• Total gold production of 2.6Moz - 2.7Moz over 5 years
• Weighted average AISC of US$1,400/oz - US$1,500/oz
• Cash operating margin expected to exceed US$500/oz at all mines

Perseus Mining Limited is pleased to provide its gold production and All-In Site Cost (AISC) outlook for the five-year period from FY26 to FY30 inclusive for its portfolio of mines located in Ghana, Côte d'Ivoire and Tanzania. The Company expects to recover a total of 2.6Moz - 2.7Moz of gold with average gold production from the four operating mines of approximately 515koz - 535koz per annum. The weighted average AISC over the five-year period is forecast to be US$1,400/oz - US$1,500/oz. At a long-term gold price of US$2,400/oz, Perseus's cash operating margin is expected to consistently exceed US$500/oz at all mines over the five-year period. The five-year outlook is underpinned by a high level of geological and technical confidence with 93% of the gold ounces in the mine plan comprising existing Ore Reserves. The outlook reinforces Perseus's commitment to maintaining a resilient balance sheet, delivering strong, consistent operational performance and carefully deploying discretionary capital for growth and returns to shareholders.

Perseus expects to recover a total of 2.6Moz - 2.7Moz of gold with average gold production from the four operating mines of approximately 515koz - 535koz per annum in the five-year period to the end of FY30. The weighted average AISC over the five-year period is forecast to be US$1,400/oz - US$1,500/oz.

Perseus's strategy is to consistently produce between 500,000 to 600,0000 ounces of gold per year at a cash margin of not less than US$500 per ounce. The Company is fully funded to deliver the five-year outlook and consider future growth opportunities beyond the current plan, as well as generous returns to shareholders.