PERFORMANCE INDICATOR UNIT SEPTEMBER 2021
QUARTER DECEMBER 2021 QUARTER DECEMBER 2021 HALF YEAR MARCH 2022 QUARTER
2022 TO DATE FINANCIAL YEAR
Gold recovered Ounces 112,786 128,378 241,164 130,523 371,687
Gold poured Ounces 110,535 126,948 237,483 132,644 370,127
Production Cost US$/ounce 857 823 839 789 822
All-In Site Cost (AISC) US$/ounce 966 934 949 908 934
Gold sales Ounces 107,650 130,486 238,135 131,044 369,178
Average sales price US$/ounce 1,655 1,669 1,663 1,701 1,676
Notional Cashflow US$ million 78 94 172 104 275
• Key Operating highlights include:
– Gold production increased 2% quarter-on-quarter to 130,523 ounces, a new production record.
– Quarterly gold sales increased by 557 ounces for a new quarterly sales record of 131,044 ounces at a
weighted average sales price of US$1,701 per ounce.
– Weighted average all-in site costs (AISCs) decreased by 3% or US$26 per ounce quarter-on-quarter to US$908 per ounce for the quarter.
– Average quarterly cash margin of US$793 per ounce of gold was US$58 per ounce more than prior quarter.
– Notional cashflow from operations increased by 10% quarter-on-quarter to US$104 million, resulting in total
year to date notional cashflow of US$275 million.
– Operating performance consistently in line with ESG KPIs.
• Perseus’s strong operating performance is forecast to continue with no change to the June 2022 Half Year
production guidance of 230,000 to 265,000 ounces at an AISC of US$915 to US$1,085 per ounce.
• Business growth activities delivered excellent results, with a material increase in Perseus’s Ore Reserves
inventory and an extension the economic mine lives of our operations likely to result from:
– The proposed acquisition of Orca Gold Inc. through a Plan of Arrangement, which when complete, will result
in the ownership of the undeveloped long-life Block 14 Gold Project in Sudan, and an indirect 31.4% interest in the Koné Gold Project, owned by TSX-V listed Montage Gold Corp, in northern Côte d’Ivoire, that is based on a large, potentially long-life undeveloped gold reserve.
– The updated Life of Mine Plan for the Sissingué processing operation has extended the life of that operation
to FY2026.
– Exploration programmes at the Nkosuo prospect near Edikan and the CMA Underground prospect at Yaouré have both returned excellent drill results, confirming the potential for strong organic growth of each mine.
• Perseus’s financial position continues to strengthen with available cash and bullion of US$278 million, debt of US$50 million, and net cash of US$228 million at 31 March 2022, US$66 million more than last quarter.
• Interim dividend of 0.81 Australian cents per share was paid to shareholders following the end of the quarter.
2
NEWS RELEASE | MARCH 2022 QUARTER REPORT
PERSEUSMINING.COM
OPERATIONS
QUARTERLY PRODUCTION, COSTS AND NOTIONAL CASHFLOW
Perseus’s three operating gold mines, Yaouré and Sissingué in Côte d’Ivoire, and Edikan in Ghana have combined to produce a total of 130,523 ounces of gold in the March 2022 quarter, 2% more than in the prior quarter. The weighted
average production cost incurred during the quarter was US$789 per ounce, while the weighted average AISC was US$908 per ounce of gold. Both production costs and AISCs were 4% and 3% lower respectively the previous quarter.
No change has been made to either production or cost guidance for the June 2022 Half Year of 230,000 to 265,000 ounces of gold produced at an AISC of US$915 to 1,085 per ounce.
On a year-to-date basis, gold production at our three mines totals 371,687 ounces of gold, produced at a weighted
average AISC of US$934 per ounce. No change has been made to either production or cost guidance for the 2022 Financial Year of 471,164- 506,164 ounces of gold produced at an AISC of US$932 to 1,020 per ounce.

see & read more on
https://perseusmining.com/wp-content/uploads/2022/04/20220426-ASX-Release_Quarterly-Report-March-2022_FINAL.pdf