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PRU increases Nyanzaga Project Ore Reserves to 4.0Moz
Globenewswire· 2026-02-19 21:45
Core Viewpoint - Perseus Mining Limited has announced a significant increase in the Ore Reserve for the Nyanzaga Gold Project in Tanzania, now totaling 4.0 million ounces (Moz), which is a 73% increase from the previous estimate of 2.3 Moz reported in April 2025 [1][2]. Group 1: Ore Reserve Details - The updated Ore Reserve for the Nyanzaga Gold Project is classified as Probable, based on a total of 90.9 million tonnes (Mt) grading 1.38 grams per tonne (g/t) gold, containing 4.0 Moz of gold [17][18]. - The mine life for the Nyanzaga Gold Project has been extended to 16 years, with 14 years of production expected to exceed 200,000 ounces (koz) per annum [2][8]. - The increase in Ore Reserves is supported by approximately 82,700 meters of drilling aimed at infilling and extending mineralization, converting Inferred Mineral Resources to Indicated [4][9]. Group 2: Production and Financial Metrics - Total gold production over the 16-year mine life is estimated at 3.5 Moz, based on the updated Probable Ore Reserve [5]. - The average All-In Site Cost (AISC) over the life of the mine is projected to be US$1,621 per ounce [14]. - The project is expected to generate an undiscounted free cash flow post-tax of US$2,651 million, with a Net Present Value (NPV) of US$864 million at a 10% discount rate and an Internal Rate of Return (IRR) of 28.8% post-tax [14]. Group 3: Mineral Resource Estimate - The combined Measured and Indicated Mineral Resource for the Nyanzaga Gold Project is estimated at 110.4 Mt grading 1.33 g/t Au, containing 4.7 Moz of gold, with an additional 6.5 Mt classified as Inferred Mineral Resources [9][11]. - The mineralization is concentrated in two deposits: Tusker and Kilimani, with significant contributions from both areas [9][12]. Group 4: Tenement and Ownership Structure - Perseus Mining holds an 80% interest in the Nyanzaga Gold Project, with the Government of Tanzania owning a 20% non-contributing interest [8][12]. - The project is supported by a Special Mining Lease and several granted prospecting licenses, ensuring a stable tenure for operations [12][13].
PRU H1 FY26 Results Announcement
Globenewswire· 2026-02-19 21:45
Perth, WA, Feb. 20, 2026 (GLOBE NEWSWIRE) -- PERSEUS MINING REPORTS US$185.5 MILLION PROFIT AFTER TAX FOR H1 FY26 AND INCREASES INTERIM DIVIDEND BY 100% TO AUD 5.0 CENTS. Mid-tier, gold producer, developer and explorer, Perseus Mining Limited (ASX/TSX: PRU) is pleased to report material improvements across all key financial metrics including revenue, EBITDA, profit after tax, operating cash flow and net cash position in its Interim Financial Report for the six months ending 31 December 2025 (H1 FY26). HIGHL ...
Half Year FY26 Results - Investor Webinar (corrected version)
Globenewswire· 2026-02-04 02:38
Core Viewpoint - Perseus Mining Limited is set to host an investor webinar and conference call to discuss its H1 FY26 results, scheduled for release on February 20, 2026 [1]. Group 1: Webinar Details - The investor webinar will take place at 8:30am AEDT on February 20, 2026, in Perth, Australia [1]. - The corresponding times for other regions are: Vancouver at 3:00pm on February 19, Toronto at 6:00pm on February 19, and London at 11:00pm on February 19 [2]. Group 2: Registration and Participation - Interested participants can register for the webinar through a provided link, and a confirmation email will be sent with joining information [2]. - For those joining via telephone, specific dial-in numbers for various locations are provided, including Australia, Singapore, Canada, USA, New Zealand, and the UK [3]. Group 3: Company Information - Perseus Mining Limited is listed on ASX/TSX under the code PRU, with a capital structure that includes 1,351,230,319 ordinary shares and 8,654,248 performance rights [3]. - The announcement regarding the webinar was approved for release by Craig Jones, the Managing Director and CEO of Perseus Mining [5].
Quarterly Report Investor Webinar
Globenewswire· 2026-02-04 00:57
Core Insights - Perseus Mining Limited (ASX/TSX: PRU) is set to host an investor webinar and conference call to discuss its H1 FY26 Results, scheduled for release on February 20, 2026, at 8:30am AEDT [1] Group 1: Webinar Details - The investor webinar will take place on February 20, 2026, at 7:00am in Perth, 10:00am in Sydney/Melbourne, and will be held on February 19, 2026, at 3:00pm in Vancouver and 11:00pm in London [2] - Registration for the webinar is available through a provided link, and participants will receive a confirmation email with joining information [2] Group 2: Dial-in Information - Participants can join the webinar via telephone using specific numbers based on their location, with a Webinar ID of 870 8680 3471 [3] - International dial-in numbers are also available for various countries, including Australia, Singapore, Canada, USA, New Zealand, and the United Kingdom [3] Group 3: Company Information - Perseus Mining's capital structure includes 1,351,230,319 ordinary shares and 8,654,248 performance rights [3] - The announcement regarding the webinar was approved for release by Craig Jones, the Managing Director and CEO of Perseus Mining [5]
Bagoe Update
Globenewswire· 2026-01-19 06:34
Core Viewpoint - Perseus Mining Limited has reported a tragic incident involving a fatal vehicle accident near its Bagoé Gold Mine in Côte d'Ivoire, resulting in the death of an employee from its contractor company Binkadi and minor injuries to other passengers [1][2]. Group 1 - The accident occurred on January 15, 2026, and involved a vehicle carrying employees of Perseus and its contractor [1]. - The company has expressed condolences to the family of the deceased employee, Mr. Vakaramoko Sangare, and is providing support to the family and its team at the Sissingué complex [2]. - An investigation into the accident is ongoing, with Perseus working closely with relevant Ivorian authorities [2].
