PRU September 2026 Quarter Report

Perseus Mining Limited (PRU) released its September 2026 Quarter Report (Q1 FY27) on 27 October 2026, detailing group gold production of 92,551 ounces. The company described the output as exceeding plan, with an All-In Site Cost (AISC) of US$2,035 per ounce. This performance generated an average cash margin of US$1,846 per ounce and a notional operating cashflow of US$171 million.

Operational highlights included the Yaouré CMA Underground mine, which achieved commercial production on 1 July 2026. As this is the first year the mine is included in group cost metrics, its results are reflected in the quarterly figures. Perseus reported that the Nyanzaga Gold Project is 88.4% complete and remains on budget and on schedule for first production by January 2027. The project has recorded 10.9 million man-hours lost-time injury-free.

Per-mine results for the quarter showed Yaouré producing 36,648 ounces at an AISC of US$2,393 per ounce. The Edikan mine produced 35,830 ounces at an AISC of US$1,738 per ounce, while Sissingué produced 20,073 ounces at an AISC of US$1,913 per ounce. Nyanzaga reported nil production as costs were capitalised.

The company’s balance sheet holds cash and bullion of US$900 million, alongside liquid listed securities of US$338 million, leaving the firm debt-free. Perseus maintained its FY27 guidance unchanged, forecasting production of 420,000–480,000 ounces at an AISC of US$1,835–2,070 per ounce. These projections are based on a gold price of US$4,000 per ounce and royalty rates of 8% in Côte d'Ivoire and 11% in Ghana.

Perseus restated its capital structure to include 1,326,111,555 ordinary shares and 7,286,920 performance rights. Chief Executive Officer flags an upcoming Special Distribution alongside the ongoing share buyback.

Perseus Mining Limited (PRU) released its quarterly update, confirming that production guidance remains unchanged and output continues to exceed plan. Operational milestones, including commercial production at the CMA mine and Nyanzaga reaching approximately 88% completion, were previously outlined in the company’s June quarter and April releases.

The update provided new data on the first-quarter cost and volume mix, reporting that All-In Sustaining Costs (AISC) landed at the high end of expectations and Yaouré’s costs exceeded its guided band. Additionally, the company’s cash position decreased from US$1.03 billion to US$900 million. The release serves as a scheduled quarterly update with no changes to reserves, guidance, or strategic stakes.

Perseus Mining Limited (ASX/TSX: PRU) is a debt-free, mid-tier African gold producer headquartered in Subiaco, Perth. The company’s producing assets include the Yaouré mine in Côte d'Ivoire, which features the newly commercial CMA Underground, the first mechanised underground mine in the country; the Edikan mine in Ghana, described as a low-cost, high-volume open-pit operation; and the Sissingué mine in Côte d'Ivoire, a smaller, higher-cost operation.

Perseus is also developing the Nyanzaga project in Tanzania, an 80%-owned venture with 4.0 moz of reserves targeting approximately 200 koz/a over a 16-year life, with first gold targeted for January 2027. In portfolio actions, the company divested the Meyas Sand Gold Project in Sudan for US$260 million, a transaction completed in April 2026 due to armed conflict. Perseus holds a 9.9% stake in Aurum Resources, which manages the Boundiali project adjacent to Sissingué, and retains a listed investment in Predictive Discovery.

Management changes include Craig Jones, who became managing director and CEO in October 2025, succeeding Jeff Quartermaine. Wade Bickley was appointed chief operating officer in July 2026.