.jpg)
3 hours ago
1
Article content
Strong performance of Perseus Mining’s operations continues, cash & bullion balance grows to US$801 million
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
Perth, April 30, 2025 (GLOBE NEWSWIRE) — MARCH 2025 QUARTER REPORT
Article content
Strong performance of Perseus Mining’s operations continues,
Article content
cash & bullion balance grows to US$801 million
Article content
PERTH, Western Australia/April 30, 2025/Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) reports on its activities for the three months’ period ended March 31, 2025 (the “Quarter”).
Article content
Article content
- Key operating indicators and highlights for the March 2025 quarter (Q3 FY25) include:
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
| PERFORMANCE INDICATOR | UNIT | SEPTEMBER 2024 QUARTER | DECEMBER 2024 QUARTER | MARCH 2025 QUARTER | FY25 TO DATE |
| Gold recovered | Ounces | 121,290 | 132,419 | 121,605 | 375,314 |
| Gold poured | Ounces | 121,370 | 131,832 | 122,915 | 376,117 |
| Production Cost | US$/ounce | 991 | 919 | 977 | 961 |
| All-In Site Cost (AISC) | US$/ounce | 1,201 | 1,127 | 1,209 | 1,177 |
| Gold sales | Ounces | 108,895 | 136,623 | 117,585 | 363,103 |
| Average sales price | US$/ounce | 2,249 | 2,430 | 2,462 | 2,386 |
| Notional Cashflow | US$ million | 127 | 173 | 152 | 452 |
Article content
- Perseus’s 12-month rolling average TRIFR of 0.74 was well below industry average at quarter-end.
- Quarterly gold production of 121,605 ounces at a weighted average all-in-site cost (AISC) of US$1,209 per ounce.
- Production and AISC market guidance
unchanged for June 2025 Half Year (2H FY25) and 2025 Financial Year (FY25 at 215,000 to 250,000 ounces at US$1,360 to US$1,435 per ounce and 469,709 to 504,709 ounces at US$1,250 to US$1,280 per ounce respectively. - Average gold sales of 117,585 ounces with a weighted average gold sales price
of US$2,462 per ounce. - Average cash margin of US$1,253 per ounce of gold produced, giving notional operating cashflow of
US$152 million. - Available
cash and bullion
of US$801 million, plus liquid
listed securities of US$111 million. - Zero debt and available undrawn debt capacity of US$300 million at quarter-end.
- An affirmative
Final Investment Decision (FID) was taken in January 2025 to develop the
CMA Underground mining operation at the Yaouré Gold Mine in Côte d’Ivoire. Contractor mobilisation commenced post quarter-end. - Following constructive negotiations with the Government of Tanzania to amend the Framework Agreement for the Nyanzaga Gold Mine development in Tanzania, an affirmative Final Investment Decision was taken post quarter-end to develop the mine.
- Perseus’s A$100 million buy-back of shares continued between blackout periods during the quarter. The buyback is currently approximately 33% complete and 11,458,975 shares have been purchased and subsequently cancelled.
Article content
Article content
Group Gold Production and Cost Market Guidance
Article content
Forecast group gold production and AISC for the June 2025 half year (2H FY25) and full 2025 financial year (FY25) remain unchanged are shown in Table 10 below.
Article content
Table 10: Production and Cost Guidance
Article content
| PARAMETER | UNITS | DECEMBER 2024 HALF YEAR (ACTUAL) | JUNE 2025 HALF YEAR FORECAST | 2025 FINANCIAL YEAR FORECAST |
| Yaouré Gold Mine | ||||
| Production | Ounces | 123,158 | 120,000 – 135,000 ounces | 243,158 – 258,158 ounces |
| All-in Site Cost | USD per ounce | 1,124 | US$1,215 – 1,315 per ounce | US$1,160 – 1,210 per ounce |
| Edikan Gold Mine | ||||
| Production | Ounces | 96,634 | 75,000 – 85,000 ounces | 172,634 – 182,634 ounces |
| All-in Site Cost | USD per ounce | 1,022 | US$1,325 – 1,425 per ounce | US$1,150 – 1,190 per ounce |
| Sissingué Gold Mine | ||||
| Production | Ounces | 33,917 | 20,000 – 30,000 ounces | 53,917 – 63,917 ounces |
| All-in Site Cost | USD per ounce | 1,701 | US$2,100 – 2,200 per ounce | US$1,880 – 1,900 per ounce |
| PERSEUS GROUP | ||||
| Production | Ounces | 253,709 | 215,000 – 250,000 ounces | 469,709 – 504,709 ounces |
| All-in Site Cost | USD per ounce | 1,162 | US$1,360 – 1,435 per ounce | US$1,250 – 1,280 per ounce |
English (US)