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Perseus Mining managing director Jeff Quartermaine says the West African gold miner has again passed the “lie detector test” by growing cashflow and its balance sheet in the recently completed September quarter.
After the relative hiatus of recent times Perseus Mining is set to increase its exploration budgets later this year
Quartermaine's jibe at unspecified "peers" came as he reported the company's notional cashflow increasing 55% in the September quarter to US$29.8 million, and cash and bullion balance being $120.
Toronto-listed gold explorer hoping to define an orogenic gold district
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