Perseus Mining Ltd reported a 19% increase in revenue to $1.5 billion for the fiscal year ended June 30, 2026, alongside a 24% rise in operating cash flow to $666 million. Profit before tax climbed 27% to $716 million, while basic earnings per share advanced 17% to $0.3173.
Gold production reached 405,000 ounces, with the company’s all-in site cost declining to A$1,750 per ounce. The average realized gold price surged to A$3,693 per ounce, up A$1,150 from the prior year. Mineral resources expanded by 37% to 10.6 million ounces, while proven and probable reserves rose 40% to 7 million ounces.
The board declared a final dividend of AUD $0.09 per share, bringing the full-year total to AUD $0.14 per share and totaling AUD $187 million, an 87% increase from fiscal 2025. Share buybacks totaled AUD $126 million, with the program expanded to AUD $350 million. Total shareholder returns reached $218 million.
Chief Executive Craig noted the company met production and cost guidance while achieving a 24% increase in operating cash flow and a 17% rise in earnings per share. Nyanzaga remains on track for first gold in January 2027.
Capital allocation included nearly $30 million in sustaining investments, $360 million in growth projects at Nyanzaga and CMA Underground, and $41 million in exploration. For fiscal 2027, Perseus guided production between 420,000 and 480,000 ounces, with all-in site costs projected at A$1,835 to A$2,070 per ounce. Growth capital is set at approximately $530 million, while exploration spending is expected to double to $70 million–$80 million.
The company’s net cash and bullion exceeded $1 billion, with total liquidity at $1.4 billion, including $400 million in undrawn debt capacity. Listed investments were valued at $233 million as of June 30, 2026. A potential additional $100 million distribution is under consideration from proceeds of the Meyas Sand Gold Project sale in Sudan, subject to regulatory and shareholder approvals.
Perseus also published its inaugural climate report under the AASB S2 standard, reflecting broader sustainability disclosures.
