Perseus Mining Limited (ASX:PRU): September Gold Output and Nyanzaga Timetable

Aditi Sarkar

11 November 2026 03:37 PM AEDT

Perseus Mining Limited (ASX:PRU): September Gold Output and Nyanzaga Timetable

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

Perseus Mining (ASX:PRU) reported 92,551 ounces of September-quarter gold production.
Group all-in site costs were USD 2,035 per ounce for Q1 FY27.
FY27 gold-production guidance remained 420,000–480,000 ounces.
Nyanzaga development in Tanzania remained a key upcoming operational milestone.

Perseus Mining Limited (ASX:PRU) operates gold mines in Ghana and Côte d’Ivoire and is developing the Nyanzaga project in Tanzania. Its shares traded at AUD 6.61 on 11 November 2026, down 0.30% during the session. The latest September-quarter results placed production costs, underground development and the timing of new ounces at the centre of the company’s FY27 operating plans.

Operating Gold Mines Across West Africa

The company’s producing portfolio comprises Edikan in Ghana and Yaouré and Sissingué in Côte d’Ivoire. Its results reflect activity at individual processing plants and mines rather than a single operating asset. Production volume, grade, gold recovery and operating expenditure can differ materially across these sites.

Nyanzaga, in Tanzania, remains a development project rather than a producing mine in the September-quarter figures. That distinction matters when considering the company’s guidance, because anticipated Nyanzaga ounces are contingent on construction, commissioning and the commencement of operations.

September Quarter Production and Site Costs

For the quarter ended 30 September 2026, Perseus Mining (ASX:PRU) produced 92,551 ounces of gold at group all-in site costs of USD 2,035 per ounce. Yaouré contributed 36,648 ounces, Edikan 35,830 ounces and Sissingué 20,073 ounces. These figures measure production, not the Market Price of gold or revenue.

Site costs varied: Yaouré reported USD 2,393 per ounce, Edikan USD 1,738 and Sissingué USD 1,913. This variation underlines the importance of mine sequencing and cost control. The company also reported the CMA underground operation at Yaouré had achieved commercial production, making its subsequent ramp-up relevant to FY27 volumes.

FY27 Guidance and Development Work

Perseus Mining (ASX:PRU) retained FY27 production guidance of 420,000–480,000 ounces at forecast all-in site costs of USD 1,835–2,070 per ounce. The guidance includes approximately 55,000 ounces expected from Nyanzaga, which had contributed no production in the September quarter. Actual delivery will depend on development progress.

The company identified increasing CMA underground output, higher-grade mining at Edikan’s Nkosuo pit and Nyanzaga’s planned commencement as factors in the second-half production profile. Its reported cash and bullion position was approximately USD 900 million at the end of the September quarter, providing a financial buffer for project expenditure.

Operational Risks and Next Reporting Points

Gold grades, equipment availability, processing efficiency, contractors and the pace of underground mine development can affect output and unit costs. Operations across several jurisdictions also involve permitting, logistics and country-specific obligations. Gold-price changes influence realised revenues but should not be equated with movements in Perseus shares.

The December-quarter disclosure will show whether higher-grade ore access and CMA underground output are progressing as anticipated. Readers can also monitor Nyanzaga construction, commissioning timing, site-by-site costs and any revisions to FY27 guidance. These milestones are operational targets rather than completed results.

Key Insights

Perseus Mining (ASX:PRU) began FY27 with 92,551 ounces of quarterly gold output and guidance that depends partly on Nyanzaga entering production. Site costs and development schedules remain important measures of progress.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.