Perth, WA, Jan. 29, 2026 (GLOBE NEWSWIRE) — \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/b><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n
DECEMBER 2025 QUARTER REPORT<\/b><\/p>\n
Perseus Mining sustained operational performance <\/b><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0resulting in cash & bullion balance of US$755 million<\/b><\/p>\n
PERTH, Western Australia\/January 29, 2026\/<\/b>Perseus Mining Limited (\u201cPerseus\u201d or the \u201cCompany\u201d) (TSX & ASX: PRU) reports on its activities for the three months\u2019 period ended December 31, 2025 (the \u201cQuarter\u201d). A summary is included below with the full release available from www.perseusmining.com<\/a>, www.asx.com.au<\/a> and www.sedarplus.ca.<\/p>\n OPERATING PERFORMANCE<\/b><\/p>\n Key operating indicators and highlights<\/b> for the December 2025 quarter (Q2 FY26) include:<\/b><\/p>\n HALF YEAR<\/b>2<\/b><\/sup>\u00a0<\/b><\/p>\n<\/td>\n QUARTER<\/b>2<\/b><\/sup>\u00a0<\/b><\/p>\n<\/td>\n QUARTER<\/b>1<\/b><\/sup>\u00a0<\/b><\/p>\n<\/td>\n HALF YEAR<\/b>1<\/b><\/sup><\/p>\n<\/td>\n YEAR<\/b><\/p>\n<\/td>\n<\/tr>\n GROUP GOLD PRODUCTION AND COST GUIDANCE <\/b><\/p>\n In relation to market guidance for the 2026 financial year (FY26):<\/p>\n Gold production is weighted to H2 of FY26 with the inclusion of the new higher grade ore sources at Edikan and Sissingu\u00e9 that are included as part of the mine plan. Due to performance of Yaour\u00e9 in Q2 FY26, it is expected that Yaour\u00e9 will produce in the lower half of its guidance.<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Table\u00a01: Production and AISC Guidance<\/i><\/b><\/p>\n Competent Person Statement <\/b><\/p>\n All production targets referred to in this release are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code.<\/i><\/p>\n The information in this report that relates to the Mineral Resources and Ore Reserve was updated by the Company in a market announcement \u201cPerseus Mining updates Mineral Resources and Ore Reserves\u201d released on 21 August 2025. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. <\/i><\/p>\n The Company confirms that the material assumptions underpinning the estimates of Ore Reserves described in \u201cTechnical Report \u2014 Edikan Gold Mine, Ghana\u201d dated 6 April 2022, \u201cTechnical Report \u2014 Yaour\u00e9 Gold Project, C\u00f4te d\u2019Ivoire\u201d dated 18 December 2023, \u201cTechnical Report \u2014 Sissingu\u00e9 Gold Project, C\u00f4te d\u2019Ivoire\u201d dated 29 May 2015, and \u201cTechnical Report \u2014 Nyanzaga Gold Project, Tanzania\u201d dated 10 June 2025 continue to apply.<\/i><\/p>\n Meyas Sand Gold Project<\/i><\/b><\/p>\n The information in this report that relates to the mineral resources and probable reserves of the Meyas Sand Gold Project was first reported by the Company in a market announcement \u201cPerseus Enters Into Agreement to Acquire Orca Gold Inc.\u201d released on 28 February 2022. The Company confirms it is not in possession of any new information or data relating to those estimates that materially impacts of the reliability of the estimate of the Company\u2019s ability to verify the estimate as a mineral resource or ore reserve in accordance with Appendix 5A (JORC Code) and the information in that original market release continues to apply and have not materially changed. These estimates are prepared in accordance with Canadian National Instrument 43-101 standards and have not been reported in accordance with the JORC Code. A competent person has not done sufficient work to classify the resource in accordance with the JORC Code and it is uncertain that following evaluation and\/or further exploration work that the estimate will be able to be reported as a mineral resource or ore reserve in accordance with the JORC Code. This release and all technical information regarding Orca\u2019s NI 43-101 have been reviewed and approved by Adrian Ralph, a Qualified Person for the purposes of NI 43-101.