Perseus Mining Limited announced an updated ore reserve for its Nyanzaga Gold Project in Tanzania, lifting reserves to about 4.0 million ounces of gold, up 73% from the prior estimate. The update extends expected mine life to 16 years and supports a larger-scale open-pit plan, with projected production above 200,000 ounces per year from FY28 to FY41. Perseus said the increase follows extensive drilling and technical work since acquiring the project in 2024, and noted it holds an 80% interest alongside the Tanzanian government’s 20% stake.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Perseus Mining Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9657585-en) on February 19, 2026, and is solely responsible for the information contained therein.