Perseus Mining Limited (PRU) Q4 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. I'll now hand over to Perseus Mining Managing Director and CEO, Craig Jones. Thank you, Craig. Thanks, Nathan. And welcome to Perseus Mining's quarterly webinar to discuss the June 2026 quarter report. I'm joined here today with our Chief Financial Officer Lee-Anne de Bruin and this quarter marks the close of the 2026 financial year and it's been another period of solid operating performance from our three operating gold mines with strong cash generation along with continued progress on our organic growth projects. Looking at our operating performance, so we produced 109,000 ounces of gold, which was up 1,869 ounces on the March quarter, and the higher production was achieved across two of the three operating gold mines. The weighted average production cost was US$1,340 per ounce, and the all-in-site cost was US$1,941 per ounce. The comparable all-in-sustaining cost for the quarter was US$1,865 an hour. Gold sales from the three operations totaled 114,567 ounces, which was 18,000 ounces more than the quarter three of the financial year. The realized gold price was US$4,086 per ounce, and our average cash margin for the quarter was US$2,145 per ounce, resulting in a notional cash flow of $216 million. and we finished the quarter notably with over a billion dollars in cash and bullion. For looking at our performance across the FY of the 2026 financial year, we produced 405,000 ounces of gold at an all-in site cost of US$1,750 per ounce. Gold sales from all three operations totaled 399,000 ounces with an average realised gold price of US$3,693 per oun...