Perseus Mining

Primary ticker: ASX:PRU; TSX:PRU
Stage of development: Exploration/Development/Production
Primary minerals: Gold
Project to promote: Yaouré, Sissingué and Edikan

Live financials

Perseus Mining Limited is a strong, diversified West African-focused gold production, development and exploration company.

Perseus became a multi-mine, multi-jurisdiction gold producer in January 2018 when it poured first gold at its Sissingué Gold Mine in Côte d’Ivoire. Sissingué is Perseus’ second gold mine, having previously developed the Edikan Gold Mine in Ghana, which has produced about 200,000 ounces of gold per year from Edikan since 2012.

Perseus completed a positive Definitive Feasibility Study for a third gold mine at the Yaouré Gold Project, also in Côte d’Ivoire, in November 2017. Its growth strategy aims to transform the Company into a 500,000-ounce per year gold producer with three operating mines in West Africa by 2022.

Perseus is highly motivated to maximise cash flow to improve shareholder returns. The Company has an experienced and focused board and management team with a track record of strong organic growth through exploration success.

Management Profile

Andrew Grove – Group GM – Business Development and Investor Relations

Andrew is a senior Mining and Finance Executive with extensive experience and knowledge covering a diverse range of commodities and geographies and has an established track record of achieving results, identifying opportunities, structuring and executing transactions, establishing and maintaining networks as well as managing risk and developing teams.

He has 28 years of experience including; 14 years with the Mining Finance Division of Macquarie Bank Limited where he held the position of Division Director prior to joining Perseus.

What is your rationale for attending 121 Mining Investment?

Raising the profile of Perseus Mining Limited with investors looking for a strong growth story in the West African gold space

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Commence development of the Yaouré Gold Mine in Côte d’Ivoire

6 Months:

Strong operating cashflow from Perseus Mining Limited two operating gold mines

12 Months:

Yaouré development and exploration success around the existing operations

In a sentence, what do you think makes your company such a compelling investment?

Perseus Mining has a clear growth profile to transform the Company into a 500,000-ounce per year gold producer with three operating mines in West Africa by 2022