Workflow
Perseus Mining Limited
icon
Search documents
PRU increases Nyanzaga Project Ore Reserves to 4.0Moz
Globenewswire· 2026-02-19 21:45
Core Viewpoint - Perseus Mining Limited has announced a significant increase in the Ore Reserve for the Nyanzaga Gold Project in Tanzania, now totaling 4.0 million ounces (Moz), which is a 73% increase from the previous estimate of 2.3 Moz reported in April 2025 [1][2]. Group 1: Ore Reserve Details - The updated Ore Reserve for the Nyanzaga Gold Project is classified as Probable, based on a total of 90.9 million tonnes (Mt) grading 1.38 grams per tonne (g/t) gold, containing 4.0 Moz of gold [17][18]. - The mine life for the Nyanzaga Gold Project has been extended to 16 years, with 14 years of production expected to exceed 200,000 ounces (koz) per annum [2][8]. - The increase in Ore Reserves is supported by approximately 82,700 meters of drilling aimed at infilling and extending mineralization, converting Inferred Mineral Resources to Indicated [4][9]. Group 2: Production and Financial Metrics - Total gold production over the 16-year mine life is estimated at 3.5 Moz, based on the updated Probable Ore Reserve [5]. - The average All-In Site Cost (AISC) over the life of the mine is projected to be US$1,621 per ounce [14]. - The project is expected to generate an undiscounted free cash flow post-tax of US$2,651 million, with a Net Present Value (NPV) of US$864 million at a 10% discount rate and an Internal Rate of Return (IRR) of 28.8% post-tax [14]. Group 3: Mineral Resource Estimate - The combined Measured and Indicated Mineral Resource for the Nyanzaga Gold Project is estimated at 110.4 Mt grading 1.33 g/t Au, containing 4.7 Moz of gold, with an additional 6.5 Mt classified as Inferred Mineral Resources [9][11]. - The mineralization is concentrated in two deposits: Tusker and Kilimani, with significant contributions from both areas [9][12]. Group 4: Tenement and Ownership Structure - Perseus Mining holds an 80% interest in the Nyanzaga Gold Project, with the Government of Tanzania owning a 20% non-contributing interest [8][12]. - The project is supported by a Special Mining Lease and several granted prospecting licenses, ensuring a stable tenure for operations [12][13].
PRU H1 FY26 Results Announcement
Globenewswire· 2026-02-19 21:45
Core Viewpoint - Perseus Mining Limited reported significant financial improvements for H1 FY26, including a profit after tax of US$185.5 million and a 100% increase in interim dividend to AUD 5.0 cents per share, reflecting strong operational performance and cash flow generation [1][6]. Financial Performance Summary - Revenue for H1 FY26 reached US$608.5 million, a 5% increase compared to the previous year, driven by a 38% rise in average gold price to US$3,241 per ounce, despite a 23% decrease in gold sold [6][9]. - EBITDA was reported at US$315.5 million, while operating cash flow was US$193.4 million, down 22% from the previous year [6][10]. - Profit after tax decreased by 8% to US$185.5 million compared to US$201.1 million in H1 FY25 [6][10]. - The company maintained a strong balance sheet with net tangible assets increasing to US$2,132 million and cash and bullion totaling US$755 million [5][12]. Dividend Declaration - The interim dividend declared is AUD 5.0 cents per share, representing a 100% increase from the previous interim dividend of AUD 2.5 cents per share, with an estimated outflow of US$47.3 million [15][6]. - The dividend yield is calculated at 0.91% based on a volume-weighted average share price of AUD 5.499 as of December 31, 2025 [15]. Operational Insights - The company experienced a transition in mining areas and significant advancements in capital growth projects, contributing to robust cash flows and a strong balance sheet [3][4]. - Higher royalties were incurred due to increased gold prices and a 2% rise in royalty rates in Côte d'Ivoire, amounting to US$20 million for the half year [14]. - The company reported a foreign exchange loss of US$26.9 million, primarily due to the weakening of the USD [14]. Production and Cost Guidance - Perseus confirmed FY26 market guidance for gold production between 400,000 to 440,000 ounces at an all-in site cost (AISC) of US$1,600 to US$1,760 per ounce [6][22].
