Perseus Mining (ASX:PRU) announced a 21% increase in quarterly gold production, defying broader market instabilities.
The company’s output climbed to 107,144 ounces for the third quarter, a significant jump from the 88,888 ounces recorded in the previous period.
The growth was underpinned by synchronised performance across its portfolio, with all three operational mines reporting increased yields.
Gold sales rose to 96,260 ounces, outperforming the second quarter of 2026 by nearly 10,000 ounces.
Financial returns remained strong as the group achieved a weighted average realised gold price of US$4,143 per ounce.
This represents a substantial $US706 per ounce premium over the previous quarter's pricing.
While recent weeks have seen a slight softening in bullion prices—driven by traders liquidating holdings amidst the inflationary pressures of the conflict in Iran—Perseus has capitalised on favourable long-term trends.
However, management cautioned that the group remains vigilant regarding the conflict’s logistical ramifications.
The company noted it is rigorously monitoring fuel supply chains, consumption rates, and inventory levels to insulate its operations from potential short-term disruptions.
Despite these macroeconomic headwinds, Perseus Mining has maintained its full-year guidance for the June financial year.
The company expects to produce between 400,000 and 440,000 ounces of gold, with an all-in site cost maintained between US$1,600 and US$1,760 per ounce.