{"id":22818,"date":"2024-10-22T22:05:11","date_gmt":"2024-10-22T22:05:11","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/perseus-mining-september-quarter-report\/"},"modified":"2024-10-22T22:05:11","modified_gmt":"2024-10-22T22:05:11","slug":"perseus-mining-september-quarter-report","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/perseus-mining-september-quarter-report\/","title":{"rendered":"Perseus Mining September Quarter Report"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"left\" style=\"text-align: left;\">Perth, Oct.  23, 2024  (GLOBE NEWSWIRE) &#8212; <\/p>\n<p align=\"center\"><strong>Perseus Mining consistently delivers strong production, cashflow and growth, resulting in a cash &amp; bullion balance of US$643 million<\/strong><\/p>\n<p>Perseus Mining Limited (\u201cPerseus\u201d or the \u201cCompany\u201d) (TSX &amp; ASX: PRU) reports on its activities for the three months\u2019 period ended September 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 September 2024 quarter (Q1 FY25) 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-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>SEPTEMBER 2024<\/strong><br \/><strong>QUARTER<\/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>CALENDAR 2024<\/strong><br \/><strong>YEAR TO DATE<\/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>121,290<\/strong>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>369,690\u00a0<\/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 ; \"><strong>121,370<\/strong>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">371,453\u00a0<\/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 ; \"><strong>991<\/strong>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">953\u00a0<\/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>1,201<\/strong>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>1,153\u00a0<\/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 ; \"><strong>108,894<\/strong>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">366,472\u00a0<\/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 ; \"><strong>2,249<\/strong>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">2,127\u00a0<\/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>127<\/strong>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; \"><strong>363\u00a0<\/strong><\/td>\n<\/tr>\n<\/table>\n<ul type=\"disc\">\n<li style=\"margin-bottom:10pt; text-align:justify;\">Group 12-month rolling average TRIFR at 0.97, a reduction compared to the June 2024 quarter (Q4 FY24) of 1.06 and well below industry average.<\/li>\n<li style=\"margin-top:1pt; margin-bottom:10pt;\"><strong>121,290 ounces of gold<\/strong> produced at a weighted average <strong>All-in-Site Cost (AISC) of US$1,201 per ounce<\/strong>.\u00a0\u00a0<\/li>\n<li style=\"margin-top:1pt; margin-bottom:10pt;\">Average gold sales decreased 23% to 108,894oz due to the timing of gold shipments. The average gold sales prices increased 6% quarter-on-quarter to US$2,249 per ounce.\u00a0<\/li>\n<li style=\"margin-top:1pt; margin-bottom:10pt;\">Gold production and AISC remains<strong> on track<\/strong> <strong>to achieve market guidance<\/strong> for the December 2024 Half Year (1H FY25) and Calendar Year 2024 (CY24).<\/li>\n<li style=\"margin-top:1pt; margin-bottom:10pt;\"><strong>Market guidance remains unchanged<\/strong> at 220,000 to 260,000 ounces at US$1,230 to US$1,330 per ounce for H1 FY25 and 468,400 ounces to 508,400 ounces at US$1,182 to US$1,223 per ounce for CY24.\u00a0<\/li>\n<li style=\"margin-top:1pt; margin-bottom:10pt;\">An average cash margin of US$1,048 per ounce of gold produced resulted in <strong>notional operating cashflow of US$127 million for the quarter and US$363 million for CY24 to date.<\/strong><\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\"><strong>Available<\/strong><strong> cash and bullion<\/strong> <strong>of US$643 million<\/strong>, plus liquid, listed securities of US$84 million and zero debt, with US$300 million of undrawn debt capacity available at the end of Q1 FY25.<\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\">Work on Perseus\u2019s two development projects, the CMA Underground project at Yaour\u00e9 and the recently acquired Nyanzaga Gold Project in Tanzania, progressed towards a Final Investment Decisions (FID) around year end.<\/li>\n<li style=\"margin-bottom:10pt; text-align:justify;\">Acquired a 19.9% stake in ASX-listed Predictive Discovery Limited with the cash outlay largely offset by the proceeds received from the sale of Perseus\u2019s 9.6% interest in TSX-V listed Montage Gold Corp.