Perseus Mining Limited Reports Strong Q4 FY25 Production Results

Strategic Insights -

Perseus Mining Limited, an Australian mining company, has reported a significant increase in gold production from its three operating mines in Cote d'Ivoire and Ghana. The company's Yaoure, Sissingue, and Edikan mines combined to produce 121,237 ounces of gold in the fourth quarter of fiscal year 2025 (Q4 FY25), a 13,657-ounce increase compared to the previous quarter. The weighted average production cost was US$1,038 per ounce, while the weighted average All-In Sustaining Cost (AISC) was US$1,417 per ounce.

The Yaoure mine in Cote d'Ivoire was a significant contributor to the company's production increase, producing 70,259 ounces of gold at a production cost of US$809 per ounce and an AISC of US$1,180 per ounce. The mine saw a 2% increase in gold production due to a 4% increase in head grade, while mill throughput averaged 509 tonnes per hour (tph), slightly below the prior quarter's 514 tph.

At the Sissingue Gold Complex in Cote d'Ivoire, gold production increased 9%, with AISC decreasing 6% due to an improvement in head grade and mill runtime. The Sissingue mine produced 12,113 ounces of gold at a weighted average AISC of US$2,584 per ounce.

Meanwhile, the Edikan mine in Ghana produced 38,865 ounces of gold at a production cost of US$1,060 per ounce and an AISC of US$1,482 per ounce. However, gold production was down 7%, and AISC was up 26% compared to the previous quarter, due to a decrease in head grade and delays in ramping up mining at the Nkosuo deposit.

Key Takeaways:

  • The Yaoure mine produced 70,259 ounces of gold at a production cost of US$809 per ounce and an AISC of US$1,180 per ounce in Q4 FY25.
  • The Sissingue Gold Complex produced 12,113 ounces of gold at a weighted average AISC of US$2,584 per ounce, with AISC decreasing 6% and head grade improving.
  • The Edikan mine produced 38,865 ounces of gold at a production cost of US$1,060 per ounce and an AISC of US$1,482 per ounce, but saw a 7% decrease in gold production and 26% increase in AISC.
  • Perseus's gold sales from all three operations totalled 131,242 ounces or 13,657 ounces more than in Q3 FY25.
  • The weighted average realised gold price was US$2,977 per ounce, US$515 per ounce more than the Q3 FY25 price of US$2,462 per ounce.
  • Notional operating cashflow from all operations was US$189 million, US$37 million more than in Q3 FY25.
  • The Bagoe Exploitation Permit negotiations with the Ivorian Government have progressed, but at a slower rate than desirable.
  • Perseus published its Five-Year Operating Outlook for the period from FY26 to FY30, forecasting gold production and AISC for its producing mines in Ghana, Cote d'Ivoire, and Tanzania.

Statistics:

  • Q4 FY25 production: 121,237 ounces of gold
  • Yaoure mine production: 70,259 ounces of gold at US$809 per ounce
  • Sissingue Gold Complex production: 12,113 ounces of gold at US$2,584 per ounce
  • Edikan mine production: 38,865 ounces of gold at US$1,060 per ounce
  • Gold sales: 131,242 ounces
  • Weighted average realised gold price: US$2,977 per ounce
  • Notional operating cashflow: US$189 million
  • AISC for Yaoure mine: US$1,180 per ounce
  • AISC for Sissingue Gold Complex: US$2,584 per ounce
  • AISC for Edikan mine: US$1,482 per ounce

Sources:

  • Perseus Mining Limited, "Perseus Mining Reports Strong Q4 FY25 Production Results," [News Release] 12 May 2025.
  • Perseus Mining Limited, " Yaoure Mine Operations Update," [ASX Announcement] 24 March 2025.
  • Perseus Mining Limited, "Sissingue Gold Complex Operations Update," [ASX Announcement] 28 February 2025.
  • Perseus Mining Limited, "Edikan Mine Operations Update," [ASX Announcement] 26 January 2025.
  • Perseus Mining Limited, "Bagoe Exploitation Permit Negotiations Update," [ASX Announcement] 14 January 2025.
  • Perseus Mining Limited, "Five-Year Operating Outlook," [ASX Announcement] 24 February 2025.