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].

Perth, June 10, 2025 (GLOBE NEWSWIRE) -- CHANGE TO PERSEUS’S SENIOR MANAGEMENT TEAM Perth, Western Australia/June 10, 2025/ Perseus Mining Limited (ASX/TSX: PRU) wishes to advise that Ms Amanda Weir has resigned as Chief Operating Officer of Perseus to pursue other opportunities. Ms Weir will formally leave the Company with effect from July 2, 2025. Mr Brett Hartmann, Perseus’s current General Manager Operations, will assume responsibilities for the operations, while the Company considers its longer-term le ...

Core Viewpoint - Perseus Mining Limited has made a Final Investment Decision (FID) to develop the Nyanzaga Gold Project in Tanzania, following an updated feasibility study [1][2]. Investment Overview - The company plans to invest approximately US$523 million for the development and operation preparation of the mine, with first gold production expected in Q1 2027 [2]. - The funding will be sourced from interest-free intercompany loans, utilizing Perseus's existing cash and bullion balance of US$801 million as of March 31, 2025 [2]. Project Development - To date, Perseus has invested around US$27.5 million in building project team capacity and initiating early works, including site establishment and bulk earthworks [3]. - The updated feasibility study indicates a shift to a large-scale, wholly open-pit mining operation for the first phase, as opposed to a smaller combined open-pit and underground option previously considered [4]. Production and Financial Metrics - Total gold production over an 11-year Phase 1 mine life is estimated at 2.01 million ounces, with an average annual production of over 200,000 ounces from FY28 to FY35, peaking at 246,000 ounces in FY28 [6]. - The estimated average All-In Site Cost (AISC) is US$1,211 per ounce, with total capital costs for the plant and site infrastructure estimated at US$472 million, including contingencies [6]. - The project is projected to generate an undiscounted free cash flow of US$1,133 million pre-tax and US$706 million post-tax, with a Net Present Value (NPV10%) of US$404 million pre-tax and US$202 million post-tax [6]. Government Engagement - The FID follows constructive engagement with the Government of Tanzania to clarify terms of an existing Framework Agreement for the project's development and operation [7]. Future Exploration - A second phase of resource definition drilling is currently underway, aimed at converting Inferred Mineral Resources into Indicated Mineral Resources, potentially extending the mine's operational life beyond the projected 11 years [8].