys maintained Perseus Mining's buy rating and AU$3.95 price target.
The company's shares rose nearly 3% in afternoon trade Tuesday.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。