Perseus Mining Reports Strong Fiscal 2026 Performance and Advances Growth Projects
Perseus Mining (TSE:PRU) reported strong performance in fiscal 2026, producing a record 405,000 ounces of gold with notional operating cash flow reaching $769 million. In the June quarter alone, production rose to 109,000 ounces and generated $216 million in notional cash flow at an average realized price of $4,086 per ounce. The company is advancing its growth projects with Nyanzaga construction at 67% complete on schedule for first gold by January 2027. The CMA Underground project at Yaouré expects to reach commercial production later in calendar year 2026 despite initial permitting delays. Perseus also maintained a robust balance sheet, ending the quarter with over $1 billion in net cash and bullion and returned $194 million to shareholders through dividends and share repurchases. Mine-specific results showed Yaouré producing 38,900 ounces at higher costs due to lower grades from heavy rainfall. Edikan's production was impacted by a shift into lower-grade areas of the Nkosuo pit as well as increased royalties under Ghana’s new scaled royalty regime effective March 2026.
Tickers: $PRU
Topics: balance sheet gold production growth projects operating cash flow