From GlobeNewswire: 2025-06-10 18:40:00

Perseus Mining Limited has announced its gold production and All-In Site Cost (AISC) outlook for the five-year period from FY26 to FY30. The company expects to recover 2.6Moz – 2.7Moz of gold with average production of 515koz – 535koz per annum. The AISC is forecasted to be US$1,400/oz – US$1,500/oz. The outlook is underpinned by geological and technical confidence, with 93% of gold ounces in the mine plan comprising existing Ore Reserves. Perseus’s commitment to producing 500,000 to 600,000 ounces of gold per year at a cash margin of at least US$500/oz is emphasized.

The company’s five-year outlook includes a sustainable gold production target of 500koz to 600koz per annum at a cash margin of no less than US$500/oz. The portfolio will see contributions from Yaouré, Edikan, and Sissingué mines, with Nyanzaga expected to provide 28% of the metal production. The weighted average AISC over the five-year period is estimated to be US$1,400/oz – US$1,500/oz. The outlook is part of Perseus’s strategy to optimize its portfolio and balance investment in growth opportunities with cash margin generation.

Perseus’s Yaouré Gold Mine is expected to produce 870koz – 905koz of gold with a weighted average AISC of $1,480/oz – $1,580/oz over the next five years. The mine plan includes the recently approved CMA underground operation, which will contribute approximately 20% of the total ore mined on-site. The mine life has been extended to 2035, with a temporary reduction in gold production in FY26 due to various factors.

Nyanzaga Gold Mine is projected to be the lowest cost operation in Perseus’s portfolio, with gold production totaling 725koz – 750koz and a weighted average AISC of US$1,230/oz – US$1,330/oz. The mine will provide initial ore supply to the mill from the Kilimani pit, with the remainder sourced from the main Nyanzaga deposit. The project has a capital cost estimate of US$523M to first gold pour.

Edikan’s updated five-year outlook includes mining from the Nkosuo deposit and the Esuajah North pit cutback, along with the second phase of mining at the Fetish pit. The mine is expected to produce 720koz – 750koz of gold with a weighted average AISC of US$1,450/oz – US$1,550/oz. Additionally, Perseus is progressing an updated Feasibility Study for the Esuajah South underground deposit.

Sissingué’s updated five-year outlook involves mining at Sissingué Stage 4 open pit and new mining areas at Bagoé and Airport West, with a Sissingué Stage 5 open pit cutback in FY27. The mine life has been extended to FY30, producing a total of 265koz – 275koz of gold at a weighted average AISC of US$1,580/oz – US$1,680/oz. Additional growth opportunities on-site are being assessed to further extend the mine life.



Read more at GlobeNewswire: Perseus Mining Announces 5 Year Gold Production Outlook