Perseus signs Tanzania gold project agreements

Perseus Mining signed formal agreements with Tanzania for the 80%-owned Nyanzaga Gold Project on August 20, 2025, following a final investment decision in April.

The project is projected to be Perseus's lowest-cost operation, producing over 200,000 ounces annually from FY28 to FY35, peaking at around 250,000 ounces in FY28. Average all-in site costs are expected at $1,211 per ounce, with first gold production anticipated in Q1 2027.