Perseus Mining Announces 5 Year Gold Production Outlook

Core Viewpoint - Perseus Mining Limited has provided a five-year gold production and All-In Site Cost (AISC) outlook for FY26 to FY30, indicating a commitment to maintain or exceed gold production levels of 500,000 to 600,000 ounces annually at a cash margin of not less than US$500 per ounce [2][6][8]. Group Outlook - The company expects to recover a total of 2.6 million to 2.7 million ounces of gold, with average annual production of approximately 515,000 to 535,000 ounces during the five-year period [9][11]. - The weighted average AISC is forecasted to be between US$1,400 and US$1,500 per ounce, with a year-on-year variation of no more than ±10% [9][12]. - Total development capital allocated for the operating assets during this period is approximately US$878 million, which is excluded from the AISC estimate [9][12]. Financial Position - Perseus has cash and undrawn debt capacity exceeding US$1.1 billion, positioning the company to fund its five-year outlook and consider future growth opportunities [7]. - The company emphasizes a resilient balance sheet and strong operational performance as part of its capital allocation policy [9][21]. Production by Mine - Yaouré Gold Mine: Expected to produce 870,000 to 905,000 ounces with a weighted average AISC of US$1,480 to US$1,580 per ounce [16][24]. - Nyanzaga Gold Project: Forecasted to produce 725,000 to 750,000 ounces at a lower AISC of US$1,230 to US$1,330 per ounce, contributing significantly to the portfolio [30][32]. - Edikan Gold Mine: Anticipated production of 720,000 to 750,000 ounces with an AISC of US$1,450 to US$1,550 per ounce [34][35]. - Sissingué Gold Mine: Projected to yield 265,000 to 275,000 ounces at an AISC of US$1,580 to US$1,680 per ounce [42]. Key Production Indicators - The five-year production outlook includes detailed annual production targets, ore mined, and milling metrics across the various mines, indicating a systematic approach to resource management [19][25][41]. - The company plans to optimize its portfolio by balancing growth opportunities with cash margin generation [10][22]. Strategic Focus - Perseus is committed to brownfields exploration and optimizing its existing mining leases to support ongoing production growth [39]. - The company is also considering inorganic growth opportunities but prioritizes internal organic growth in established jurisdictions [22].