Strong Financial Performance
Perseus Mining delivered strong group gold production with a cash margin of USD 1,560 per ounce, up $307 an ounce, and notional cash flow of USD 189 million. The company's net cash and bullion increased to $827 million, up $26 million despite significant expenditures.
Exploration Success at Nyanzaga
Excellent drilling results from the Nyanzaga project in Tanzania were reported, with significant potential for resource expansion, including mineralization extending at depth.
Successful Capital Management
Perseus returned AUD 107 million to shareholders via dividends and share buybacks. The company's share buyback program progressed to 73% completion, and future returns will be discussed in the upcoming Board meeting.
Low Hedge Position
The committed hedge position of the group was reduced from 24% to 16% of the forecast 3-year production, providing downside protection while retaining upside opportunities.
Sustainability and Safety Achievements
Perseus reported a TRIFR of 0.6 for fiscal '25, the best result to date, alongside significant contributions to host countries, with 83% local procurement and 94% local employment.