Half Year 2026 Perseus Mining Ltd Earnings Call Transcript
Key Points
- Perseus Mining Ltd (PMNXF) reported a strong operational performance, producing 188,841 ounces of gold with an all-in site cost of $1,649 per ounce.
- The company achieved a 38% increase in the average gold price, reaching $3,241 per ounce, which significantly boosted cash margins.
- Perseus Mining Ltd (PMNXF) increased its interim dividend to $0.05 per share, reflecting a 100% increase from the previous period.
- The company ended the half-year with $755 million in cash and bullion, providing a strong liquidity position for future growth opportunities.
- A substantial increase in ore reserves and mineral resource estimates at Nyanzaga extended the mine's life by five years, highlighting its quality as a long-life, low-cost asset.
- The cost of sales increased due to higher royalties and a 2% increase in royalty rates in CĂ´te d'Ivoire, impacting overall profitability.
- Profit after tax decreased by 8% compared to the previous period, partly due to a foreign exchange loss of USD27 million.
- The transition to new mining areas with higher waste concentrations and lower grades increased production costs.
- The company's EBITDA was affected by increased costs, despite a slight increase in revenue.
- The group all-in site cost guidance range was increased, reflecting higher gold price assumptions and resulting in increased royalty costs.
Good morning, and welcome to the Perseus Mining investor webinar and conference call. (Event Instructions)
I'll now hand over to Perseus Mining Managing Director and CEO, Craig Jones. Thank you, Craig.
Yeah. Thanks, Nathan, and welcome to Perseus Mining's December 2026 (sic - 2025) interim financial report. I'm joined today on the call by Lee-Anne de Bruin, our Chief Financial Officer, and I'll hand over to her shortly.
But before I do, Perseus produced a strong operating result during the half. And with our low-cost and favorable gold prices, we're pleased to increase our interim dividend to $0.05 per share.
And the other news that we released today is a substantial increase in the ore reserves and mineral resource estimate for Nyanzaga, which extends the life of that mine by five years and really highlights the quality of that asset.
So I'll pass over to Lee-Anne now to take you through the
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