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Highlights

  • Quarterly gold production totalled 121,237 ounces at an all-in site cost of USD 1,417 per ounce.
  • Notional operating cashflow for Q4 FY25 was USD 189 million, with an average cash margin of USD 1,560 per ounce.
  • Available cash and bullion stood at USD 827 million, with no debt and USD 300 million in undrawn capacity.

Perseus Mining Limited (TSX:PRU) has released its June 2025 quarter results, covering the three months ended June 30, 2025. The company reported quarterly gold production of 121,237 ounces and gold sales of 131,242 ounces at an average realized price of USD 2,977 per ounce.

The weighted average all-in site cost (AISC) for the quarter was USD 1,417 per ounce, compared to USD 1,209 in the prior quarter. Notional cashflow for the June quarter was USD 189 million, up from USD 152 million in the March quarter. This translates to a cash margin of USD 1,560 per ounce of gold produced.

For the full financial year ended June 30, 2025 (FY25), Perseus produced 496,551 ounces of gold at an average AISC of USD 1,235 per ounce. Full-year gold sales totalled 494,343 ounces, with an average realized price of USD 2,543 per ounce, generating notional cashflow of USD 650 million.

At quarter-end, the company held USD 827 million in cash and bullion, plus USD 118 million in liquid listed securities. These figures reflect significant spending on the Nyanzaga Gold Project (NGP), corporate tax obligations, dividends, and share buybacks. The company had no debt at quarter-end and retained USD 300 million in undrawn debt capacity.

During the quarter, Perseus advanced development at the Nyanzaga Gold Project following a Final Investment Decision. Site works remain on budget and schedule, with first gold production targeted for January 2027. Infill drilling results remain on track to support a Mineral Resource and Ore Reserve upgrade in Q3 FY26.

The company continued executing its AUSD 100 million share buyback plan, which was approximately 73 percent complete at quarter-end, with 22,995,853 shares repurchased and cancelled.

For the 2026 financial year (FY26), Perseus forecasts group production between 400,000 and 440,000 ounces at an AISC of USD 1,460 to USD 1,620 per ounce. This represents a temporary decrease in output compared to FY25. The company also projects annual gold production of 515,000 to 535,000 ounces over the next five years, with an average AISC between USD 1,400 and USD 1,500 per ounce.