Perseus Mining Ltd. has posted a strong financial performance for the year ending June 30, delivering record shareholder returns off the back of surging bullion prices.
The miner recorded a 14 per cent increase in net profit after tax to US$480.5 million (AU$711.6 million), while total revenue climbed 19 per cent to US$1.49 billion.
Strong operating cash flows of US$666.4 million helped lift the company’s balance sheet to a US$1.03 billion in total cash and bullion, backed by an undrawn US$400 million debt facility.
Perseus CEO Craig Jones said the stellar result reflected disciplined operational cost controls and higher gold prices, alongside solid development progress across the group’s African assets.
Highlights included achieving first gold at the CMA underground in Côte d’Ivoire, while the Nyanzaga gold project in Tanzania remains on track for its initial gold pour in January 2027.
“Perseus has delivered a record financial result for FY26 delivering on production and cost guidance again, a reflection of the company’s ongoing commitment to delivering on its priorities.”
The strong financial results triggered a major windfall for investors, with Perseus declaring a final dividend of 9 Australian cents per share. This brings the full-year payout to 14 Australian cents per share, an 87 per cent surge on the previous financial year.
To maintain momentum, the board updated its capital management framework to guarantee a minimum annual dividend of 20 per cent of operating cash flow.
The company also announced a new on-market share buyback program of up to AU$350 million, replacing its previous scheme, and plans to return a further AU$100 million to shareholders following the successful divestment of the Meyas Sand Gold Project in Sudan.
Alongside operational milestones, Perseus reported a 37 per cent increase in Measured and Indicated Resources.
With robust growth pipelines and zero lost-time injuries across its site network, the gold miner enters the new financial year with substantial momentum and a strong balance sheet.
