Perseus Mining Limited · ASX:PRU
Perseus Mining — Q4 2012 Earnings Presentation
12 slides from Perseus Mining's earnings presentation, Jan 22, 2013
Slide 1: Review of December Quarter 2012
For personal use only ASX/TSX: PRU www.perseusmining.com Review of December Quarter 2012 Mark Calderwood – CEO Jeff Quartermaine - CFO 21 January 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 Gold production of 51,090 oz from Edikan (“EGM”) during the Quarter. For personal use only 13% under revised guidance of 58,500-61,750oz largely due to mechanical failures in the crushing circuit. Production cost of US$588/oz compares favourably to guidance of US$575/oz which given the p
Slide 4: Edikan Gold Mine – Performance Overview
Edikan Gold Mine – Performance Overview Gold Production For personal use only Production 51,090oz, 13% under revised guidance Production cost US$588/oz or US$1,060/oz including royalty, development and sustaining capital and investment in stockpile and waste stripping) Poor crusher availabil
Slide 5: Edikan Gold Mine - Operating Highlights
Edikan Gold Mine - Operating Highlights Mining For personal use only 4.06Mbcm of ore + waste mined (in line with Sep Qtr) 1.65Mt of ore at 1.3g/t Au Strip ratio 5.6:1 (bcm:bcm) due to push back on current pits, strip ratio will average 2.6:1 for AFG stage 2 and 3.5:1 for Fobinso stage 2 Or
Slide 6: Edikan Gold Mine - Processing Issues & Improvements
Edikan Gold Mine - Processing Issues & Improvements Processing issues For personal use only Crusher availability of 44% over 51 days resulted in poor mill utilization and reduced production Processing Upside In October mill was close to 90% utilisation and with only 77% crusher utilisation,
Slide 7: Edikan Gold Mine - Production Outlook
Edikan Gold Mine - Production Outlook Production Guidance For personal use only Revised guidance is expected to be released at around the time of financial results Mining Ore currently coming from AF-Gap and Fobinso Revisiting mine planning to optimise value of the project Processing C
Slide 8: Sissingué Gold Project
Sissingué Gold Project Permitting & Fiscal Arrangement For personal use only Development approval remains on hold pending clarity on fiscal Encouraging progress made late in December Quarter with scrapping of “Super Profits” Tax in favour of modified royalty regime Revised Mining Convention
Slide 9: Ghana - Exploration
Ghana - Exploration 10,792m of drilling completed during For personal use only Quarter Exploration Results - Pokukrom - 30 m @ 2.2g/t Au from 42m Dadieso - 14.5m @ 7.4g/t Au from 154.7m Planned Mineral Reserve Upgrade in June 2013 Quarter Perseus Mining: Fourth Quarter 2012 |9
Slide 10: Côte d'Ivoire - Exploration
Côte d’Ivoire - Exploration 24,564 m of drilling completed For personal use only Exploration Results from Sissingué deposit included: 2m @24.2g/t from surface 2m @ 13.7g/t from 14m 2m @ 35.6g/t from 74m Extensional drilling at Sissingué included: 27.7m @7.0g/t from 204m and 19.2m @ 9
Slide 11: Corporate
For personal use only Corporate Available cash at 31 December 2012 was A$39.7M and bullion holdings on site and at refinery totaled 11,785oz of gold valued at a further A$18.9M Undrawn line of credit with a limit of US$100M and term to December 2015 Hedge commitment reduced to 216,000oz at ave
Slide 12: For personal use only
For personal use only ASX/TSX: PRU www.perseusmining.com Mark Calderwood Nathan Ryan MD/CEO Investor Relations +61 8 9240 6344 +61 420 582 887 Jeff Quartermaine Rebecca Greco CFO Investor Relations +61 8 9240 6344 +1 416 822 6483 12