PRECIOUS METALS

Perseus buys time for next growth push

To borrow a common phrase from its CEO, Jeff Quartermaine, the “proof of concept” for Perseus Mining Mark 1 is more or less validated. It’s taken 10 years to model a West Africa-focused, 500,000oz-a-year producer with the assets to sustain strong net cash generation and shareholder returns with gold prices above US$1,500/oz. A bigger exploration focus and possibly more M&A could start to shape Perseus M2 over the next 12 months.

Perseus Mining on track to tick off major growth milestones in 2021

Perseus Mining on track to tick off major growth milestones in 2021

"We started off as a bit of a market darling in 2010-11 and then the rubber hit the road with a falling gold price and we decided we're either going to go out backwards or turn this into a proper business,"...

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