Perseus Mining Limited

Our CEO and Managing Director Jeff Quartermaine caught up with CommSec's Tom Piotrowski to discuss the gold 'renaissance' and factors driving prices higher, operating in Africa, and delivering mutual benefits to all stakeholders. Watch the full interview here: https://loom.ly/JKniajw

Our Managing Director and CEO Jeff Quartermaine caught up with Crux Investor Exploration Geologist and Analyst Merlin Marr-Johnson to discuss the September quarterly results released this week, which delivered strong gold production, cashflow and growth. "Perseus Mining continues to demonstrate strong operational execution while building a sustainable growth pipeline in Africa. The company's latest quarterly results show production of 121,290 ounces of gold at all-in costs of US$1,201 per ounce, generating significant operating cash flow of US$127 million and maintaining a robust cash balance of US$643 million," the Crux team wrote. "For investors seeking exposure to the gold sector, Perseus offers a compelling combination of current production, growth potential, and shareholder returns, trading at a notable discount to peers despite consistent operational execution. The company's strong cash generation and clear development pipeline provide multiple pathways for potential value creation, while their geographic diversification strategy helps manage jurisdictional risks inherent in African mining operations." Watch the full interview here: https://loom.ly/LImV99k

Perseus Mining Limited has delivered strong production from its three operating gold mines in the September quarter, #Yaouré and #Sissingué in Côte d’Ivoire and #Edikan in Ghana, with a combined 121,290 ounces of gold produced.  Perseus says the strong operating results “confirm once again Perseus’s position as one of the world’s better performing mid-tier gold producers.” ⚡Weighted average production cost of US$990/oz, weighted average AISC was US$1,201/oz of gold. ⚡Gold sales totalled 108,895 ounces. ⚡Realised gold price averaged US$2,249/oz — US$132/oz more than Q4 FY24. More at #Proactive #ProactiveInvestors #PRU #PMNXF http://ow.ly/yErQ105MHKM

This morning our Managing Director and CEO Jeff Quartermaine and Chief Financial Officer Lee-Anne de Bruin (CA) hosted an investor webinar to discuss the company's September quarter results. Perseus delivered strong production, cashflow and growth, resulting in a cash and bullion balance of US$643 million. For those that didn't join live — hear Jeff provide a detailed overview of the results here: https://loom.ly/9ygJgcU

Investor Presentation — September 2024 Quarter Report:

September Quarterly Report | Perseus consistently delivers strong production, cashflow and growth, resulting in a cash and bullion balance of US$643m 💰 ➡️ 121,290 ounces of gold produced at a weighted average AISC of US$1,201 per ounce ➡️ Gold production and AISC remain on track to achieve market guidance for 1H FY25 and CY24 ➡️ Average cash margin of US$1,048 per ounce of gold produced resulted in notional operating cashflow of US$127 million for the quarter and US$363 million for CY24 to date ➡️ Available cash and bullion of US$643 million, plus liquid, listed securities of US$84 million and zero debt, with US$300 million of undrawn debt capacity available at the end of Q1 FY25 We will host an investor webinar and conference call to discuss the quarterly results this morning, starting at 9am AEDT. Join the call here: https://loom.ly/9UlUBv4

As we move closer to a final investment decision (FID) and commencing construction at our Nyanzaga Gold Project in Tanzania, we continue to receive encouraging support from the Tanzanian Government. During a recent visit to the project, Tanzania's Minister of Minerals Anthony Mavunde announced a joint venture between the Government and Perseus Mining, through the Sotta company, which will see significant investment by Perseus in Tanzania, Nyanzaga Project and surrounding communities. As agreed with Perseus, the Government will increase its free-carried interest in the project from 16% to 20%. Nyanzaga is expected to generate in the region of 1,500 jobs, contributing to local economic growth. In addition, Perseus recently participated in Tanzania's 7th Mineral Technology Exhibition, held in Geita, where Dr. Samia Suluhu Hassan, the President of the United Republic of Tanzania, announced that the Government has allocated one trillion shillings to purchase gold from miners to underline its commitment to the industry. We were extremely honoured to have President Samia Suluhu Hassan visit the Perseus stand at the Mineral Technology Exhibition where Isaac Lupokela, CFO of Nyanzaga Project, shared our aspirations for the project development and progress made to date with the President.

Perseus will host an investor webinar and conference call to discuss its September 2024 Quarterly Results, which are anticipated for release around 8:30am AEDT on Wednesday 23 October 2024. More info and register here: https://loom.ly/9UlUBv4

Perseus Mining expresses its sincere condolences to the family and friends of Dr David Ransom, who sadly passed away at the weekend. Dr Ransom was a non-executive, independent Director of Perseus from 2019 until June of this year. Perseus’s Managing Director Jeff Quartermaine: "At Perseus, we were all deeply saddened to learn of the death of Dave, our well respected and admired colleague and friend. Dave played a very important role in Perseus's growth and success over recent years and displayed outstanding professionalism, knowledge, experience and judgement during his time on our Board. Outside of Perseus, Dave was a significant contributor to the mining and resources industry both in Australia and internationally and he will be greatly missed by all of his friends and colleagues. Our thoughts are with his wife Jo and other members of his family at this time."

Crux Investor interview | Perseus Mining: African-focused gold producer with strong growth potential amidst industry consolidation 📺 Our CEO and Managing Director Jeff Quartermaine caught up with Matthew Gordon at the Gold Forum Americas 2024 conference last week. Jeff and Matthew chat on a number of topics, including our acquisition of the Nyanzaga Gold Project in Tanzania, Perseus's recent strong financial and operational performance, capital allocation and the importance of delivering benefits to all stakeholders, recent appointments to our leadership team, plus more. Watch the full interview here: https://loom.ly/Jvsln1Y