• Record 12-month rolling average Total Recordable Injury Frequency Rate (TRIFR) of 0.60
• Quarterly gold production of 121,237 ounces at a weighted average AISC of US$1,417 per ounce
• Average gold sales of 131,242 ounces with a weighted average gold sales price of US$2,977 per ounce

Perseus Mining Ltd reported strong operational and financial performance for the June 2025 quarter, with record low safety metrics, higher gold production, and increased cash margins and notional cashflow. Key highlights include a record 12-month rolling average Total Recordable Injury Frequency Rate (TRIFR) of 0.60, which is well below the industry average. Quarterly gold production was 121,237 ounces at a weighted average AISC of US$1,417 per ounce, enabling the company to achieve production guidance and better cost guidance for the June 2025 half year and 2025 financial year. Average gold sales were 131,242 ounces with a weighted average gold sales price of US$2,977 per ounce, resulting in an average cash margin of US$1,560 per ounce and notional operating cashflow of US$189 million. The company's gold production and AISC outlook for the next 5 years includes average gold production of 515,000 - 535,000 ounces per year, at an average AISC of US$1,400 - US$1,500 per ounce. For the 2026 financial year, gold production guidance is 400,000 - 440,000 ounces while AISC guidance is US$1,460 - 1,620 per ounce, representing a temporary dip in the longer-term outlook. The company also announced a Final Investment Decision to develop the Nyanzaga Gold Project, with site works accelerating and on-budget and on schedule, consistent with the target of first gold production in January 2027.

For the 2026 financial year, gold production guidance is 400,000 - 440,000 ounces while AISC guidance is US$1,460 - 1,620 per ounce.

Perseus's gold production and AISC outlook for the next 5 years includes average gold production of 515,000 - 535,000 ounces per year, at an average AISC of US$1,400 - US$1,500 per ounce.