Perseus Mining reports 92,551 ounces of gold production in September quarter

Perseus Mining Ltd reported group gold production of 92,551 ounces for the September quarter, a figure the company stated was ahead of plan despite being lower than the previous quarter. The gold producer maintained a zero-debt balance sheet, ending the period with US$900 million in net cash and bullion.

Production was distributed across several sites, including 36,648 ounces from the Yaouré mine in Ivory Coast, 35,830 ounces from Edikan in Ghana, and 20,073 ounces from Sissingué in Ivory Coast. The company reported an average gold sale price of US$3,881 per ounce and all-in site costs (AISC) of US$2,035 per ounce.

Looking ahead, the company reaffirmed its FY27 production guidance of 420,000–480,000 ounces. Construction of the Nyanzaga Gold Project in Tanzania is reported to be 88% complete, with first gold production targeted for January 2027. Additionally, Perseus has upscaled its share buyback to A$350 million for FY27 and proposed a special distribution to shareholders.