**Perseus Mining Limited Q1 2026 Earnings Call Transcript: Financial Insights and Key Highlights**

Perseus Mining Delivers Robust September quarter Despite Transitionary Period

October 27, 2025

New Leadership and continued Performance

Perseus mining has announced a strong performance for the September quarter, even as its sites navigate operational shifts. The Company welcomed craig Jones as its new Managing Director and Chief Executive Officer, succeeding Jeff Quartermaine, who recently retired after leaving a notable imprint on the association.

Jones acknowledged the dedicated efforts of Perseus Mining teams worldwide in achieving these results. He was joined on the call by Chief Financial Officer, Lee-Anne de Bruin.

Operational Highlights and Safety Record

Despite transitioning to new mining areas at all of its locations, Perseus Mining maintained robust operational results and generated significant cash flow during the quarter. the company is simultaneously advancing its long-term growth strategies.

Notably, the company’s 12-month rolling average Total Recordable Injury Frequency Rate (TRIFR) stands at 0.6, indicating a strong commitment to safety. Perseus is prioritizing its fatal risk management processes and the “Safely Home each day” engagement program as core elements of its safety protocols.

Did You Know? A TRIFR of 0.6 is considered a very credible safety performance within the mining industry, demonstrating a proactive approach to worker wellbeing.

Key Performance Indicators

metric	Value
12-Month Rolling Average TRIFR	0.6

Industry Context and future Outlook

The mining sector faces increasing scrutiny regarding environmental and social governance (ESG) factors. The International Council on Mining and metals (ICMM), for example, emphasizes responsible mining practices and sustainable development. Perseus Mining’s strong safety record and focus on operational efficiency position it favorably within this evolving landscape.

Pro Tip: Companies that prioritize safety and responsible mining practices frequently enough attract greater investor confidence and secure long-term operational licenses.

Understanding TRIFR in Mining

The total Recordable Injury Frequency Rate (TRIFR) is a crucial metric in the mining industry. It measures the number of work-related injuries per million hours worked. A lower TRIFR indicates a safer working habitat and better risk management practices. Companies continually strive to reduce their TRIFR through improved safety protocols, training, and technology implementation. regular monitoring and analysis of TRIFR data are essential for proactive safety improvements.

Frequently Asked Questions About Perseus Mining

• What is Perseus Mining’s primary focus? Perseus Mining focuses on gold exploration, mine development, and operations, with projects located in Africa and beyond.
• What does a TRIFR of 0.6 signify? A TRIFR of 0.6 represents a strong safety performance,indicating a relatively low incidence of recordable workplace injuries.
• Who is the new CEO of Perseus Mining? Craig Jones is the newly appointed Managing Director and Chief Executive Officer of Perseus Mining.
• How is perseus Mining managing operational transitions? The Company is achieving robust results and maintaining cash flow despite transitioning to new mining areas at all its sites.
• What is Perseus Mining doing to improve safety? Perseus Mining is focusing on its fatal risk management process and Safely Home each day engagement program.

What are your thoughts on Perseus Mining’s performance and leadership transition? Share your comments below!

What was the anticipated total gold production range for Q1 2026?

Q1 2026 Financial Performance Overview

Perseus Mining Limited (TSX:PRU, OTCPK:PMNXF) recently held its Q1 2026 earnings call, providing investors with a detailed look into the company’s performance. While a full transcript isn’t yet publicly available as of October 27, 2025, key takeaways and anticipated discussion points, based on prior communications and industry trends, offer valuable insights for investors tracking this gold mining stock. This article will synthesize expected details and provide context for understanding Perseus Mining’s current position.

Revenue and Gold Production

Analysts anticipate a discussion around Perseus Mining’s gold production figures for Q1 2026. Key areas of focus will likely include:

* Total Gold Production: Expected to be in line with previously stated guidance, potentially around 165,000 – 185,000 ounces. Any deviations from this range will be closely scrutinized.

* All-In Sustaining cost (AISC): A critical metric for gold miners. Investors will be looking for confirmation that Perseus Mining is maintaining its competitive AISC, currently estimated around $1,000 – $1,100 per ounce.

* Revenue Generation: Directly tied to gold prices and production volume. the call will likely detail revenue generated, factoring in hedging strategies employed by the company.

* Edikan Gold Mine performance: Updates on production from the Edikan gold Mine in Ghana, a cornerstone of Perseus Mining’s operations, are expected.

Operational Updates & Project Progress

The Q1 2026 earnings call will likely cover meaningful operational updates and progress on key projects.

* Yaouré Gold Mine Expansion: Investors will be keen to hear about the progress of the Yaouré Gold Mine expansion in Côte d’Ivoire. This expansion is crucial for future production growth.Updates on timelines,budget adherence,and potential challenges are anticipated.

* Exploration Activities: Perseus Mining has an active exploration programme. The call will likely detail results from recent drilling campaigns and their impact on resource estimates. Focus will be on identifying new ore bodies and extending the life of existing mines.

* Mining efficiency & Optimization: Discussions around initiatives to improve mining efficiency, reduce costs, and optimize production processes are expected. This includes updates on technology adoption and workforce development.

* Sustainability Initiatives: Increasingly important for ESG-conscious investors. Perseus Mining will likely highlight its commitment to responsible mining practices,environmental stewardship,and community engagement.

Financial Health & Capital Allocation

A core component of the earnings call will be a review of Perseus Mining’s financial health.

* Cash Position: The company’s cash reserves and liquidity will be a key focus. Investors want to see a strong balance sheet capable of funding future growth initiatives.

* Debt Levels: Any changes in debt levels and the company’s debt repayment schedule will be discussed.

* Capital Expenditure (CAPEX): Details on CAPEX spending for Q1 2026 and planned investments for the remainder of the year will be provided.

* Dividend Policy: perseus Mining has a history of returning value to shareholders through dividends. The call may provide updates on the company’s dividend policy and future payout expectations.

* hedging Strategy: A detailed description of the company’s gold hedging strategy, including the percentage of production hedged and the average hedge price, is expected. This is crucial for understanding risk management.

CEO Commentary & Future Outlook (Jeffrey Allan Quartermaine)

Based on the scheduled participation of Jeffrey Allan Quartermaine, MD & CEO, the call will likely feature his insights on the company’s performance and future outlook. Key areas of focus may include:

* Market Conditions: his assessment of the current gold market and its potential impact on perseus Mining.

* Strategic Priorities: A reiteration of the company’s strategic priorities for the coming quarters.

* Growth Opportunities: Discussion of potential growth opportunities, including acquisitions, joint ventures, and exploration projects.

* Risk Factors: Identification of key risk factors that could impact the company’s performance.

Perseus Mining: A Quick Investor Profile

For investors new to Perseus Mining, here’s a brief overview:

* Industry: Gold Mining

* Key Assets: Edikan gold Mine (Ghana), Yaouré Gold Mine (Côte d’Ivoire)

* Geographic Focus: west Africa

* Market Capitalization: (as of Oct 27, 2025 – check current data)

* Ticker Symbols: TSX:PRU, OTCPK:PMNXF

Benefits of Investing in Perseus Mining

* Exposure to Gold: Provides investors with exposure to the gold market, a conventional safe-haven asset.

* growth Potential: The Yaouré Gold Mine expansion and ongoing exploration activities offer significant growth potential.

* Strong Operational Base: Established operations in Ghana and Côte d’Ivoire provide a solid foundation for future growth.

* Dividend Potential: History of returning