Perseus Mining Reports on Financial Year Ending 30 June 2020 - Seite 2

The Company’s net assets at June 30, 2020 were A$875.6 million or A$0.75 per share after accounting for cash and bullion on hand of A$237.5 million and interest-bearing liabilities of A$217.7 million.

Looking to the future, Perseus’s financial performance is expected to remain strong with continuing solid gold production and an improving cost structure at each of its three operating gold mines. However, given the potential for changes to Perseus’s operating environment due to COVID-19, forecasting future gold production or costs with full confidence is challenging. Every effort is being applied to maintaining “business as usual” and achieving internal production and cost targets, but success cannot be guaranteed while the spread of COVID-19 continues in West Africa.  With that caveat, guidance for the December 2020 Half Year is as follows:

Parameter	Unit	June 2020 Half Year (Actual)	December 2020 Half Year	2020 Calendar Year
Edikan Gold Mine
Gold production	‘000 Ounces	79,300	77,500 - 82,500	157,000 - 162,000
All-In Site Cost (AISC)	US$/ounce	1,141	1,150-1,250	1,150-1,250
Sissingue Gold Mine
Gold production	‘000 Ounces	43,359	48,000 - 56,500	91,500 - 100,000
All-In Site Cost (AISC)	US$/ounce	756	600-700	670-725
Perseus Group
Gold production	‘000 Ounces	122,659	125,000 - 139,000	248,000 - 261,500
All-In Site Cost (AISC)	US$/ounce	1,005	940-1,025	975-1,025