Australia · Delayed Price · Currency is AUD Perseus Mining Earnings Call Transcripts
Fiscal Year 2026
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Gold production and cash flow rose sharply, driven by higher realized gold prices and lower site costs. Strategic moves included a major reserve upgrade at Nyanzaga, the sale of Meyas Sand, and a new stake in Aurum. Guidance and project timelines remain on track.
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Strong H1 2026 results with 5% revenue growth, robust cash flow, and a 100% dividend increase. Nyanzaga reserves rose 73%, extending mine life, while liquidity neared $1.2B. Guidance maintained for production, with higher cost outlook due to royalties.
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Gold production reached 88,888 oz at an all-in-site cost of $1,800/oz, with robust cash flows and a closing balance of $755 million. FY 2026 production guidance remains at 400,000–440,000 oz, but cost guidance increased due to higher royalties and gold prices.
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Strong quarterly performance with nearly 100,000 oz gold produced, robust cash flow, and high margins amid site transitions. Growth projects at Nyanzaga and CMA underground are on track, and FY 2026 guidance is unchanged.
Fiscal Year 2025
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Strong financial results driven by higher gold prices and consistent production, with revenue up 22% and profit after tax up 16% year-over-year. Capital returns increased, major growth projects progressing, and sustainability performance improved, with a CEO transition announced.
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Strong quarterly and annual gold production, robust cash flow, and competitive costs were achieved, with a solid five-year outlook despite a short-term dip expected in FY26. Key projects like Nyanzaga and CMA Underground are advancing, and significant capital returns to shareholders continue.
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A five-year outlook forecasts annual gold production of 515,000–535,000 ounces at $1,400–$1,500/oz, underpinned by strong reserves and $878 million in development capital. Major projects and mine life extensions are planned, with stable costs and robust liquidity supporting growth.
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Strong gold production and cash flow were delivered, with $801 million in cash and bullion and no debt. Major growth projects at Yaouré and Nyanzaga are fully funded and advancing, while operational and cost guidance remain on track.
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Delivered strong half-year results with higher gold production, lower costs, and increased cash flow, maintaining guidance for FY2024. Declared a doubled interim dividend and advanced growth projects, while monitoring cost inflation and legal clarity for Nyanzaga.
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Gold production rose 9% to 132,419 oz with lower costs and strong cash flow, boosting net cash to $704M and enabling self-funded growth. Key projects advanced, including Yaouré underground and Nyanzaga, while guidance remains robust and capital returns continue.
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Strong gold production and cash flow drove a $56 million increase in cash and bullion, with all-in sustaining costs well below guidance. Key projects advanced, and the company remains on track to exceed production and cost targets for the half-year.
Fiscal Year 2024
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Produced 510,000 ounces of gold at $1,053/oz, with revenue up 7% to $1B and EBITDA up 13%. Strong cash flow and liquidity support major project investments and shareholder returns, with guidance reflecting higher costs and continued growth initiatives.
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Strong operational and financial results were delivered, with gold production and cost control meeting guidance, a robust cash position, and major growth initiatives including the Nyanzaga acquisition and Yaouré underground development advancing on schedule. Guidance for the next six months remains solid, supported by high gold prices and disciplined capital management.