Perseus Mining reports US$900M cash and higher costs - grafa.com

AI desk brief

Perseus Mining reported September-quarter gold production of 92,551oz, down 15% q/q, while notional operating cash flow fell 21% to US$171m and group AISC rose 5% to US$2,035/oz sold. The company still highlighted a US$900m cash-and-bullion balance and kept FY27 guidance unchanged at 420,000-480,000oz at AISC of US$1,835-US$2,070/oz.

Management said the quarter reflected a solid start to FY27 and early performance from the new Yaouré CMA Underground operation, with Nyanzaga still on track for development. Shares were down 1.2% after the update.