Perseus Mining Holds Steady on FY Outlook Despite Q3 Production Dip

April 30, 2025 02:44 PM AEST | By Team Kalkine Media

Perseus Mining Holds Steady on FY Outlook Despite Q3 Production Dip — Image source: Shutterstock

Quarterly Performance Snapshot

In the March quarter, Perseus Mining recorded gold production of 121,605 ounces, marking an 8% decrease compared to the previous quarter. This reduction comes alongside a rise in all-in site costs (AISC), which climbed to US$1,209 per ounce from US$1,127 in the December quarter. Lower production levels also led to a drop in gold sales, which fell 14% to 117,585 ounces.

Despite these short-term setbacks, Perseus continues to target annual production in the range of 469,709 to 504,709 ounces, maintaining a forecast AISC between US$1,250 and US$1,280 per ounce for the fiscal year 2025.

Production Factors: What Drove the Dip?

The quarterly dip was largely attributed to operational dynamics at two of the company’s three major mining operations:

Sissingué Gold Complex (Côte d’Ivoire): Output was affected by a reduction in ore head grade.
Edikan Mine (Ghana): A planned ramp-down in mining activity led to a decline in output, aligning with the company’s long-term strategy for resource optimisation.

Balancing these declines was a modest production increase at the Yaouré Gold Mine in Côte d’Ivoire, which helped mitigate the overall impact on quarterly performance.

Looking Ahead

The company’s stable operational framework and geographically diversified assets support its ability to navigate through quarterly variations while keeping long-term goals in sight. Perseus’s guidance reflects continued confidence in its project pipeline and cost discipline.

For investors navigating the broader landscape of Australian equity markets, Perseus Mining remains a relevant player within the ASX200 index. The company’s consistent performance and capital management practices may also place it on the radar of those exploring ASX dividend stocks, particularly in the gold sector.

With a resilient production outlook and cost strategy, Perseus Mining stands well-positioned to maintain momentum through the remainder of the financial year, despite temporary operational headwinds.

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