Perseus Mining Limited’s Post

We look forward to attending the 2024 Gold Forum Americas in Colorado Springs next week. Our Managing Director & CEO Jeff Quartermaine and Chief Financial Officer Lee-Anne de Bruin (CA) are attending the event, and Jeff will present on September 16th. View the full agenda here: https://loom.ly/-5QKTUw

Perseus is featured in the below CNN segment: Chasing some of the world's biggest gold deposits in Côte d’Ivoire ✨ Our Managing Director and CEO Jeff Quartermaine is interviewed, discussing our Yaouré and Sissingué operations, Perseus's strong margins and annual gold production of 500,000+ ounces across our project portfolio, strategy for bringing mines online, and Côte d’Ivoire's reputation as a 'go-to' mining destination on the African continent. Watch: https://loom.ly/_UEwMVM

Last month, Perseus signed contracts with local builders for the construction of resettlement houses for residents impacted by our Nyanzaga Gold Project in Tanzania. The construction of the houses is part of the activities being undertaken under our Resettlement Action Plan in villages surrounding the proposed operations, which will include construction of replacement housing, construction of a school and health dispensary, relocation of a cemetery, and the continuation of livelihood restoration training activities. Construction of the first houses commenced in the last week of August; local resident Nyanzala Lunyilija Kasheto is pictured in the photos below, celebrating the commencement of the build of her new home. All workstreams continue to run to schedule for Nyanzaga. Since acquiring the project, Perseus's senior management team has actively engaged with all levels of government in Tanzania, from the federal level down to the district, ward and village levels of local government as well as employees, confirming strong support for our investment in Tanzania and a commitment to help us achieve our aim of commencing commercial gold production at Nyanzaga. A Final Investment Decision for the project is expected by calendar year end, enabling project development to commence in early CY25, with first gold production targeted for Q1 CY27.

Perseus Independent Non-Executive Chairman Rick Menell presented at the Africa Down Under Ministerial Dinner this week. The dinner is a highlight of Africa Week, with dignitaries from across the continent joining Australian Federal and State government ministers and Africa-Australian industry leaders to celebrate the enduring relationships created by Africa Down Under.

Perseus is pleased to announce that it has increased its relevant interest in the issued shares of Predictive Discovery (ASX: PDI) to 19.9%. Read the full release below:

Perseus is pleased to attend, and be a sponsor of the Africa Down Under conference taking place 4 – 6 September at the Pan Pacific, Perth. Our CEO and Managing Director Jeff Quartermaine is pictured presenting the Perseus story to attendees at today's day #1 opening session 📸 #AfricaDownUnder #ADU2024

Africa Down Under Presentation:

Last week we hosted an investor webinar following the release of our FY24 Results, which included record financial performance and capital returns. ✅ Revenue of US$1.026 1 billion (up 7%), EBITDA of US$625.2 million (up 13%) and Profit after tax of US$364.8 million (up 14%) ✅ Basic EPS of US$0.236 cps (up 12%) resulting in an earnings yield of 13.3% and a P/E ratio of 7.54 ✅ Net cash flow from operating activities of US$429.2 million (up 1%) or US$0.313 cents per share resulting in a P/OCF ratio of 5.74 ✅ Net tangible assets of US$1.2 billion or US$0.89 per share ✅ US$587.0 million of cash and bullion and zero debt ✅ Final dividend of A$0.0375 per share for FY24 total dividend of A$0.05 per share or 2.1% yield ✅ Up to A$100 million to be invested in an on-market share buy-back programme of Perseus’s shares over a 12-month period Hear the full results discussion here: https://loom.ly/W9jTCyQ