The following is a summary of the Perseus Mining Limited (PMNXF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Perseus Mining Limited produced 127,471 ounces of gold during the quarter at an all-in site cost of AUD1,091 an ounce.

• The average sale price for gold was AUD2,025 an ounce, creating a cash margin of $934 per ounce, thereby generating a notional cash flow of near $220 million for the quarter.

• The company currently has $702 million of net cash and bullion, no debt, and AUD300 million of undrawn credit.

• Contributions from the company's three mines were consistent with Yaoure contributing 48%, Edikan 39%, and Sissingue 13% of total gold production.

Business Progress:

• Consistent performance across all mines supports the company's objective to improve the quality of their asset portfolio.

• Strong drilling results at Yaoure and the Sissingue, Fimbiasso operation have positively impacted growth.

• The company's strategic partnership with Ajlan & Bros continues to explore various projects in Saudi Arabia and North Africa.

• Development at Meyas Sand project in Sudan is predicted to commence in the June quarter.

• Perseus has initiated a loan acquisition from OreCorp, which owns an 86% contributing interest in the Nyanzaga project in Tanzania.

• The successful development of Nyanzaga project through a large-scale open pit is expected by the end of 2024 following a due diligence study.

• Efforts to maintain steady feed grade at the Yaoure location are in progress, with blending of materials from different pits.

• Recovery is being made from the throughput drop caused by elongated mill shutdown, with expectation of returning to schedule by mid-year.

• Possibility of going underground at Nyanzaga, similar to Yaoure, if further exploration reveals mineralization at depth.

More details: PERSEUS MINING LIMITED IR

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