Perth-based Perseus Mining reports a strong performance in the June 2025 quarter, with a cash and bullion balance of US$827 million. The company achieved quarterly gold production of 121,237 ounces at an average cost of US$1,417 per ounce, meeting production and cost guidance. They also had an average gold sales price of US$2,977 per ounce, resulting in a cash margin of US$1,560 per ounce. Perseus plans to develop the Nyanzaga Gold Project, with site works progressing on schedule. The company also continues its share buy-back program and has no debt with available cash and bullion of US$827 million.

Looking ahead to FY26, Perseus forecasts gold production of 400,000 – 440,000 ounces with an AISC of US$1,460 – $1,620 per ounce. Rising costs in the global gold sector, including increasing royalties and indirect charges, are expected to impact future operating costs. Other factors affecting costs include wages, freight, and facility expansion. Perseus also provides updates on its various mining projects, including Yaouré, Edikan, Sissingué, and Nyanzaga.

The company cautions regarding forward-looking information, highlighting potential risks and uncertainties in the gold market. Perseus maintains a strong capital structure with no debt and continues its commitment to responsible mining practices. The Board of Directors includes industry experts overseeing the company’s operations and growth. Contact information for investor relations and media inquiries is provided for further communication.

Read more at GlobeNewswire: Perseus Mining June Quarter Report