{"id":20598,"date":"2024-07-30T00:24:08","date_gmt":"2024-07-30T00:24:08","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/perseus-mining-delivers-another-impressive-quarter\/"},"modified":"2024-07-30T00:24:08","modified_gmt":"2024-07-30T00:24:08","slug":"perseus-mining-delivers-another-impressive-quarter","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/perseus-mining-delivers-another-impressive-quarter\/","title":{"rendered":"Perseus Mining Delivers Another Impressive Quarter"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"center\">Perth, July  30, 2024  (GLOBE NEWSWIRE) &#8212; <strong>JUNE 2024 QUARTER REPORT<\/strong><\/p>\n<p align=\"center\"><strong>Perseus Mining delivers strong production &amp; free cashflow resulting in cash and bullion of US$587 million after acquiring Nyanzaga<\/strong><\/p>\n<p><strong>PERTH, Western Australia\/ July 30, 2024\/<\/strong>Perseus Mining Limited (\u201cPerseus\u201d or the \u201cCompany\u201d) (TSX &amp; ASX: PRU) reports on its activities for the three months\u2019 period ended June 30, 2024 (the \u201cQuarter\u201d).<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;\"><strong>Key operating indicators and highlights<\/strong> for the June 2024 quarter (Q4 FY24) include<strong>:<\/strong><\/li>\n<\/ul>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"><strong>PERFORMANCE INDICATOR<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle ; \"><strong>UNIT<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>MARCH 2024<\/strong><br \/><strong>QUARTER<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>JUNE 2024<\/strong><br \/><strong>QUARTER<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>JUNE 2024 <\/strong><br \/><strong>HALF YEAR<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>2024 FINANCIAL YEAR<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Gold recovered<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Ounces<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>127,471<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>120,929<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>248,400<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>509,977<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Gold poured<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">128,356<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">121,726<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">250,084<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">511,138<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Production Cost<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">US$\/ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">923<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">947<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">934<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">882<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>All-In Site Cost (AISC)<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>US$\/ounce<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>1,091<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>1,173<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>1,130<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>1,053<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Gold sales<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">115,648<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">141,930<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">257,578<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">508,669<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Average sales price<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">US$\/ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">2,025<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">2,117<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">2,076<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">2,014<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Notional Cashflow<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>US$ million<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>119<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>117<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>236<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>490<\/strong><\/td>\n<\/tr>\n<\/table>\n<ul type=\"disc\">\n<li style=\"margin-bottom:10pt; text-align:justify;\">Group 12-month rolling average <strong>TRIFR at 1.06<\/strong>, slightly higher than in the March 2024 quarter (Q3 FY24) but still well below industry average.<\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\">In <strong>Q4 FY24,<\/strong> <strong>120,929 ounces of gold<\/strong> were produced at a weighted average <strong>All-in-Site Cost (AISC) of US$1,173 per ounce<\/strong>.<\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\">Gold production for the <strong>June 2024 Half Year (H2 FY24) and the 2024 Financial Year (FY24) of 248,400 ounces and 509,977 ounces,<\/strong> compared favourably to production guidance ranges of 226,000-254,000 ounces and 491,000 to 517,000 ounces respectively.