Up 48% in a year, why this ASX 200 gold stock could keep shining bright in 2025

A leading expert expects more outperformance from this Aussie gold miner in 2025.

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S&P/ASX 200 Index (ASX: XJO) gold stock Perseus Mining Ltd (ASX: PRU) counts among the best performing Aussie gold producers over the past year.

Despite dipping 1.1% in intraday trading today to $2.585 a share, the Perseus Mining share price remains up almost 48% over 12 months.

Perseus shares also trade on an unfranked 2.0% trailing dividend yield.

And Fairmont Equities' Michael Gable expects this ASX 200 gold stock to continue shining bright in 2025 (courtesy of The Bull).

A woman blowing gold glitter out of her hands with a joyous smile on her face.

Image source: Getty Images

ASX 200 gold stock tipped to outperform in 2025

Asked about which stocks he believes are well-placed to outperform in the year ahead, Gable tipped Perseus Mining.

Gable pointed to the record FY 2024 financial results delivered by the ASX 200 gold stock.

Among the highlights, the company posted a profit after tax of US$364.8 million, up 14% from FY 2023. Earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$625.2 million were up 13%, while revenue of US$1.026 increased 7% year on year.

At its September quarterly update, Perseus held cash and bullion of US$643 million, plus liquid, listed securities of US$84 million and no debt. The ASX 200 gold stock also had US$300 million of undrawn debt capacity available at the end of Q1 FY 2025

According to Gable:

Financial results saw cash margins increase, costs come in at the lower end of guidance and production numbers beat market expectations. It was a strong result that's led to an on-market share buyback of up to $100 million.

In FY 2024, Perseus sold 508,669 ounces of gold at an all-in site cost (AISC) of US$1,053 per ounce. The miner sold that gold for an average realised price of US$2,014 per ounce.

And Gable expects Perseus Mining to keep delivering value for its shareholders in 2025. The miner forecasts calendar year 2024 gold production in the range of 468,400 and 508,400 ounces at an AISC of US$1,182 to US$1,223 per ounce.

In the September quarter, Perseus produced 121,290 ounces of gold at an AISC of US$1,201 per ounce.

Commenting on the ASX 200 gold stock's record financial performance in FY 2024, Perseus CEO Jeff Quartermaine said at the time, "Since our maiden dividend distribution in August 2021, Perseus has returned AU$168 million to its shareholders via dividends."

He added:

Given the strong financial performance recorded this year, our board has decided to increase the amount of dividends paid to shareholders by declaring a final dividend of AU$0.0375 per share, bringing the full FY24 dividend to AU$0.05 per share.

Perseus's board has also decided to return a further sum of up to AU$100 million to shareholders, by way of an on-market share buyback over the next 12 months.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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