Perseus lifts quarterly gold production 21%
Perseus Mining (ASX: PRU) has reported a 21% increase in gold production in Q3 FY26, producing 107,144oz across its three West African operations as the company maintains full-year guidance. Production increased from 88,888oz in the previous quarter, with higher output recorded at Yaouré and Sissingué in Côte d’Ivoire, and Edikan in Ghana. Gold sales also rose to 96,260oz, supported by stronger production and a higher realised gold price of US$4143/oz, up from US$3437/oz in the December quarter. Perseus reported all-in site costs of US$1748/oz, down from US$1800/oz in the prior quarter, while average cash margin increased to US$2395/oz, generating US$252m in notional operating cash flow. Cash and bullion at the quarter’s end stood at US$817m alongside US$254m in liquid listed securities. Operationally, the quarter also marked first gold from the CMA Underground at Yaouré, while the Nyanzaga gold project in Tanzania remained on track for first production in January 2027 after a 73% increase in ore reserves to 4.0moz. Perseus said it continues to monitor fuel supply availability amid the Iran war, though no operational disruptions were reported during the quarter. The company left its FY26 guidance unchanged at 400,000-440,000oz at all in site costs of US$1600-US$1760/oz, with management citing continued strong operating performance across the portfolio.