<\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\"><strong>AISC for H2 FY24 of $1,130 per ounce and FY24 of US$1,053 per ounce<\/strong>, were below the bottom of the H2 FY24 cost guidance range of US$1,180 to US$1,340 per ounce and in the middle of the FY24 cost guidance range of US$1,000 to US$1,100 per ounce.<\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\">Average gold sales in Q4 FY24 increased 22.7% to 141,930oz. while average sales prices increased 4.5% quarter on quarter to US$2,117 per ounce.<\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\">Gold production and AISC guidance for the December 24 Half Year (H1 FY25) and Calendar Year 2024 (CY24) of 220,000 to 260,000 ounces at US$1,230 to US$1,330 per ounce and 468,400 ounces to 508,400 ounces at US$1,182 to US$1,223 per ounce respectively.<\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\">An average cash margin of US$944 per ounce was recorded in Q4 FY24 resulting in <strong>notional operating cashflow of US$117 million for the quarter and US$490 million for FY24.<\/strong><\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\">Perseus\u2019s balance sheet at the end of FY24 included available <strong>cash and bullion<\/strong> <strong>of US$587 million<\/strong>, plus liquid, listed securities of US$42 million and zero debt, with US$300 million of undrawn debt capacity available.<\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\">An all cash, off-market acquisition of ASX listed OreCorp Limited was completed during the quarter, providing Perseus with further growth potential in the form of the large scale Nyanzaga Gold Project in Tanzania. <\/li>\n<\/ul>\n<p align=\"justify\">Group Gold Production and Cost Market Guidance<\/p>\n<p>Forecast group gold production and AISC for the December 2024 half year (H1 FY25) and full 2024 calendar year are shown in the table below.<\/p>\n<p><strong><em>Production and Cost Guidance<\/em><\/strong><\/p>\n<table style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"><strong>PARAMETER<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"><strong>UNITS<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>JUNE 2024 HALF YEAR<\/strong><br \/><strong>(ACTUAL)<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>DECEMBER 2024 HALF YEAR<\/strong><br \/><strong>FORECAST<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"><strong>2024 CALENDAR YEAR<\/strong><br \/><strong>FORECAST<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Yaour\u00e9 Gold Mine<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Production<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">116,478<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">108,000 &#8211; 124,000 ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">224,478 \u2013 240,478 ounces<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">All-in Site Cost<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">USD per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">1,103<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,175 &#8211; 1,275\/ per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,140 &#8211; 1,186 per ounce<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Edikan Gold Mine<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Production<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">96,433<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">82,000 to 98,000 ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">178,433 to 194,433 ounces<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">All-in Site Cost<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">USD per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">999<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,200 -1,300 per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,100 -1,137 per ounce<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>Sissingu\u00e9 Gold Mine<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Production<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">35,489<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">30,000 \u2013 38,000 ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">65,489 \u2013 73,489 ounces<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">All-in Site Cost<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">USD per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">1,578<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,500 \u2013 1,600 per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,538 \u2013 1,588 per ounce<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"><strong>PERSEUS GROUP<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Production<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">Ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">248,400<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">220,000 \u2013 260,000 ounces<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">468,400 \u2013 508,400 ounces<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">All-in Site Cost<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \">USD per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">1,130<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,230 \u2013 1,330 per ounce<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; \">US$1,182 \u2013 1,223 per ounce<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">The guidance provided above, reflects Perseus\u2019s most recent Life of Mine Plans, taking into account, amongst other things, perceived cost inflation trends, and in the case of Yaour\u00e9, additional deferred waste stripping in the CMA pit, and the transition of mining activities into the Yaour\u00e9 open p<\/p>\n<p><strong>Competent Person Statement <\/strong><\/p>\n<p><em>All production targets referred to in this release are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code.