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Perseus buys Amara project pipeline

Perseus Mining has this week agreed to buy fellow African gold group Amara Mining in an all-scrip deal worth US$95 million, which would bolster the former's project pipeline and provide the latter with means to develop its flagship Yaoure project in Ivory Coast.

Perseus buys Amara project pipeline Perseus buys Amara project pipeline Perseus buys Amara project pipeline Perseus buys Amara project pipeline Perseus buys Amara project pipeline

The resource at Yaoure has grown from 300,000oz to 5.2Moz in three years

A merger was always on the cards for Amara, with perhaps the only point up for discussion its suitor.