{"id":93448,"date":"2025-04-29T22:51:06","date_gmt":"2025-04-29T22:51:06","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/perseus-mining-march-quarter-report\/"},"modified":"2025-04-29T22:51:06","modified_gmt":"2025-04-29T22:51:06","slug":"perseus-mining-march-quarter-report","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/perseus-mining-march-quarter-report\/","title":{"rendered":"Perseus Mining March Quarter Report"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"center\">Perth, April  30, 2025  (GLOBE NEWSWIRE) &#8212; <strong>MARCH 2025 QUARTER REPORT<\/strong><\/p>\n<p align=\"center\"><strong>Strong performance of Perseus Mining\u2019s operations continues,<\/strong><\/p>\n<p align=\"center\"><strong>cash &amp; bullion balance grows to US$801 million<\/strong><\/p>\n<p><strong>PERTH, Western Australia\/April 30, 2025\/<\/strong>Perseus Mining Limited (\u201cPerseus\u201d or the \u201cCompany\u201d) (TSX &amp; ASX: PRU) reports on its activities for the three months\u2019 period ended March 31, 2025 (the \u201cQuarter\u201d).<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;\"><strong>Key operating indicators and highlights<\/strong> for the March 2025 quarter (Q3 FY25) include<strong>:<\/strong><\/li>\n<\/ul>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"><strong>PERFORMANCE INDICATOR<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle ; \"><strong>UNIT<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>SEPTEMBER 2024<\/strong><br \/><strong>QUARTER<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>DECEMBER 2024<\/strong><br \/><strong>QUARTER<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>MARCH 2025<\/strong><br \/><strong>QUARTER<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>FY25 <\/strong><br \/><strong>TO DATE <\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Gold recovered<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Ounces<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">121,290<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">132,419<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong> 121,605 <\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">375,314<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Gold poured<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">121,370<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">131,832<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong> 122,915 <\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">376,117<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Production Cost<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">US$\/ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">991<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">919<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong> 977 <\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">961<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>All-In Site Cost (AISC)<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>US$\/ounce<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">1,201<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">1,127<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong> 1,209 <\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">1,177<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Gold sales<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">108,895<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">136,623<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong> 117,585 <\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">363,103<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Average sales price<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">US$\/ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">2,249<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">2,430<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong> 2,462 <\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">2,386<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Notional Cashflow<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>US$ million<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">127<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">173<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong> 152 <\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">452<\/td>\n<\/tr>\n<\/table>\n<ul type=\"disc\">\n<li style=\"margin-bottom:12pt; text-align:justify;\">Perseus\u2019s 12-month rolling average <strong>TRIFR of 0.74<\/strong> was well below industry average at quarter-end.