The following is a summary of the Perseus Mining Limited (PMNXF) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Perseus Mining produced 509,977 ounces of gold in fiscal 2024 at an all-in site cost of USD1,053 per ounce.

• The company maintained a strong financial position with cash and bullion of USD 587 million at the end of the period, with no debt.

• Notional cash flow for the fourth quarter was USD 117 million, with full-year cash flow at USD 490 million.

Business Progress:

• Completed the acquisition of the Nyanzaga Gold Project in Tanzania and advanced the CMA Underground mine development at Yaouré.

• Expanded resource exploration at Yaouré, Edikan, and launched drilling in Sudan.

• Progressing towards the final investment decision on the underground project at Yaouré, expected to start construction in July 2025.

Opportunities:

• Growth strategy includes the development of recently acquired Nyanzaga project and expanded exploration activities to extend project life and increase resources.

Risks:

• Challenges in waste stripping at Yaouré impacted costs and production, although mitigated by diversified operations.

• Regional conflict in Sudan, although not directly impacting operations, remains a concern.

More details: PERSEUS MINING LIMITED IR

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