<\/em><\/p>\n<p align=\"justify\"><strong><em>Edikan<\/em><\/strong><\/p>\n<p align=\"justify\"><em>The information in this release that relates to the Open Pit and Underground Mineral Resources and Ore Reserve at Edikan was updated by the Company in a market announcement \u201cPerseus Mining updates Mineral Resources and Ore Reserves\u201d released on 24 August 2023. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in \u201cTechnical Report \u2014 Edikan Gold Mine, Ghana\u201d dated 7 April 2022 continue to apply.<\/em><\/p>\n<p><strong><em>Sissingu\u00e9, Fimbiasso and Bago\u00e9<\/em><\/strong><\/p>\n<p align=\"justify\"><em>The information in this release that relates to the Mineral Resources and Ore Reserve at the Sissingu\u00e9 complex was updated by the Company in a market announcement \u201cPerseus Mining updates Mineral Resources and Ore Reserves\u201d released on 24 August 2023. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in \u201cTechnical Report \u2014 Sissingu\u00e9 Gold Project, C\u00f4te d\u2019Ivoire\u201d dated 29 May 2015 continue to apply.<\/em><\/p>\n<p><strong><em>Yaour\u00e9<\/em><\/strong><\/p>\n<p align=\"justify\"><em>The information in this release that relates to the Open Pit and Underground Mineral Resources and Ore Reserve at Yaour\u00e9 was updated by the Company in a market announcement \u201cPerseus Mining announces Open Pit and Underground Ore Reserve update at Yaour\u00e9\u201d released on 23 August 2023. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in \u201cTechnical Report \u2014 Yaour\u00e9 Gold Project, C\u00f4te d\u2019Ivoire\u201d dated 19 December 2023 continue to apply. <\/em><\/p>\n<p align=\"justify\"><strong><em>Nyanzaga Gold Project<\/em><\/strong>\u00a0<\/p>\n<p align=\"justify\"><em>ASX Listing Rules disclosure<\/em>\u00a0<br \/><em>All information on the Nyanzaga Mineral Resource and Ore Reserve estimates has been extracted from the OreCorp ASX announcements dated 12 September 2017 titled \u201cMRE Update for the Nyanzaga Project Increasing Category and Grade\u201d, 5 May 2022 titled \u201cDFS Completion and Kilimani Mineral Resource Estimate update within the Nyanzaga Special Mining Licence \u2013 Tanzania\u201d, and 22 August 2022 titled \u201cNyanzaga DFS Delivers Robust Results\u201d available on www.perseusmining.com. Perseus confirms that it is not aware of any new information or data that materially affect the information included in the original ASX announcements and that all material assumptions and technical parameters underpinning the estimates in the ASX announcements continue to apply and have not materially changed. Perseus confirms that the form and context in which the Competent Person\u2019s findings are presented have not been materially modified from the original ASX announcements.<\/em>\u00a0<\/p>\n<p align=\"justify\"><em>Canadian National Instrument NI43-101 disclosure<\/em>\u00a0<br \/><em>The information in this release relating to the Nyanzaga Gold Project is extracted from the OreCorp ASX announcements dated 12 September 2017 titled \u201cMRE Update for the Nyanzaga Project Increasing Category and Grade\u201d, 5 May 2022 titled \u201cDFS Completion and Kilimani Mineral Resource Estimate update within the Nyanzaga Special Mining Licence \u2013 Tanzania\u201d, and 22 August 2022 titled \u201cNyanzaga DFS Delivers Robust Results\u201d available on www.perseusmining.com. A Qualified Person has not done sufficient work to classify the Historical Estimates as current. As such, any Mineral Resource and Mineral Reserve estimates included in this section are Historical Estimates as defined in Canadian National Instrument 43-101 and are not reported as current Perseus estimates. The OreCorp Feasibility Study includes key assumptions for commodity prices, gold mining and processing costs, and there have been no material changes in assumptions. The OreCorp Feasibility Study in its current form is considered to be a comprehensive compilation of all available data applicable to the estimation of Mineral Resources and Mineral Reserves. Reference is made to Perseus\u2019s news release dated 31 May 2024 titled &#8220;Perseus progresses Nyanzaga Gold Project\u201d for further clarifying statements. Perseus confirms the applicability of these statements have not materially changed.<\/em>\u00a0<\/p>\n<p align=\"justify\"><strong><em>Meyas Sand Gold Project<\/em><\/strong><\/p>\n<p align=\"justify\"><em>The information in this report that relates to the mineral resources and probable reserves of the Meyas Sand Gold Project was first reported by the Company in a market announcement \u201cPerseus Enters Into Agreement to Acquire Orca Gold Inc.