• Gold production increased 9% to 132,419 ounces
• AISC decreased 6% to US$1,127 per ounce
• Notional operating cashflow of US$173 million

Perseus Mining Limited (ASX: PRU) has reported strong production, cost and cashflow results for the December 2024 quarter (Q2 FY25), December 2024 Half Year (H1 FY25) and Calendar Year 2024 (CY24). Key highlights include:- Gold production increased 9% to 132,419 ounces in Q2 FY25, with production for H1 FY25 and CY24 towards the upper end of guidance ranges- Weighted average AISC decreased 6% to US$1,127 per ounce in Q2 FY25, with AISC for H1 FY25 and CY24 below the bottom end of guidance ranges- Gold sales increased 20% to 136,623 ounces, with the average sales price increasing 7% to US$2,430 per ounce- Notional operating cashflow of US$173 million in Q2 FY25 and US$536 million in CY24, with an average cash margin of US$1,303 per ounce- Strong balance sheet with US$704 million in cash and bullion, plus US$67 million in liquid securities, and US$300 million in undrawn debt capacityThe company's three operating mines - Yaouré and Sissingué in Côte d'Ivoire, and Edikan in Ghana - all delivered solid operational and financial performance during the quarter and year-to-date. Perseus remains on track to meet its production and cost guidance for FY25 and the calendar year.

For the June 2025 Half Year (2H FY25), Perseus expects to produce 215,000 to 220,000 ounces at an AISC of US$1,360 to US$1,435 per ounce. For the 2025 Financial Year (FY25), the company expects to produce 469,709 to 504,709 ounces at an AISC of US$1,250 to US$1,280 per ounce.

Perseus continues to focus on optimizing its existing operations, advancing its growth projects, and maintaining a strong balance sheet to support its strategic objectives. The company is well-positioned to deliver sustainable long-term value for shareholders.