\u00a0<\/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 (1H FY25) and full 2024 calendar year <strong><u>remains unchanged<\/u><\/strong> and is shown in the <strong><em>Table <\/em><\/strong> 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>DECEMBER 2024 QUARTER EVENTS &amp; ANNOUNCEMENTS<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:6pt; margin-bottom:3pt; text-align:justify;\">Oct 23 \u2013 September 2024 Quarterly Report &amp; Webinar<\/li>\n<li style=\"margin-top:6pt; margin-bottom:3pt; text-align:justify;\">Nov 6 \u2013 Macquarie WA Forum<\/li>\n<li style=\"margin-top:6pt; margin-bottom:3pt; text-align:justify;\">Nov 11 &amp; 12 \u2013 UBS Australasia Conference<\/li>\n<li style=\"margin-top:6pt; margin-bottom:3pt; text-align:justify;\">Nov \u2013 FID on CMA Underground Project &amp; Award of Underground Mining Services COntracct<\/li>\n<li style=\"margin-top:6pt; margin-bottom:3pt; text-align:justify;\">Nov 22 \u2013 Annual General Meeting <\/li>\n<\/ul>\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 21August 2024. 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 21 August 2024. 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 updates Mineral Resources and Ore Reserves\u201d released on 21 August 2024. 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 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><\/p>\n<p>Ordinary shares: 1,376,151,886<\/p>\n<p>Performance rights: 6,941,689<\/p>\n<p><strong>REGISTERED OFFICE:<\/strong><\/p>\n<p>Level 2<\/p>\n<p>437 Roberts Road<\/p>\n<p>Subiaco WA 6008<\/p>\n<p>Telephone: +61 8 6144 1700<\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HoyS_vkpVXKvBIwwhENw6UDB_baJPDzdmttqUJ9w6SIweGKYXJ5LWtnpn-yQ09_e5v9Ote3w2OiHRGNTRGbpSYslbFAImUQ-qWFizctK-dvrvxSGdshvEmNUCR9bCMEI\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><strong><u>www.perseusmining.com<\/u><\/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>Rick Menell<\/p>\n<p>Non-Executive Chairman<\/p>\n<p>Jeff Quartermaine<\/p>\n<p>Managing Director &amp; CEO <\/p>\n<p>Amber Banfield<\/p>\n<p>Non-Executive Director<\/p>\n<p>Elissa Cornelius<\/p>\n<p>Non-Executive Director<\/p>\n<p>Dan Lougher<\/p>\n<p>Non-Executive Director<\/p>\n<p>John McGloin<\/p>\n<p>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><\/p>\n<p><em>Managing Director &amp; CEO<\/em><\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/10\/22\/2967385\/0\/en\/mailto:jeff.quartermaine@perseusmining.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>jeff.quartermaine@perseusmining.com<\/u><\/a><\/p>\n<p><strong>Stephen Forman<\/strong><\/p>\n<p><em>Investor Relations<\/em><\/p>\n<p>+61 484 036 681<\/p>\n<p><u>stephen.forman@perseusmining.com<\/u><\/p>\n<p><strong>Nathan Ryan<\/strong><\/p>\n<p><em>Media<\/em><\/p>\n<p>+61 420 582 887<\/p>\n<p><a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/10\/22\/2967385\/0\/en\/mailto:nathan.ryan@nwrcommunications.com.au\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>nathan.ryan@nwrcommunications.com.au<\/u><\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<ul id=\"gnw_attachments_section-items\">\n<li><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3ols6vhX3apEaHx5DMFBgLmNzIMmm5wFaQTKVQER6I0QYNhcNO0hARDyE3Yrgv8WRDr5_sCh84GbLyRHxvJVLcpdfewIhPCWyOYHaj9OYZCAMh-MrehCoI2JU3qF2RFkGAX7t4S-jIhvPHBc_hXHuCTwSB0HUM4I63w_ZiI8-Q9LG7SLLI4jVIr_xWqQiZR2Sw9MMI__JjBTS5322wLQ4g==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"20241023 TSX_Quarterly Report FY25-Q1_Final\">20241023 TSX_Quarterly Report FY25-Q1_Final<\/a><\/li>\n<\/ul>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Perth, Oct. 23, 2024 (GLOBE NEWSWIRE) &#8212; Perseus Mining consistently delivers strong production, cashflow and growth, resulting in a cash &amp; bullion balance of US$643 million Perseus Mining Limited (\u201cPerseus\u201d or the \u201cCompany\u201d) (TSX &amp; ASX: PRU) reports on its activities for the three months\u2019 period ended September 30, 2024 (the \u201cQuarter\u201d). Key operating indicators [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":22819,"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 center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/d81fe1a4-caa3-4d08-82e7-e98148f615d9","fifu_image_alt":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-22818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/22818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=22818"}],"version-history":[{"count":0,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/22818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/22819"}],"wp:attachment":[{"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=22818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=22818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allonlinebanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=22818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}