Slide 1: Half-Year Results, Edikan Gold Mine Update, FY2013 Production Guidance
For personal use only ASX/TSX: PRU www.perseusmining.com Half-Year Results Edikan Gold Mine Update FY2013 Production Guidance Jeff Quartermaine - CEO 15 February 2013 1
Slide 2: Cautionary Statements
Cautionary Statements Forward-Looking Statements For personal use only Statements in this presentation regarding the Company’s plans with respect to its mineral properties are or may be forward-looking statements. There can be no assurance that the plans for development of its mineral properties wil
Slide 3: Summary
Summary For personal use only Net profit after tax of A$32.497 million or 6.16 cents per share for the six-month period ended 31 December 2012 Underlying earnings growth relative to the second half of FY2012 and also corresponding period in FY 2012 Return on funds employed of 7.6% for the six
Slide 4: Result Highlights
Result Highlights RESULT HIGHLIGHTS1 31 December 2012 Half 31 December 2011 Half Change A$’000 Year Year A$’000 For personal use only A$’000 A$’000 Revenue from gold sales 147,065 - + 147,065 Net Profit after tax 32,497 13,686 + 18,811 Earnings per Share (A$ cents per share) 6.16 3.14 + 3.02 Return
Slide 5: Financial Commentary
Financial Commentary Profit Overview For personal use only • Net profit after tax of $32.497 million (inclusive of an FX loss of $8.099 million and an impairment charge of $0.782 million) • 31 December 2011: net profit after tax of $13.686 million (including an FX gain of $9.953 million) • Increase
Slide 6: Financial Commentary
Financial Commentary Royalties For personal use only • $10.051 million to external parties • 5% of revenue from EGM paid to Ghanaian government • 1.5% of revenue and 0.25% of gold produced paid to private parties Income Tax Expense • $23.648 million expensed during the period - largely relates to EG
Slide 7: Financial Commentary
Financial Commentary For personal use only Financial Position • $390.957 million (85.37 cents per share) in net assets at 31 December 2012 • Working capital of $27.650 million Cash and Investments • $39.674 million (8.66 cents per share) available cash • Escrowed cash of $9.097 million (1.99 cents p
Slide 8: Financial Commentary
Financial Commentary Debt Finance For personal use only • Nil borrowings under project debt facility by Macquarie Bank Limited and Credit Suisse AG for construction of EGM • Project debt facility restructured into revolving line of credit with facility limit of US$100 million Derivative financial in
Slide 9: EGM March 2013 Quarter Production Update
EGM March 2013 Quarter Production Update For personal use only • Month of January 2013: • 17,498 ounces of gold produced • Mill utilisation rate at 71% - constrained by availability of mill feed • 436,415 tonnes of ore processed at a throughput rate of 825 dmtph • Equates to annual processing rate o
Slide 10: EGM Crusher Update
EGM Crusher Update • Remediation work commenced in December 2012 with assistance of OEM, FL Smidth (FLS) For personal use only • Temporary repairs enabling crusher to operate at reasonable throughput rates till final repairs completed • 41% crusher utilisation rate in January 2013 with 356,564 t of
Slide 11: EGM Production Guidance FY2013
EGM Production Guidance FY2013 • Forecast gold production of : For personal use only 105-125,000 oz for second half of FY2013 208,700 -228,700 oz for Full FY2013 • Forecast cash production costs (excluding royalties, capital): US$755/oz for second half of FY2013 US$645/oz for Full FY2013 • “
Slide 12: For personal use only
For personal use only ASX/TSX: PRU www.perseusmining.com Jeff Quartermaine Chief Executive Officer +61 8 6144 1700 or +61 411 725 521 Rebecca Greco Nathan Ryan Investor Relations Investor Relations +1 416 822 6483 +61 420 582 887 12