Perseus Mining (PRU) investor relations material

Executive summary

• Achieved strong operational and financial performance in FY26, with group gold production of 405,000 oz and record notional operating cashflow of US $769 million, supported by robust cash generation from three gold mines and progress on organic growth projects.

• Ended FY26 with over US $1.03 billion in cash and bullion, zero debt, and a liquidity position of US $1.4 billion including undrawn debt facilities and US $233 million in listed securities.

• Major growth projects advanced, notably Nyanzaga Gold Project (67% complete), on track for first gold in January 2027 and commercial production in Q4 FY27.

• Share buyback program increased to A$150 million, with 24.1 million shares repurchased and new executive appointments made.

Financial highlights

• Q4 FY26 gold production was 109,013 oz at an AISC of US $1,941/oz, with an average realized gold price of US $4,086/oz and cash margin of US $2,145/oz.

• FY26 gold sales totaled 399,000 oz at an average realized price of US $3,693/oz, $1,150/oz higher than FY25.

• FY26 notional operating cashflow reached a record US $769 million, up US $119 million year-over-year.

• Returned A$194 million to shareholders via dividends and buybacks in FY26.

Outlook and guidance

• FY27 production guidance: 420,000–480,000 oz at AISC of US $1,835–2,070/oz, assuming a gold price of US $4,000/oz.

• Guidance includes 55,000 oz from Nyanzaga, with commercial production planned for Q4 FY27.

• Royalty rates assumed at 8% for Côte d'Ivoire and 11% for Ghana.