NOT FOR DISTRIBUTION TO NEWSWIRE SERVICES IN U.S. OR FOR DISSEMINATION IN U.S. MISSISSAUGA, Ontario, Dec. 03, 2025 (GLOBE NEWSWIRE) -- KP Tissue Inc. (KPT) (TSX: KPT) announced today that Kruger Products Inc. (“KPI”) has, pursuant to an underwriting agreement entered into today, agreed to issue and sell CDN $165 million principal amount of 6.250% Senior Unsecured Notes (the “Notes”) due December 10, 2032 by way of private placement (the “Offering”). Interest on the Notes is payable semi-annually in arrears ...

Core Viewpoint - Perseus Mining Limited reported strong operational performance for the quarter ending June 30, 2024, with significant increases in cash and bullion balance, reaching US$827 million, alongside a robust production outlook for the next five years [2][3]. Group Performance Summary - Gold recovered in the June 2025 quarter was 121,237 ounces, with a total of 496,551 ounces for the financial year 2025 [2]. - The average gold sales price increased to US$2,977 per ounce, contributing to a notional cash flow of US$189 million for the quarter [2]. - The All-In Site Cost (AISC) for the June quarter was US$1,417 per ounce, with a production cost of US$1,038 per ounce [2]. Future Production Guidance - For the financial year 2026, Perseus projects gold production between 400,000 and 440,000 ounces, with AISC guidance of US$1,460 to US$1,620 per ounce [3]. - The company anticipates an average annual gold production of 515,000 to 535,000 ounces over the next five years [2]. Nyanzaga Gold Project Development - A Final Investment Decision (FID) was made to develop the Nyanzaga Gold Project, with site works on schedule for first gold production targeted in January 2027 [2]. - Infill drilling results at Nyanzaga are expected to lead to a Mineral Resource and Ore Reserve upgrade in Q3 FY26, potentially extending the mine life [2]. Financial Position - Perseus holds US$827 million in cash and bullion, along with US$118 million in liquid listed securities, and has zero debt with an undrawn debt capacity of US$300 million [2]. - The company is executing a share buy-back program, with approximately 73% completed, having purchased and cancelled 22,995,853 shares [2]. Cost Trends in the Gold Sector - The global gold sector is experiencing rising costs, influenced by increased royalties and indirect charges from host governments, as well as higher operational costs such as wages and freight [6][7]. - Specific site-related factors, such as power supply interruptions at the Yaouré Gold Mine, are expected to impact operational costs in FY26 [7].