Perseus Mining Limited

Perseus was pleased to sponsor and attend the SIREXE 2024 International Extractive and Energy Resources Exhibition this week, an initiative of the Ministry of Mines, Petroleum and Energy, supported by the Prime Minister of Côte d’Ivoire Mr Robert Beugré Mambé. Our Managing Director and CEO Jeff Quartermaine participated in a panel 'Challenges and opportunities for the sustainable development of the mining industry' alongside Endeavor Mining CEO Ian Cockerill, TotalEnergies Renewables Distributed Generation Managing Director Middle East & Africa Hamady SY, Fortuna CEO Jorge A. Ganoza and Sama Resources CEO Marc-Antoine Audet. The international exhibition brought together the mining, petroleum and energy sectors with a focus on collaboration and investment within Africa and globally, connecting companies, investors and policymakers.

Our Managing Director and CEO Jeff Quartermaine is interviewed in the latest Mining in Africa Country Investment Guide 2025, discussing Perseus’s performance in FY2024, the current gold price environment, and what investors can expect from the company in the year ahead. Read the interview here: https://loom.ly/jn4EIUg

We’re thrilled to share an update from our Edikan Gold Mine in Ghana, where the much-anticipated Edikanlympics took place on Saturday, 16th November 2024. This interdepartmental soccer tournament brought together six spirited teams in a day of teamwork, competition and fun at the project. The tournament was opened by Edikan’s Mining and Technical Services Manager Alexander Oduro, who hosted the ceremonial kick-off before the three matches commenced. Match highlights included: Edikan’s main Mining Contractor team clinching a narrow victory over the Mines Security Contractor team by a single goal in match #1; Team Support Services defeating Team Process Operations, also by a single goal in match #2, sparking calls for a rematch; and in a turn of events, Team Engineering defeating Team Mining and Technical Services by two goals in match #3! ⚽️ Team Edikan, formed from the over 60 players who participated on the day, has been selected to compete against select teams in the local area in mid-December – we look forward to some fun and competitive upcoming matches. Congratulations to all participants and organisers for making the Edikanlympics a memorable event!

Perseus looks forward to sponsoring and attending the SIREXE 2024 International Extractive and Energy Resources Exhibition this week, 27 November – 2 December 2024 at the Parc des Expositions d’Abidjan. SIREXE is an initiative of the Ministère des Mines, du Pétrole et de l'Energie, supported by the Prime Minister of Côte d’Ivoire Mr Robert Beugré Mambé. For the first time in Africa this international exhibition will bring together the mining, petroleum and energy sectors, aiming to become an essential platform for collaboration and investment within Africa and globally, and allowing companies, investors and policymakers to connect and forge new partnerships. Read more: https://loom.ly/9R0IgAc

Our CEO and Managing Director Jeff Quartermaine caught up with CommSec's Tom Piotrowski to discuss the gold 'renaissance' and factors driving prices higher, operating in Africa, and delivering mutual benefits to all stakeholders. Watch the full interview here: https://loom.ly/JKniajw

Our Managing Director and CEO Jeff Quartermaine caught up with Crux Investor Exploration Geologist and Analyst Merlin Marr-Johnson to discuss the September quarterly results released this week, which delivered strong gold production, cashflow and growth. "Perseus Mining continues to demonstrate strong operational execution while building a sustainable growth pipeline in Africa. The company's latest quarterly results show production of 121,290 ounces of gold at all-in costs of US$1,201 per ounce, generating significant operating cash flow of US$127 million and maintaining a robust cash balance of US$643 million," the Crux team wrote. "For investors seeking exposure to the gold sector, Perseus offers a compelling combination of current production, growth potential, and shareholder returns, trading at a notable discount to peers despite consistent operational execution. The company's strong cash generation and clear development pipeline provide multiple pathways for potential value creation, while their geographic diversification strategy helps manage jurisdictional risks inherent in African mining operations." Watch the full interview here: https://loom.ly/LImV99k

Perseus Mining Limited has delivered strong production from its three operating gold mines in the September quarter, #Yaouré and #Sissingué in Côte d’Ivoire and #Edikan in Ghana, with a combined 121,290 ounces of gold produced.  Perseus says the strong operating results “confirm once again Perseus’s position as one of the world’s better performing mid-tier gold producers.” ⚡Weighted average production cost of US$990/oz, weighted average AISC was US$1,201/oz of gold. ⚡Gold sales totalled 108,895 ounces. ⚡Realised gold price averaged US$2,249/oz — US$132/oz more than Q4 FY24. More at #Proactive #ProactiveInvestors #PRU #PMNXF http://ow.ly/yErQ105MHKM

This morning our Managing Director and CEO Jeff Quartermaine and Chief Financial Officer Lee-Anne de Bruin (CA) hosted an investor webinar to discuss the company's September quarter results. Perseus delivered strong production, cashflow and growth, resulting in a cash and bullion balance of US$643 million. For those that didn't join live — hear Jeff provide a detailed overview of the results here: https://loom.ly/9ygJgcU

Investor Presentation — September 2024 Quarter Report:

September Quarterly Report | Perseus consistently delivers strong production, cashflow and growth, resulting in a cash and bullion balance of US$643m 💰 ➡️ 121,290 ounces of gold produced at a weighted average AISC of US$1,201 per ounce ➡️ Gold production and AISC remain on track to achieve market guidance for 1H FY25 and CY24 ➡️ Average cash margin of US$1,048 per ounce of gold produced resulted in notional operating cashflow of US$127 million for the quarter and US$363 million for CY24 to date ➡️ Available cash and bullion of US$643 million, 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 We will host an investor webinar and conference call to discuss the quarterly results this morning, starting at 9am AEDT. Join the call here: https://loom.ly/9UlUBv4