Full Year 2025 Perseus Mining Ltd Earnings Call Transcript
Key Points
- Perseus Mining Ltd (PMNXF) reported a 22% increase in revenue, reaching USD 1.2 billion, largely due to higher gold prices.
- The company achieved a 16% increase in profit after tax, amounting to USD 421 million.
- Operating cash flow rose by 25%, delivering USD 537 million, showcasing strong cash generation capabilities.
- Perseus Mining Ltd (PMNXF) ended the financial year with a robust cash and bullion balance of USD 827 million, with no undrawn debt.
- The company declared a final dividend of $0.05 per share, bringing the full-year dividend to $0.075, reflecting a 50% increase from the previous year.
- Gold production decreased by 2.6% compared to the previous financial year, producing just under 500,000 ounces.
- All-in site costs increased by USD 182 per ounce, reaching USD 1,235 per ounce.
- Higher mining costs, particularly at Yaouré, and increased royalties due to higher gold prices impacted cost of sales.
- The company faced a delay in the CMA Underground project, losing a couple of months on the schedule.
- There is still some work required to fully implement the agreed arrangements for the Nyanzaga project in Tanzania.
(audio in progress) within Zoom.
I'll now hand over to Perseus Mining Managing Director and CEO, Jeff Quartermaine. Thank you, Jeff.
Thanks very much, Nathan, and welcome to Perseus Mining. We're now to discuss our annual report for the financial year ending June 30. Now as you are aware, this annual report these days includes both our annual financial report and our sustainability report; and these documents, along with a range of related documents were released to the market this morning.
I'm joined on the call today by my colleague, Lee-Anne de Bruin, who, as many of you on the call would know, is Perseus' Chief Financial Officer. Lee-Anne and her team have been working very hard to produce the financial report that's been released today.
And once again, full thanks go out to all team members both in Australia and offshore, and of course, our auditors, PriceWaterhouseCoopers,
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