Half Year FY26 Results - Investor Webinar (corrected version)
Globenewswire· 2026-02-04 02:38
Core Viewpoint - Perseus Mining Limited is set to host an investor webinar and conference call to discuss its H1 FY26 results, scheduled for release on February 20, 2026 [1]. Group 1: Webinar Details - The investor webinar will take place at 8:30am AEDT on February 20, 2026, in Perth, Australia [1]. - The corresponding times for other regions are: Vancouver at 3:00pm on February 19, Toronto at 6:00pm on February 19, and London at 11:00pm on February 19 [2]. Group 2: Registration and Participation - Interested participants can register for the webinar through a provided link, and a confirmation email will be sent with joining information [2]. - For those joining via telephone, specific dial-in numbers for various locations are provided, including Australia, Singapore, Canada, USA, New Zealand, and the UK [3]. Group 3: Company Information - Perseus Mining Limited is listed on ASX/TSX under the code PRU, with a capital structure that includes 1,351,230,319 ordinary shares and 8,654,248 performance rights [3]. - The announcement regarding the webinar was approved for release by Craig Jones, the Managing Director and CEO of Perseus Mining [5].
Quarterly Report Investor Webinar
Globenewswire· 2026-02-04 00:57
Core Insights - Perseus Mining Limited (ASX/TSX: PRU) is set to host an investor webinar and conference call to discuss its H1 FY26 Results, scheduled for release on February 20, 2026, at 8:30am AEDT [1] Group 1: Webinar Details - The investor webinar will take place on February 20, 2026, at 7:00am in Perth, 10:00am in Sydney/Melbourne, and will be held on February 19, 2026, at 3:00pm in Vancouver and 11:00pm in London [2] - Registration for the webinar is available through a provided link, and participants will receive a confirmation email with joining information [2] Group 2: Dial-in Information - Participants can join the webinar via telephone using specific numbers based on their location, with a Webinar ID of 870 8680 3471 [3] - International dial-in numbers are also available for various countries, including Australia, Singapore, Canada, USA, New Zealand, and the United Kingdom [3] Group 3: Company Information - Perseus Mining's capital structure includes 1,351,230,319 ordinary shares and 8,654,248 performance rights [3] - The announcement regarding the webinar was approved for release by Craig Jones, the Managing Director and CEO of Perseus Mining [5]
Bagoe Update
Globenewswire· 2026-01-19 06:34
Core Viewpoint - Perseus Mining Limited has reported a tragic incident involving a fatal vehicle accident near its Bagoé Gold Mine in Côte d'Ivoire, resulting in the death of an employee from its contractor company Binkadi and minor injuries to other passengers [1][2]. Group 1 - The accident occurred on January 15, 2026, and involved a vehicle carrying employees of Perseus and its contractor [1]. - The company has expressed condolences to the family of the deceased employee, Mr. Vakaramoko Sangare, and is providing support to the family and its team at the Sissingué complex [2]. - An investigation into the accident is ongoing, with Perseus working closely with relevant Ivorian authorities [2].
Bagoe Accident
Globenewswire· 2026-01-16 05:01
Core Viewpoint - Perseus Mining Limited reports a tragic incident involving the fatal injury of an employee, Mr. Moussa Doumbia, in an offsite vehicle accident near the Bagoé Gold Mine in Côte d'Ivoire on January 15, 2026 [2][3]. Group 1 - The company expresses condolences to Mr. Doumbia's family and is providing support to them during this difficult time [3]. - Both Perseus and its ore haulage contractor, Binkadi, are offering assistance to their team at the Sissingué complex as they cope with the loss of a colleague [3]. - An investigation into the accident has been initiated by Perseus, in consultation with the relevant Ivorian authorities [3].