<\/i><\/p>\n Caution Regarding Forward Looking Information: <\/b><\/p>\n This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaour\u00e9 Gold Mine, the Edikan Gold Mine and the Sissingu\u00e9 Gold Mine without any major disruption, development of a mine at Nyanzaga, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s publicly filed documents. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws.<\/i><\/p>\n This market announcement was authorised for release by the Board of Perseus Mining Limited<\/i><\/b><\/p>\n CAPITAL STRUCTURE:<\/b><\/p>\n Ordinary shares: \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,351,230,319<\/p>\n Performance rights: 8,654,248<\/p>\n REGISTERED OFFICE:<\/b><\/p>\n Level 2<\/p>\n 437 Roberts Road<\/p>\n Subiaco WA 6008<\/p>\n Telephone: +61 8 6144 1700<\/p>\n Rick Menell<\/b><\/p>\n Non-Executive Chairman<\/p>\n Craig Jones<\/b><\/p>\n Managing Director & CEO <\/p>\n Amber Banfield<\/b> Elissa Cornelius<\/b><\/p>\n Non-Executive Director<\/p>\n Dan Lougher<\/b><\/p>\n Non-Executive Director<\/p>\n John McGloin<\/b><\/p>\n Non-Executive Director<\/p>\n James Rutherford<\/b> Craig Jones<\/b><\/p>\n Managing Director & CEO<\/i><\/p>\n craig.jones@perseusmining.com<\/u><\/p>\n Stephen Forman<\/b><\/p>\n Investor Relations<\/i><\/p>\n +61 484 036 681<\/p>\n stephen.forman@perseusmining.com<\/u><\/p>\n Nathan Ryan<\/b><\/p>\n Media<\/i><\/p>\n +61 420 582 887<\/p>\n\n
\n
\n PERFORMANCE INDICATOR\u00a0<\/b><\/td>\n UNIT\u00a0<\/b><\/td>\n JUNE 2025\u00a0<\/b><\/p>\n SEPTEMBER 2025\u00a0<\/b><\/p>\n DECEMBER 2025\u00a0<\/b><\/p>\n DECEMBER 2025<\/b><\/p>\n 2025 CALENDAR <\/b><\/p>\n \n Gold recovered<\/b>\u00a0<\/td>\n Ounces<\/b>\u00a0<\/td>\n \u00a0242,843\u00a0\u00a0<\/td>\n 99,953<\/td>\n 88,888\u00a0<\/b><\/td>\n 188,841\u00a0<\/td>\n 431,684\u00a0<\/td>\n<\/tr>\n \n Gold poured\u00a0<\/td>\n Ounces\u00a0<\/td>\n \u00a0242,782\u00a0\u00a0<\/td>\n 103,566<\/td>\n 78,641\u00a0<\/b><\/td>\n 182,207\u00a0<\/td>\n 424,989\u00a0<\/td>\n<\/tr>\n \n Production Cost\u00a0<\/td>\n US$\/ounce\u00a0<\/td>\n \u00a01,008\u00a0\u00a0<\/td>\n 1,152<\/td>\n 1,362\u00a0<\/b><\/td>\n 1,250\u00a0<\/td>\n 1,114\u00a0<\/td>\n<\/tr>\n \n All-In Site Cost (AISC)<\/b>\u00a0<\/td>\n US$\/ounce<\/b>\u00a0<\/td>\n \u00a01,358\u00a0\u00a0<\/td>\n 1,516<\/td>\n 1,800\u00a0<\/b><\/td>\n 1,649\u00a0<\/td>\n 1,482\u00a0<\/td>\n<\/tr>\n \n Gold sales\u00a0<\/td>\n Ounces\u00a0<\/td>\n \u00a0248,826\u00a0\u00a0<\/td>\n 101,589<\/td>\n 86,607\u00a0<\/b><\/td>\n 188,196\u00a0<\/td>\n 437,022\u00a0<\/td>\n<\/tr>\n \n Average sales price\u00a0<\/td>\n US$\/ounce\u00a0<\/td>\n \u00a02,734\u00a0\u00a0<\/td>\n 3,075<\/td>\n 3,437\u00a0<\/b><\/td>\n 3,241\u00a0<\/td>\n 2,953\u00a0<\/td>\n<\/tr>\n \n Notional Cashflow<\/b>\u00a0<\/td>\n US$ million<\/b>\u00a0<\/td>\n \u00a0334\u00a0\u00a0<\/td>\n 156<\/td>\n 145\u00a0<\/td>\n 301\u00a0<\/td>\n 636\u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n
\n
\n
\n PARAMETER<\/b><\/td>\n UNITS<\/b><\/td>\n 2026 FINANCIAL YEAR<\/b>
FORECAST<\/b><\/td>\n<\/tr>\n\n Yaour\u00e9 Gold Mine<\/b><\/td>\n \u00a0<\/td>\n<\/tr>\n \n Production<\/td>\n Ounces<\/td>\n 168,000 \u2013 184,000<\/td>\n<\/tr>\n \n All-in Site Cost<\/td>\n US$ per ounce<\/td>\n $1,620 \u2013 $1,790<\/td>\n<\/tr>\n \n Edikan Gold Mine<\/b><\/td>\n \u00a0<\/td>\n<\/tr>\n \n Production<\/td>\n Ounces<\/td>\n 154,000 \u2013 169,000<\/td>\n<\/tr>\n \n All-in Site Cost<\/td>\n US$ per ounce<\/td>\n $1,470 \u2013 $1,620<\/td>\n<\/tr>\n \n Sissingu\u00e9 Gold Mine<\/b><\/td>\n \u00a0<\/td>\n<\/tr>\n \n Production<\/td>\n Ounces<\/td>\n 78,000 \u2013 87,000<\/td>\n<\/tr>\n \n All-in Site Cost<\/td>\n US$ per ounce<\/td>\n $1,810 \u2013 $2,000<\/td>\n<\/tr>\n \n PERSEUS GROUP<\/b><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n Production<\/td>\n Ounces<\/td>\n 400,000 \u2013 440,000<\/b><\/td>\n<\/tr>\n \n All-in Site Cost<\/td>\n US$ per ounce<\/td>\n $1,600 \u2013 $1,760<\/b><\/td>\n<\/tr>\n<\/table>\n \n
\n ASX\/TSX CODE: PRU<\/b><\/p>\n DIRECTORS:<\/b><\/p>\n
Non-Executive Director<\/p>\n
Non-Executive Director<\/p>\n<\/td>\nCONTACTS:<\/b><\/p>\n
![\"\"](\"https:\/\/ml.globenewswire.com\/media\/NDk5ZTc4OGEtMjdiYy00OTUwLWExYWYtZDIzMmJmNDFjZDczLTEwMjg2NjktMjAyNi0wMS0yOS1lbg==\/tiny\/Perseus-Mining-Limited.png\")
\n <\/div>\n","protected":false},"excerpt":{"rendered":"