September Quarter Report
| Stock | Perseus Mining Ltd (PRU.ASX) |
|---|---|
| Release Time | 27 Oct 2025, 8:21 a.m. |
| Price Sensitive | Yes |
Perseus Mining's Q1 FY26 report shows strong operational performance
- Gold production of 99,953 ounces at AISC of US$1,463/oz
- Cash and bullion balance of US$837 million
- FY26 production and AISC guidance unchanged
Perseus Mining's September 2025 quarter report showcases the company's sustained operational performance, with gold production totaling 99,953 ounces at an AISC of US$1,463 per ounce. The three operating mines - Yaouré and Sissingué in Côte d'Ivoire, and Edikan in Ghana - delivered solid results, with an average cash margin of US$1,612 per ounce of gold produced, generating notional operating cashflow of US$161 million. The company's cash and bullion balance grew to US$837 million, with an additional US$134 million in liquid listed securities. Development activities also progressed, with the commencement of the CMA Underground project at Yaouré and the continued development of the Nyanzaga project, which is on track for first production in the March Quarter of 2027. Despite some operational challenges, such as constrained mining at the base of the CMA pit and wet weather impacts at Edikan, the company's FY26 production and AISC guidance remains unchanged at 400,000 - 440,000 ounces at AISC of US$1,460 - 1,620 per ounce. The company has also renewed its share buyback programme, with up to A$100 million to be invested over the next 12 months.
FY26 production guidance remains unchanged at 400,000 - 440,000 ounces at AISC of US$1,460 - 1,620 per ounce.
The company's development activities, including the CMA Underground project at Yaouré and the Nyanzaga project, are progressing as planned, with first production from Nyanzaga expected in the March Quarter of 2027.