December 25 Quarterly Investor Webinar
Globenewswire· 2026-01-06 02:14
Core Viewpoint - Perseus Mining Limited is set to host an investor webinar and conference call to discuss its December 2025 Quarterly Results, scheduled for release on January 29, 2026 [1]. Group 1: Webinar Details - The investor webinar will take place on January 29, 2026, at 8:30 am AEDT [1]. - The call will be accessible at different times for various regions: - Australia: 6:00 am - Canada: January 28, 2026, at 2:00 pm - UK: January 28, 2026, at 10:00 pm [2]. Group 2: Registration and Access - Registration for the webinar can be completed via a provided link, with a confirmation email sent post-registration [2]. - Participants can join the webinar via telephone using specific dial-in numbers based on their location, with a Webinar ID of 879 6186 9977 [3]. Group 3: Company Information - Perseus Mining Limited is listed on ASX/TSX under the code PRU, with a capital structure that includes 1,351,230,319 ordinary shares and 8,654,248 performance rights [3]. - The company’s registered office is located at Level 2, 437 Roberts Road, Subiaco WA 6008, Australia [3]. Group 4: Conference Call Recording - A recording of the conference call will be available on Perseus's website following the event [5].
Perseus Mining Refinances and Upsizes Debt Facility to US$400M
Globenewswire· 2025-12-23 01:41
Core Viewpoint - Perseus Mining Limited has successfully refinanced and increased its debt facility to US$400 million, enhancing its liquidity and financial flexibility while receiving strong support from a consortium of international banks [2][5]. Debt Facility Details - The existing syndicated loan facility was amended from US$300 million to US$400 million, with an additional US$100 million Accordion Option [2][8]. - The new facility has a three-year term with an option to extend for two additional years [2][8]. - Competitive pricing was achieved, resulting in a total margin reduction of 125 basis points from the previous facility due to strong demand [2][5]. Financial Position - Perseus's net cash position as of September 30, 2025, was US$837 million, providing the company with over US$1,237 million in available liquidity [3][8]. - The company is fully funded to pursue its 5-Year Outlook and future growth opportunities while maintaining a commitment to return funds to shareholders through dividends and share buybacks [6][8]. Banking Consortium - The new banking consortium includes eight international banks, with two new additions: JP Morgan (Australia) and Standard Chartered (Australia) [4][5]. - The existing banks in the consortium include Macquarie Bank Limited, Nedbank Limited, Absa Bank (Mauritius) Limited, Citi, FirstRand Bank Limited, and Standard Bank of South Africa Limited [4][5].
Proposal to Acquire PDI No Longer Deemed Superior
Globenewswire· 2025-12-11 02:54
Core Points - Perseus Mining Limited's binding offer to acquire Predictive Discovery Limited has been terminated due to a revised Arrangement Agreement received by Predictive from Robex Resources Inc. which matched Perseus's offer [1][2] Group 1 - Perseus Mining's offer was announced on December 3, 2025, and was contingent upon Robex not executing its matching right [2] - The Predictive Board has determined that the revised proposal from Robex is superior, leading to the termination of Perseus's offer [1][2]
Receipt of Superior Proposal from Predictive Discovery Limited
Globenewswire· 2025-12-03 03:43
Core Viewpoint - Robex Resources Inc. has received a notice from Predictive Discovery Limited indicating that an unsolicited proposal from Perseus Mining Limited is considered a Superior Proposal under their existing Arrangement Agreement [1]. Group 1: Proposal Details - The Arrangement Agreement allows Robex a five business day matching period to propose a matching or superior offer, which started on December 2, 2025, and will end at 11:59 p.m. EST on December 10, 2025 [2]. - The Robex Board of Directors is currently assessing its options in light of this unsolicited proposal [2]. Group 2: Company Commitment - Robex is committed to acting in the best interests of its shareholders and will provide further updates as necessary [3]. - Shareholders are not required to take any action at this time regarding the proposal [3].