<\/li>\n<li style=\"margin-top:1pt; margin-bottom:12pt; text-align:justify;\"><strong>Quarterly gold production of 121,605 ounces at a weighted average all-in-site cost (AISC) of US$1,209 per ounce. <\/strong><\/li>\n<li style=\"margin-top:1pt; margin-bottom:12pt; text-align:justify;\"><strong>Production and AISC market guidance<\/strong> <strong>unchanged<\/strong> for June 2025 Half Year (2H FY25) and 2025 Financial Year (FY25 at 215,000 to 250,000 ounces at US$1,360 to US$1,435 per ounce and 469,709 to 504,709 ounces at US$1,250 to US$1,280 per ounce respectively<strong>.<\/strong>\u00a0<\/li>\n<li style=\"margin-top:1pt; margin-bottom:12pt; text-align:justify;\">Average <strong>gold sales of 117,585 ounces<\/strong> with a weighted average <strong>gold sales price<\/strong> <strong>of US$2,462 per ounce.<\/strong>\u00a0<\/li>\n<li style=\"margin-top:1pt; margin-bottom:12pt; text-align:justify;\">Average <strong>cash margin of US$1,253 per ounce<\/strong> of gold produced, giving <strong>notional operating cashflow of<\/strong> <strong>US$152 million.<\/strong><\/li>\n<li style=\"margin-bottom:12pt; text-align:justify;\"><strong>Available<\/strong> <strong>cash and bullion<\/strong> <strong>of US$801 million<\/strong>, plus<strong> liquid<\/strong> <strong>listed securities of US$111 million<\/strong>.<\/li>\n<li style=\"margin-bottom:12pt; text-align:justify;\"><strong>Zero debt<\/strong> and available <strong>undrawn debt capacity of US$300 million<\/strong> at quarter-end.<\/li>\n<li style=\"margin-bottom:12pt; text-align:justify;\">An <strong>affirmative<\/strong> <strong>Final Investment Decision<\/strong> (FID) was taken in January 2025 to <strong>develop the<\/strong> <strong>CMA Underground<\/strong> mining operation at the Yaour\u00e9 Gold Mine in C\u00f4te d\u2019Ivoire. Contractor mobilisation commenced post quarter-end.<\/li>\n<li style=\"margin-bottom:12pt; text-align:justify;\">Following constructive negotiations with the Government of Tanzania to amend the Framework Agreement for the <strong>Nyanzaga Gold Mine<\/strong> development in Tanzania, an <strong>affirmative Final Investment Decision<\/strong> was taken post quarter-end <strong>to develop the mine<\/strong>.<\/li>\n<li style=\"margin-bottom:12pt; text-align:justify;\">Perseus\u2019s <strong>A$100 million buy-back of shares<\/strong> continued between blackout periods during the quarter. The buyback is currently approximately 33% complete and 11,458,975 shares have been purchased and subsequently cancelled.<\/li>\n<\/ul>\n<p align=\"justify\">Group Gold Production and Cost Market Guidance<\/p>\n<p>Forecast group gold production and AISC for the June 2025 half year (2H FY25) and full 2025 financial year (FY25) remain unchanged are shown in <strong><em>Table 10<\/em><\/strong> below.<\/p>\n<p><strong><em>Table\u00a010: Production and Cost Guidance<\/em><\/strong><\/p>\n<table style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"><strong>PARAMETER<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"><strong>UNITS<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong> DECEMBER 2024 HALF YEAR<\/strong><br \/><strong>(ACTUAL)<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>JUNE 2025 HALF YEAR<\/strong><br \/><strong>FORECAST<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2025 FINANCIAL YEAR<\/strong><br \/><strong>FORECAST<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Yaour\u00e9 Gold Mine<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Production<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">123,158<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">120,000 &#8211; 135,000 ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">243,158 \u2013 258,158 ounces<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">All-in Site Cost<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">USD per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">1,124<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,215 \u2013 1,315 per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,160 \u2013 1,210 per ounce<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Edikan Gold Mine<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Production<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">96,634<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">75,000 &#8211; 85,000 ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">172,634 \u2013 182,634 ounces<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">All-in Site Cost<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">USD per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">1,022<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,325 \u2013 1,425 per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,150 \u2013 1,190 per ounce<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Sissingu\u00e9 Gold Mine<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Production<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">33,917<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">20,000 &#8211; 30,000 ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">53,917 \u2013 63,917 ounces<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">All-in Site Cost<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">USD per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">1,701<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$2,100 \u2013 2,200 per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,880 \u2013 1,900 per ounce<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>PERSEUS GROUP<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Production<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">253,709<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \"><strong>215,000 &#8211; 250,000 ounces<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \"><strong>469,709 \u2013 504,709 ounces<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">All-in Site Cost<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">USD per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">1,162<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \"><strong>US$1,360 \u2013 1,435 per ounce<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \"><strong>US$1,250 \u2013 1,280 per ounce<\/strong><\/td>\n<\/tr>\n<\/table>\n<p>JUNE 2025 QUARTER EVENTS &amp; ANNOUNCEMENTS<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt; margin-bottom:3pt; text-align:justify;\">28 April \u2013 Nyanzaga Gold Project FID<\/li>\n<li style=\"margin-top:6pt; margin-bottom:3pt; text-align:justify;\">30 April \u2013 March 2025 Quarterly Report &amp; Webinar<\/li>\n<li style=\"margin-top:6pt; margin-bottom:3pt; text-align:justify;\">Late May \u2013 Five Year Production Forecast<\/li>\n<li style=\"margin-top:6pt; margin-bottom:3pt; text-align:justify;\">12 June \u2013 Nyanzaga Gold Project Technical Report<\/li>\n<\/ul>\n<p><strong>Competent Person Statement <\/strong><\/p>\n<p><em>All production targets referred to in this release are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code.<\/em><\/p>\n<p align=\"justify\"><strong><em>Edikan<\/em><\/strong><\/p>\n<p align=\"justify\"><em>The information in this release that relates to the Open Pit and Underground Mineral Resources and Ore Reserve at Edikan was updated by the Company in a market announcement \u201cPerseus Mining updates Mineral Resources and Ore Reserves\u201d released on 21August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in \u201cTechnical Report \u2014 Edikan Gold Mine, Ghana\u201d dated 7 April 2022 continue to apply.<\/em><\/p>\n<p><strong><em>Sissingu\u00e9, Fimbiasso and Bago\u00e9<\/em><\/strong><\/p>\n<p align=\"justify\"><em>The information in this release that relates to the Mineral Resources and Ore Reserve at the Sissingu\u00e9 complex was updated by the Company in a market announcement \u201cPerseus Mining updates Mineral Resources and Ore Reserves\u201d released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in \u201cTechnical Report \u2014 Sissingu\u00e9 Gold Project, C\u00f4te d\u2019Ivoire\u201d dated 29 May 2015 continue to apply.<\/em><\/p>\n<p><strong><em>Yaour\u00e9<\/em><\/strong><\/p>\n<p align=\"justify\"><em>The information in this release that relates to the Open Pit and Underground Mineral Resources and Ore Reserve at Yaour\u00e9 was updated by the Company in a market announcement \u201cPerseus Mining updates Mineral Resources and Ore Reserves\u201d released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in \u201cTechnical Report \u2014 Yaour\u00e9 Gold Project, C\u00f4te d\u2019Ivoire\u201d dated 19 December 2023 continue to apply. <\/em><\/p>\n<p align=\"justify\"><strong><em>Nyanzaga Gold Project<\/em><\/strong>\u00a0<\/p>\n<p align=\"justify\"><em>The information in this release that relates to the Mineral Resources and Ore Reserve at the Nyanzaga Gold Project complex was released updated by the Company in a market announcement \u201cPerseus Mining Proceeds with Development of Nyanzaga Gold Project\u201d released on 28 April 2025. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. <\/em>\u00a0<\/p>\n<p align=\"justify\"><strong><em>Meyas Sand Gold Project<\/em><\/strong><\/p>\n<p align=\"justify\"><em>The information in this report that relates to the mineral resources and probable reserves of the Meyas Sand Gold Project was first reported by the Company in a market announcement \u201cPerseus Enters Into Agreement to Acquire Orca Gold Inc.