Perseus Mining Limited (PRU) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Perseus Mining investor webinar and conference call. All attendees are in a listen-only mode. If you would like to ask a question directly to the company, please use the raise hand function within Zoom. I'll now hand over to Perseus Mining Managing Director and CEO, Craig Jones. Thank you, Craig. Thanks, Nathan, and welcome to the Perseus Mining quarterly webinar to discuss our March 2026 quarter report. and I'm joined on the call today by our Chief Financial Officer, Leander Broome. It was a good quarter for Perseus, and looking at our operating performance for the quarter, we produced 107,000 ounces of gold, which was up 18,000 ounces on the December quarter, and the higher production was achieved from all three of our operating lines. The weighted average oil in site cost was US$1,748 per ounce, which was lower than the previous quarter of US$1,800 per ounce, and that's mainly due to the higher production. And we achieved a realised gold sale price of US$4,143 an ounce, which was US$706 an ounce more than the previous quarter. Our average cash margin for the quarter was US$2,394 per ounce, and that gave us a national operating cash flow of US$252 million from all of the operations. And we finished the quarter with US$817 million of net cash and bullion. And Leanne will speak to that later on in the call. Before starting. Given the current global market situation, I just want to address the diesel situation. We acknowledge the fuel supply uncertainty globally at the moment, and we continue to closely monitor our fuel supply availability, our consumption levels and our inventory positions to mitigate the risk of operational disruption in the short to medium term. We have fuel supply contracts with reputable fuel suppliers who provide ...