Perseus Mining Limited (ASX:PRU) has reported strong operating performance of the Group in June 2020 quarter, with a growth in the production by 12% to 64,676 ounces. The production cost declined by 15% to US$805 per ounce & AISCs down 14% to US$935 per ounce.
Gold sales during the quarter increased by 30% to 78,027 ounces, weighted average gold sales price grew 4% to US$1,544 per ounce and notional cash flow 66% to US$40 million.
For the December 2020 Half Year, production & AISC guidance is agreed at 139,000 to 125,500 ounces at an AISC of US$940 to US$1,205 per ounce.
There is no one left untouched by the charm of the multibillion-dollar global boom in cannabis. Its glorious journey from a criminalized drug to being used in over 20 countries for treating medical conditions.
No wonder the cannabis stocks are on the edge of a green rush. Don’t miss out on the happenings in the cannabis sector and take advantage of the growth phase of this sector by subscribing to our report on Marijuana stocks in Australia.
Find out the drivers for the rise in cannabis stock rates Even though the cannabis sector is in its growing phase, Australian cannabis stocks have already started to rise actively due to a hastily increasing patient base, and a legislative landscape that is gradually beginning to liberalise.
Outreach and future of cannabis stocks As countries liberalise regulation for medical and recreational use of cannabis, it is predicted that the industry would grow sharply in upcoming years The global cannabis market stands currently at around $8 billion and it is expected that the hemp derived CBD market to hit approximately $22 billion by 2022.
Key Players in the sector Althea Group Holdings Limited (ASX: AGH) and Cann Group Limited (ASX: CAN) are amongst the top players. Other Australia cannabis market players are- MGC Pharmaceuticals Ltd (ASX: MXC), Elixinol Global Limited (ASX: EXL), THC Global Group Limited (ASX: THC), AusCann Group Holdings Limited (ASX: AC8)