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2 clusters · 4 sources · 1 days · First seen · Last updated

Perseus Mining gold production and Nyanzaga project

Overview

Perseus Mining has reported gold production of 92,551 ounces for the September quarter. While this figure represents a decline from the previous quarter, the company stated the results were “ahead of plan” and maintained its full-year production guidance of 420,000 to 480,000 ounces for the fiscal year ending June 2027.

Production was distributed across sites in Ivory Coast and Ghana. The company reported a zero-debt balance sheet with US$900 million in net cash and bullion, alongside plans to upscale share buybacks and propose a special distribution to shareholders.

In Tanzania, construction of the Nyanzaga Gold Project has reached approximately 88% completion. The project, which has employed over 4,000 people, is targeting first gold production in January 2027. To support operations at this remote site, a 28 MW emergency backup power system has been installed to mitigate the risk of power outages.

Entities

Nyanzaga Gold Project · Perseus Mining Ltd · Tanzania · USP&E · ECG

Timeline

  1. [BUSINESS] 2 sources
    Perseus Mining reports 92,551 ounces of gold production in September quarter

    Perseus Mining reported 92,551 ounces of gold production for the September quarter, maintaining a US$900 million cash position and reaffirming FY27 production guidance.

  2. [BUSINESS] 2 sources
    Perseus Mining targets 2027 gold production at Nyanzaga project

    Perseus Mining aims for first gold production at its Nyanzaga project in Tanzania by January 2027, targeting annual outputs exceeding 200,000 ounces.

Sources

africanminingmarket.com · afrikactus.com · fool.com.au · ibtimes.com.au