PERFORMANCE INDICATOR UNIT MARCH 2022
QUARTER JUNE 2022 QUARTER JUNE 2022 HALF YEAR SEPTEMBER 2022 QUARTER
CALENDAR 2022 YEAR TO DATE
Gold produced Ounces 130,523 122,327 252,850 137,460 390,310
Gold poured Ounces 132,644 120,409 253,053 139,553 392,606
Production Cost US$/ounce 789 881 834 762 808
All-In Site Cost (AISC) US$/ounce 908 1,004 955 879 928
Gold sales Ounces 131,044 111,897 242,941 58,767 301,708
Average sales price US$/ounce 1,701 1,705 1,703 1,6451 1,691
Notional Cashflow US$ million 104 85 189 1122 299
Notes:
1. With no sales of Sissingué gold during the quarter, the weighted average sales price for the Group equates to the weighted average sale price
for Edikan and Yaouré only.
2. The Group’s notional cash flow is the sum of the notional cashflow of each mine. With no Sissingué gold sold during the quarter, the calculation
of notional cash flow for Sissingué is based on the average sales price for the group less Sissingué’s AISC, applied to its gold production.
• Operating highlights include:
– Record quarterly gold production of 137,460 ounces, 12% more than in the June 2022 quarter. Perseus is on
track to achieve its market guidance range of 240,000 to 265,000 ounces for the December 2022 half year.
– Material improvement at the Edikan Gold Mine with gold production up 82% from previous quarter to
52,127 ounces at an AISC of US$1,060 per ounce, 43% lower than the June quarter.
– The Group’s weighted average AISC reduced 12% to US$879 per ounce during the quarter, well below
market guidance of $1,000 - $1,100 per ounce for the December 2022 half year.
– Weighted average quarterly sales price of US$1,645 per ounce, generated an average cash margin of US$766
per ounce of gold for the September 2022 quarter.
– Notional cashflow from operations of US$112 million, a 32% increase from the prior quarter.
– The Group’s Total Recordable Injury Frequency Rate (TRIFR) was reduced from 1.29 at the end of the June
quarter to 1.19 during the quarter.
• Planning of Front-End Engineering and Design (FEED) and confirmatory and sterilisation drilling at the Block 14
Gold Project in Sudan has advanced with key contracts having been awarded and work due to start in October.
• Organic growth activities continued to deliver excellent results, with a preliminary feasibility study (PFS) completed and a maiden Ore Reserve estimated for the first stage of Yaouré’s CMA Underground Project.
• Perseus’s financial position continues to strengthen with available cash and bullion of US$354 million, following debt repayment of US$25 million, giving net cash of US$329 million at 30 September 2022, approximately US$51
million more than the previous quarter.

OPERATIONS
QUARTERLY PRODUCTION, COSTS AND NOTIONAL CASHFLOW
Perseus’s three operating gold mines, Yaouré and Sissingué in Côte d’Ivoire, and Edikan in Ghana have combined to
produce a total of 137,460 ounces of gold in the September 2022 quarter.
The weighted average production cost of the Perseus Group during the quarter was US$762 per ounce, while the
weighted average AISC was US$879 per ounce of gold produced.

see & read more on
https://perseusmining.com/wp-content/uploads/2022/10/20221020-September-2022-Quarter-Report_Final68.pdf