Perseus Mining Limited · ASX:PRU
Perseus Mining — Q1 FY2026 Earnings Presentation
18 slides from Perseus Mining's earnings presentation, Oct 27, 2025
Slide 1: September 2025 Quarter Report Webinar
SEPTEMBER 2025 QUARTER REPORT WEBINAR 27 OCTOBER 2025 ASX/TSX: PRU
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS COMPETENT PERSON STATEMENT: All production targets referred to in this report are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code. The information in this report that relates to the Mineral
Slide 3: Overview of Operating & Financial Results
OVERVIEW OF OPERATING & FINANCIAL RESULTS PERSEUS MINING LIMITED PERSEUSMINING.COM 3
Slide 4: September 2025 Quarter Operating Performance
SEPTEMBER 2025 QUARTER OPERATING PERFORMANCE GOLD ALL-IN AVG GOLD CASH NOTIONAL NET CASH TRIFR(4) PRODUCED SITE COST SALE PRICE MARGIN (2) CASHFLOW(2) & BULLION 0.60 99,953 oz US$1,463/oz US$3,075/oz US$1,612/oz US$161M US$837M (3) Stable Down 21,284 oz (1) Up US$46/oz(1) Up US$98/oz(1) Up $52/oz(1)
Slide 5: Yaouré Gold Mine – September Quarter Performance
YAOURÉ GOLD MINE– SEPTEMBER 25 QUARTER PERFORMANCE • 55,405 oz produced, ~ 55% of Perseus’s total production, 21% lower than June-25 quarter with this result generally in line with expected production. Result based on sound runtime metrics (94%), head grade (1.96g/t), recovery (94%). • Reflects the
Slide 6: Edikan Gold Mine – September Quarter Performance
EDIKAN GOLD MINE – SEPTEMBER 25 QUARTER PERFORMANCE • 32,856 oz produced, ~ 33% of Perseus’s total production, 15% lower than June-25 quarter. Result based on sound runtime metrics (94%), head grade (0.67g/t, down from 0.86g/t in the June-25 quarter due to heavier reliance on low grade stockpiles to
Slide 7: Sissingué Gold Complex – September Quarter Performance
SISSINGUÉ GOLD COMPLEX- SEPTEMBER 25 QUARTER PERFORMANCE • 11,692 oz produced, ~ 12% of Perseus’s total production, 3% decrease over June-25 quarter, based on sound runtime metrics (91%), grade (1.33g/t), and recovery (90.9%) • Production cost of US$2,458 per ounce ( up 7% on the June-25 quarter), A
Slide 8: FY 2026 Guided Production and Cost Performance
FY 2026 GUIDED PRODUCTION AND COST PERFORMANCE FY26 Guidance remains unchanged as follows: PARAMETER UNITS 2026 FINANCIAL YEAR (FORECAST) Yaouré Gold Mine Production Ounces 168,000 – 184,000 All-in Site Cost USD per ounce $1,500 - $1,660 Edikan Gold Mine Production Ounces 154,000 – 169,000 All-in Si
Slide 9: Financial
FINANCIAL PERSEUS MINING LIMITED PERSEUSMINING.COM 9
Slide 10: Cashflow and Balance Sheet
CASHFLOW AND BALANCE SHEET Cash ($744 million) Zero debt, with US$10 million net Includes: Operating CF and bullion ($94 US$300 million increase in cash • Operating margin contributed by million) at 30 undrawn credit line and bullion US$170M Yaouré (65%), Edikan September totaling • Capex US$67M (31
Slide 11: Hedge Position Update as at 30-Sep-2025
HEDGE POSITION UPDATE AS AT 30-SEP-2025 Hedge position as at 30 September 25 Perseus hedging programme focuses on HEDGES UNIT YEAR 1 1 YEAR 2 1 YEAR 31 TOTAL maintaining downside protection whilst Fixed Forwards oz 80,000 20,000 0 100,000 retaining as much upside opportunity as Gold Price US$/oz $2,
Slide 12: Organic Growth
ORGANIC GROWTH PERSEUS MINING LIMITED PERSEUSMINING.COM 12
Slide 13: Nyanzaga Development Project – September Quarter Progress
NYANZAGA DEVELOPMENT PROJECT – SEPTEMBER 25 QUARTER PROGRESS Concurrent work streams underway Implementation of the Resettlement Action Plan (RAP) • Progress continues on the resettlement housing project. New homes being delivered to project-affected families. Infrastructure • Camp Construction cont
Slide 14: Nyanzaga Gold Project (NGP)
NYANZAGA GOLD PROJECT (NGP) 2024 2025 2026 2027 Commence Front-End-Engineering-Design (FEED) 1 Aug 24 PROCESS Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Commence Resource Definition Drilling 4 Aug 24 Confirm Mill Sizing FEED 14 Aug 24 Confirm Plant location & orientation 28 Aug 24 Final Investment & EPCM A
Slide 15: CMA Underground Development Project – September Quarter Progress
CMA UNDERGROUND DEVELOPMENT PROJECT – SEPTEMBER 25 QUARTER PROGRESS • Final Investment Decision taken in January 251. • First blast taken at the Pauline Portal in September CMA UG – Pauline portal • Remaining planned UG portal locations fully prepared for initial UG excavation expected to commence e
Slide 16: Sustainability Performance
SUSTAINABILITY PERFORMANCE PERSEUS MINING LIMITED PERSEUSMINING.COM 16
Slide 17: A Resilient and Reliable Partner
A RESILIENT AND RELIABLE PARTNER Generating material benefits for all our stakeholders, in fair and equitable proportions $215M 95% 0.60 0.00 LTIFR in economic of national TRIFR contribution employment (1-year without a lost time injury $13.8M in Employee wages and benefits 12% $58.4M % OF PUBLISHED
Slide 18: ASX/TSX: PRU | www.perseusmining.com
This presentation was authorised for release by Craig Jones, Managing Director and CEO ASX/TSX: PRU | WWW.PERSEUSMINING.COM