\u201d released on 28 February 2022. The Company confirms it is not in possession of any new information or data relating to those estimates that materially impacts of the reliability of the estimate of the Company\u2019s ability to verify the estimate as a mineral resource or ore reserve in accordance with Appendix 5A (JORC Code) and the information in that original market release continues to apply and have not materially changed. These estimates are prepared in accordance with Canadian National Instrument 43-101 standards and have not been reported in accordance with the JORC Code. A competent person has not done sufficient work to classify the resource in accordance with the JORC Code and it is uncertain that following evaluation and\/or further exploration work that the estimate will be able to be reported as a mineral resource or ore reserve in accordance with the JORC Code. This release and all technical information regarding Orca\u2019s NI 43-101 have been reviewed and approved by Adrian Ralph, a Qualified Person for the purposes of NI 43-101.<\/em><\/p>\n<p><strong>Caution Regarding Forward Looking Information: <\/strong><\/p>\n<p align=\"justify\"><em>This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaour\u00e9 Gold Mine, the Edikan Gold Mine and the Sissingu\u00e9 Gold Mine without any major disruption, development of a mine at Nyanzaga, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company&#8217;s publicly filed documents. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws.<\/em><\/p>\n<p align=\"center\"><strong>This market announcement was authorised for release by the Board of Perseus Mining Limited<\/strong><strong>.<\/strong><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; border-top: solid black 1pt ; vertical-align: top ; \"><strong>ASX\/TSX CODE: PRU<\/strong><\/p>\n<p><strong>CAPITAL STRUCTURE:<\/strong><\/p>\n<p>Ordinary shares: 1,365,414,823<\/p>\n<p>Performance rights: 10,056,681<\/p>\n<p><strong>REGISTERED OFFICE:<\/strong><\/p>\n<p>Level 2<\/p>\n<p>437 Roberts Road<\/p>\n<p>Subiaco WA 6008<\/p>\n<p>Telephone: +61 8 6144 1700<\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zIgDXcD2pq-tGcefRWZAEs51r3W_gmqHlg06RhR25oYHSQo2ViqpknkyVXMTO3LBTrPxDWiIOvixNtjoASunvhZdsojifjcQ7T3ZRN5o4Ljxxla0MK4DYmtxa7K4fhBL\" rel=\"nofollow\" target=\"_blank\" title=\"\"><strong><u>www.perseusmining.com<\/u><\/strong><\/a><\/p>\n<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; border-top: solid black 1pt ; vertical-align: top ; \"><strong>DIRECTORS:<\/strong><\/p>\n<p><strong>Rick Menell<\/strong><\/p>\n<p>Non-Executive Chairman<\/p>\n<p><strong>Jeff Quartermaine<\/strong><\/p>\n<p>Managing Director &amp; CEO <\/p>\n<p><strong>Amber Banfield<\/strong><\/p>\n<p>Non-Executive Director<\/p>\n<p><strong>Elissa Cornelius<\/strong><\/p>\n<p>Non-Executive Director<\/p>\n<p><strong>Dan Lougher<\/strong><\/p>\n<p>Non-Executive Director<\/p>\n<p><strong>John McGloin<\/strong><\/p>\n<p>Non-Executive Director<\/p>\n<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; border-top: solid black 1pt ; vertical-align: top ; \"><strong>CONTACTS:<\/strong><\/p>\n<p><strong>Jeff Quartermaine<\/strong><\/p>\n<p><em>Managing Director &amp; CEO<\/em><\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/04\/29\/3070875\/0\/en\/mailto:jeff.quartermaine@perseusmining.com\" rel=\"nofollow\" target=\"_blank\" title=\"\"><u>jeff.quartermaine@perseusmining.com<\/u><\/a><\/p>\n<p><strong>Stephen Forman<\/strong><\/p>\n<p><em>Investor Relations<\/em><\/p>\n<p>+61 484 036 681<\/p>\n<p><u>stephen.forman@perseusmining.com<\/u><\/p>\n<p><strong>Nathan Ryan<\/strong><\/p>\n<p><em>Media<\/em><\/p>\n<p>+61 420 582 887<\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/04\/29\/3070875\/0\/en\/mailto:nathan.ryan@nwrcommunications.com.au\" rel=\"nofollow\" target=\"_blank\" title=\"\"><u>nathan.ryan@nwrcommunications.com.au<\/u><\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<ul id=\"gnw_attachments_section-items\">\n<li>\n        <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=2afDrQXdF1VTn2zCURjiCrISiP-aemEfQmtG_H0OAaiTQsT4mu4kQXrnshd2hnQ7UdC0b8KSqii4hFiXBDkeWNF0i53KszLdAmUnmrMD-wYaD8ByelBD5k9uU6E-uV8mu1rMt1M5VfHDbZ6FkLZCPfbaa0SZHYAWHjuuIbnqv1CNuNt16DVBVwZwBG64K6idx-ojE2P-g-STuO5T_ECRvg==\" title=\"TSX Release_Quarterly Report FY25-Q3_Final\" rel=\"nofollow\">TSX Release_Quarterly Report FY25-Q3_Final<\/a>\n      <\/li>\n<\/ul>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Perth, April 30, 2025 (GLOBE NEWSWIRE) &#8212; MARCH 2025 QUARTER REPORT Strong performance of Perseus Mining\u2019s operations continues, cash &amp; bullion balance grows to US$801 million PERTH, Western Australia\/April 30, 2025\/Perseus Mining Limited (\u201cPerseus\u201d or the \u201cCompany\u201d) (TSX &amp; ASX: PRU) reports on its activities for the three months\u2019 period ended March 31, 2025 (the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":93449,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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