Northwire Canada EditionThursday, November 12, 2026
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December 2025 Quarter Report

By The Northwire Desk — AI Analysis Jan 28, 2026 · 19:15 PRU · 6.25 Perseus Mining Limited
PRU · Price

Executive Summary

  • Perseus Mining reported Q2 FY26 gold production of 88,888 oz at an All‑In Site Cost (AISC) of US$1,800 per ounce and generated notional operating cash flow of US$145 million.
  • Cash & bullion balance stands at US$755 million with liquid listed securities of US$229 million.
  • Updated 2026 production and cost guidance was provided, reflecting higher gold price assumptions and a negotiated 2 % royalty increase in Côte d’Ivoire.

Key Details

  • Production: 88,888 oz of gold produced in Q2 FY26; total gold recovered for the quarter 188,841 oz (including prior periods).
  • Cost Metrics: AISC = US$1,800/oz; All‑In Site Cost = US$1,800/oz; Average cash margin = US$1,637/oz.
  • Cash Flow: Notional operating cash flow of US$145 million for the quarter; total cash & bullion balance US$755 million plus US$229 million in liquid securities.
  • Safety Incident: On 26 January, two contract employees were killed in an off‑site vehicle accident.
  • Project Updates:
  • CMA Underground delivered first ore in January 2026.
  • Nyanzaga project progressing; first production targeted for Jan 2027.
  • Ongoing life‑extension work via resource conversion and drilling.
  • Guidance (FY26):
  • Yaouré: 168,000–184,000 oz @ US$1,620–1,790/oz AISC.
  • Edikan: 154,000–169,000 oz @ US$1,470–1,620/oz AISC.
  • Sissingué: 78,000–87,000 oz @ US$1,810–2,000/oz AISC.
  • Group Total: 400,000–440,000 oz @ US$1,600–1,760/oz AISC.
  • Assumptions & Updates: Guidance reflects increased gold price assumptions and a 2 % royalty increase in Côte d’Ivoire (Yaouré & Sissingué). Mining volumes at Bagoé (Sissingué) moved forward from FY27 to FY26.
  • Technical Statements: Production targets are underpinned by JORC‑compliant Ore Reserves; no material changes to prior technical reports.
  • Capital Structure: Ordinary shares – 1,351,230,319; Performance rights – 8,654,248.

Notable Quotes

(No direct quotes were included in the release.)

Read the original news release →

More from Perseus Mining Limited

Oct 26, 2026 · 17:05

Perseus Q1 output beat plans while AISC topped the range, with the Nyanzaga project on track for a January 2027 start.

Earnings Aug 25, 2026 · 18:30

Perseus expands reserves by 40%, a growth narrative the market has already priced into the stock price.

Resource Estimate Jul 29, 2026 · 18:15

Perseus sees FY27 AISC guide jump 14% year-on-year at the midpoint, eroding margins despite a record cash pile.

Earnings Jul 16, 2026 · 18:45

Perseus reports Yaouré open pit grades and widths exceed reserves by 24%, supported by a $34 million drilling program to extend mine life.

Drill Results Jun 30, 2026 · 22:38

Perseus awaits Q3 FY26 results to assess Nyanzaga ramp-up and cost trajectory.

Earnings Jun 14, 2026 · 19:31

Perseus upsizes its buyback to A$150M, reflecting confidence in cash generation during the Nyanzaga ramp-up and portfolio optimization.

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