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Highlights
- Perseus Mining outlines strong 5-year gold output strategy
- Nyanzaga Project offsets Sudan pivot with production uplift
- ASX200-listed miner eyes robust margins amid rising gold prices
Perseus Mining (ASX:PRU), a leading gold producer on the S&P/ASX200 index, has revealed a strategic five-year production outlook, projecting total output of between 2.6 and 2.7 million ounces of gold. This ambitious plan is underpinned by operations across four mines in Ghana and Côte d’Ivoire.
Between FY26 and FY30, annual production is forecast to range from 515,000 to 535,000 ounces. The Yaouré Mine is set to contribute the largest share at 34%, followed by Edikan at 28%, Nyanzaga at 28%, and Sissingué at 10%. The inclusion of the Nyanzaga Project — an asset acquired following a strategic shift from the Sudan-based Meyas Sand Gold Project — is instrumental in maintaining steady production levels over the long term.
The average all-in sustaining cost (AISC) is estimated between US$1,400 and US$1,500 per ounce, positioning Perseus to maintain a healthy cash margin. Assuming a long-term gold price of US$2,400 per ounce, cash operating margins are expected to exceed US$500 per ounce at all sites — a positive indicator of cost management and profitability.
With a market capitalisation of AU$5.24 billion and access to over US$1.1 billion in combined cash and debt capacity, Perseus is financially well-positioned to execute this outlook. Management remains confident in delivering consistent annual production within the 500,000–600,000 ounce range — a level first reached in FY22.
While the short-term period of FY26 and FY27 may experience slight output declines due to the shift away from Sudan, the integration of Nyanzaga is projected to restore and support growth momentum. The company’s decision reflects a proactive pivot, enabling continuity in its operational expansion and financial performance.
For income-focused investors exploring ASX dividend stocks, Perseus Mining’s strong margins, stable output guidance, and substantial capital reserves add to its appeal as a steady player in the resource sector. As gold prices remain elevated and demand persists, Perseus continues to reinforce its position within the ASX200 mining cohort — backed by a forward-looking strategy and well-structured asset base.
