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Perseus buys Resolute's stake in Orca

ASX-listed gold producer Perseus Mining has taken a convoluted step towards a potential 200,000-300,000 ounce per annum open cut gold project development in Cote d’Ivoire after acquiring a 15% stake in Canadian junior Orca Gold, with Orca the holder of a 31.5% of another Canadian company Montage Gold, owner of the advanced multi-million ounce Kone deposit.

Perseus buys Resolute's stake in Orca Perseus buys Resolute's stake in Orca Perseus buys Resolute's stake in Orca Perseus buys Resolute's stake in Orca Perseus buys Resolute's stake in Orca

Kone gold project, Cote d'Ivoire

The 15% in Orca is being bought from indebted Resolute Mining for C$17.5 million, equating to about A$19.6 million.

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