Slide 1: 24 February 2025
24 FEBRUARY 2025 ASX/TSX: PRU | WWW.PERSEUSMINING.COM
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS COMPETENT PERSON STATEMENT: CAUTION REGARDING FORWARD LOOKING INFORMATION: All production targets referred to in this report are underpinned by estimated Ore Reserves which have been prepared by This report contains forward-looking information which is based on the assumptions,
Slide 3: A Market-Leading Performance in December 2024 Half Year
A MARKET-LEADING PERFORMANCE IN DECEMBER 2024 HALF YEAR GOLD PRODUCED ALL-IN SITE COST AVG GOLD SALE PRICE NOTIONAL CASHFLOW(1) NET CASH & BULLION 253,709 oz US$1,162/oz US$2,350/oz US$300M US$704M(2) At 31-Dec-24 Upper half of Below guided cost Up 13% Up 27% Increase of $117m guided production from
Slide 4: Strong Performance Across All Key Financial Metrics
STRONG PERFORMANCE ACROSS ALL KEY FINANCIAL METRICS REVENUE PROFIT AFTER TAX OPERATING CASH FLOW (2) NET TANGIBLE ASSETS INTERIM DIVIDEND US$581.8M US$201M US$248M US$1,338M 2.5 Australian cents Up 19%(1) Up 22%(1) Up 17%(1) Up 4%(1) per share Up 100%(1) (1) H1 FY25 compared to H1 FY24 (2) Net cash
Slide 5: Growth in Earnings
GROWTH IN EARNINGS(1) EARNINGS (US$M) Revenue EBITDA (2) Gross Profit from 353 US$581.8M US$352.7M Operations Up 19% Up 26% US$265.3M 281 265 Up 26% 238 210 201 185 167 165 Profit after tax Basic Earnings Earnings Per 136 Per Share (3) Ounce (4) 112 91 93 US$201M 12.96cps US$819 58 Up 22% Up 22% Up
Slide 6: Growth in Cashflows
GROWTH IN CASHFLOWS (1) CASHFLOWS FROM OPERATIONS(2) (US$M) 300.0 Cash Flow from Operations US$248M (2) 250.0 Up 17.2% 200.0 Operating Cash Flow Per Share 150.0 17.99cps (3) Up 16.9% 100.0 Operating Cash Flow Per Ounce 50.0 US$976 (4) Up 20.8% - H1 FY2021 H1 FY2022 H1 FY2023 H1 FY2024 H1 FY2025 (1)
Slide 7: No Debt
GROWTH IN NET TANGIBLE ASSETS NET CASH POSITION US$ MILLION Cash and bullion(1) 704 NO DEBT Total Interest-Bearing Liabilities - US$300m of undrawn capacity Net Cash Position 31 December 2024 704 TOTAL ASSETS NET TANGIBLE ASSETS NET TANGIBLE ASSETS PER SHARE US$2.1B US$1.34B US$0.97 (1) Equals “cash
Slide 8: Strong Gold Production at Improving Cash Margins
STRONG GOLD PRODUCTION AT IMPROVING CASH MARGINS • All 3 mines performing consistently well following temporary setbacks early in H1 FY25. • Steadily expanding cash margin due to elevated gold prices and falling unit costs, increases Perseus’s cash and bullion balance to US$704M • Strong operating p
Slide 9: Guided Production and Cost Outlook
GUIDED PRODUCTION AND COST OUTLOOK DECEMBER 2024 HALF JUNE 2025 HALF 2025 FINANCIAL PARAMETER UNITS YEAR (ACTUAL) YEAR FORECAST YEAR FORECAST Yaouré Gold Mine Production Ounces 123,158 120,000 to 135,000 243,158 to 258,158 All-in Site Cost USD per ounce 1,124 $1,215 to $1,315 $1,160 to $1,210 Edikan
Slide 10: Interim Dividend Declaration
INTERIM DIVIDEND DECLARATION ➢ Perseus’s Dividend Policy aims to reward shareholders while maintaining balanced capital structure and capacity to fund corporate growth. Target 1% yield + bonus where feasible. ➢ Considering Perseus’s H1 FY25 financial performance, the Board has declared an Interim Di
Slide 11: Share Buy-Back as at 10-Feb-25
SHARE BUY-BACK AS AT 10-FEB-25 ➢ Announced to market on 28 August 2024 the intention to invest up to A$100M in an on-market share buy-back programme ➢ As at 10th February, Perseus has purchased 4,689,269 shares ➢ The total outflows to date amount to A$12,160,611, which represents 12.16% of the total
Slide 12: The Way Forward
THE WAY FORWARD ➢ Production & Financial Performance – Refer to market guidance ➢ Sustainability – maintenance of “social licence to operate” in all of its forms ➢ Capital management - aim to provide benefits to shareholders while maintaining balanced capital structure and capacity to fund corporate
Slide 13: This presentation was authorised for release by Perseus's Managing Director and CEO
This presentation was authorised for release by Perseus’s Managing Director and CEO, Jeff Quartermaine ASX/TSX: PRU | WWW.PERSEUSMINING.COM