Bagoe Accident
Globenewswire· 2026-01-16 05:01
Core Viewpoint - Perseus Mining Limited reports a tragic incident involving the fatal injury of an employee, Mr. Moussa Doumbia, in an offsite vehicle accident near the Bagoé Gold Mine in Côte d'Ivoire on January 15, 2026 [2][3]. Group 1 - The company expresses condolences to Mr. Doumbia's family and is providing support to them during this difficult time [3]. - Both Perseus and its ore haulage contractor, Binkadi, are offering assistance to their team at the Sissingué complex as they cope with the loss of a colleague [3]. - An investigation into the accident has been initiated by Perseus, in consultation with the relevant Ivorian authorities [3].
December 25 Quarterly Investor Webinar
Globenewswire· 2026-01-06 02:14
Core Viewpoint - Perseus Mining Limited is set to host an investor webinar and conference call to discuss its December 2025 Quarterly Results, scheduled for release on January 29, 2026 [1]. Group 1: Webinar Details - The investor webinar will take place on January 29, 2026, at 8:30 am AEDT [1]. - The call will be accessible at different times for various regions: - Australia: 6:00 am - Canada: January 28, 2026, at 2:00 pm - UK: January 28, 2026, at 10:00 pm [2]. Group 2: Registration and Access - Registration for the webinar can be completed via a provided link, with a confirmation email sent post-registration [2]. - Participants can join the webinar via telephone using specific dial-in numbers based on their location, with a Webinar ID of 879 6186 9977 [3]. Group 3: Company Information - Perseus Mining Limited is listed on ASX/TSX under the code PRU, with a capital structure that includes 1,351,230,319 ordinary shares and 8,654,248 performance rights [3]. - The company’s registered office is located at Level 2, 437 Roberts Road, Subiaco WA 6008, Australia [3]. Group 4: Conference Call Recording - A recording of the conference call will be available on Perseus's website following the event [5].
Perseus Mining Refinances and Upsizes Debt Facility to US$400M
Globenewswire· 2025-12-23 01:41
Core Viewpoint - Perseus Mining Limited has successfully refinanced and increased its debt facility to US$400 million, enhancing its liquidity and financial flexibility while receiving strong support from a consortium of international banks [2][5]. Debt Facility Details - The existing syndicated loan facility was amended from US$300 million to US$400 million, with an additional US$100 million Accordion Option [2][8]. - The new facility has a three-year term with an option to extend for two additional years [2][8]. - Competitive pricing was achieved, resulting in a total margin reduction of 125 basis points from the previous facility due to strong demand [2][5]. Financial Position - Perseus's net cash position as of September 30, 2025, was US$837 million, providing the company with over US$1,237 million in available liquidity [3][8]. - The company is fully funded to pursue its 5-Year Outlook and future growth opportunities while maintaining a commitment to return funds to shareholders through dividends and share buybacks [6][8]. Banking Consortium - The new banking consortium includes eight international banks, with two new additions: JP Morgan (Australia) and Standard Chartered (Australia) [4][5]. - The existing banks in the consortium include Macquarie Bank Limited, Nedbank Limited, Absa Bank (Mauritius) Limited, Citi, FirstRand Bank Limited, and Standard Bank of South Africa Limited [4][5].
Proposal to Acquire PDI No Longer Deemed Superior
Globenewswire· 2025-12-11 02:54
Core Points - Perseus Mining Limited's binding offer to acquire Predictive Discovery Limited has been terminated due to a revised Arrangement Agreement received by Predictive from Robex Resources Inc. which matched Perseus's offer [1][2] Group 1 - Perseus Mining's offer was announced on December 3, 2025, and was contingent upon Robex not executing its matching right [2] - The Predictive Board has determined that the revised proposal from Robex is superior, leading to the termination of Perseus's offer [1][2]
Receipt of Superior Proposal from Predictive Discovery Limited
Globenewswire· 2025-12-03 03:43
Core Viewpoint - Robex Resources Inc. has received a notice from Predictive Discovery Limited indicating that an unsolicited proposal from Perseus Mining Limited is considered a Superior Proposal under their existing Arrangement Agreement [1]. Group 1: Proposal Details - The Arrangement Agreement allows Robex a five business day matching period to propose a matching or superior offer, which started on December 2, 2025, and will end at 11:59 p.m. EST on December 10, 2025 [2]. - The Robex Board of Directors is currently assessing its options in light of this unsolicited proposal [2]. Group 2: Company Commitment - Robex is committed to acting in the best interests of its shareholders and will provide further updates as necessary [3]. - Shareholders are not required to take any action at this time regarding the proposal [3].