\u201d released on 28 February 2022. The Company confirms it is not in possession of any new information or data relating to those estimates that materially impacts of the reliability of the estimate of the Company\u2019s ability to verify the estimate as a mineral resource or ore reserve in accordance with Appendix 5A (JORC Code) and the information in that original market release continues to apply and have not materially changed. These estimates are prepared in accordance with Canadian National Instrument 43-101 standards and have not been reported in accordance with the JORC Code. A competent person has not done sufficient work to classify the resource in accordance with the JORC Code and it is uncertain that following evaluation and\/or further exploration work that the estimate will be able to be reported as a mineral resource or ore reserve in accordance with the JORC Code. This release and all technical information regarding Orca\u2019s NI 43-101 have been reviewed and approved by Adrian Ralph, a Qualified Person for the purposes of NI 43-101.<\/em><\/p>\n<p><strong>Caution Regarding Forward Looking Information: <\/strong><\/p>\n<p align=\"justify\"><em>This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaour\u00e9 Gold Mine, the Edikan Gold Mine and the Sissingu\u00e9 Gold Mine without any major disruption, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company&#8217;s publicly filed documents. The Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company\u2019s ability to carry on its exploration and development activities, the timely receipt of required approvals, the price of gold, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update forward-looking information, except in accordance with applicable securities laws.<\/em><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; border-top: solid black 1pt ; vertical-align: top ; \"><strong>ASX\/TSX CODE: PRU<\/strong><\/p>\n<p><strong>CAPITAL STRUCTURE:<\/strong><br \/>Ordinary shares: 1,373,791,215<br \/>Performance rights: 9,969,110<\/p>\n<p><strong>REGISTERED OFFICE:<\/strong><\/p>\n<p>Level 2<br \/>437 Roberts Road<br \/>Subiaco WA 6008<\/p>\n<p>Telephone: +61 8 6144 1700<\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PL5UcuPBfmhqa_buQnpMYTG5amWIQWoIuU7CO4l57Q_DRvyUqjEJPqMvjfJASXeC4WrQdA18B7WGgziSXtnBip2YSfiXiC3hDlSTpGZaCD51iKlxIMjSP8BSTtDyhgF2\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><strong>www.perseusmining.com<\/strong><\/a><\/p>\n<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; border-top: solid black 1pt ; vertical-align: top ; \"><strong>DIRECTORS:<\/strong><\/p>\n<p>Mr Jeff Quartermaine<br \/>Chairman &amp; CEO<\/p>\n<p>Ms Amber Banfield<br \/>Non-Executive Director <\/p>\n<p>Ms Elissa Cornelius<br \/>Non-Executive Director<\/p>\n<p>Mr Dan Lougher<br \/>Non-Executive Director<\/p>\n<p>Mr John McGloin<br \/>Non-Executive Director<\/p>\n<p>Mr Rick Menell <br \/>Non-Executive Director<\/p>\n<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; border-top: solid black 1pt ; vertical-align: top ; \"><strong>CONTACTS:<\/strong><\/p>\n<p><strong>Jeff Quartermaine<\/strong><br \/><em>Chairman &amp; CEO<\/em><br \/><a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/07\/29\/2920680\/0\/en\/mailto:jeff.quartermaine@perseusmining.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"jeff.quartermaine@perseusmining.com\">jeff.quartermaine@perseusmining.com<\/a><\/p>\n<p><strong>Stephen Forman<\/strong><br \/><em>Investor Relations<\/em><br \/>+61 484 036 681<br \/><u>stephen.forman@perseusmining.com<\/u><\/p>\n<p><strong>Nathan Ryan<\/strong><br \/><em>Corporate Relations<\/em><br \/>+61 420 582 887<br \/><a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/07\/29\/2920680\/0\/en\/mailto:nathan.ryan@nwrcommunications.com.au\" rel=\"nofollow noopener\" target=\"_blank\" title=\"nathan.ryan@nwrcommunications.com.au\">nathan.ryan@nwrcommunications.com.au<\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<ul id=\"gnw_attachments_section-items\">\n<li>\n        <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=8zc3bhpmgG1YzOiu3Jlgu0Pw_Yr7_-HUDvRkDYvAuaam7pnJy3y_V4PgTcrSU2T9C_DV6H7zTmwzOf-YVfft7yJQhy8r-8zyTT1360_qi1gKAeFI_OfHB0bPgw5KwFgmny9XLaCn-oCiCXJKQtsqvneGGMlMYMnt5zNEncMXR7jchTCagP27_cV2Xih9csDoKTQElGJDCi2ePfWw-6RcSg==\" title=\"240730 TSX Release_Quarterly Report FY24-Q4_Final\" rel=\"nofollow noopener\">240730 TSX Release_Quarterly Report FY24-Q4_Final<\/a>\n      <\/li>\n<\/ul>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Perth, July 30, 2024 (GLOBE NEWSWIRE) &#8212; JUNE 2024 QUARTER REPORT Perseus Mining delivers strong production &amp; free cashflow resulting in cash and bullion of US$587 million after acquiring Nyanzaga PERTH, Western Australia\/ July 30, 2024\/Perseus Mining Limited (\u201cPerseus\u201d or the \u201cCompany\u201d) (TSX &amp; ASX: PRU) reports on its activities for the three months\u2019 period [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20599,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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