Perseus opens the taps on shareholder returns
PERSEUS Mining has unveiled a more generous dividend policy after record cash generation in its 2026 financial year, promising shareholders a minimum 20% of operating cash flow…
Perseus buys into neighbour Aurum’s exploration activities
WEST AFRICAN gold miner Perseus Mining’s recent investment in 9.9% of Aurum Resources for A$23.7m could have potential synergies in future, Perseus MD and CEO Craig Jones said.…
Perseus pushes the button on Nyanzaga Gold Mine in Tanzania
PERSEUS Mining has resolved to spend $523m out of its own resources to develop the Nyanzaga Gold Mine in Tanzania. This will be the first major gold mine built in Tanzania for 17…
Perseus Mining boss says gold price weakness hasn’t made M&A market easier to navigate
A CORRECTION in gold company valuations did not make it easier to conclude acquisitions, said Perseus CEO Jeff Quartermaine whose company wants to bring more mines into its…
Perseus targets interim gold output of up to 265,000 oz after strong showing in 2022FY
PERSEUS Mining has guided to half-year production to end December of between 240,000 to 265,000 ounces after recording output of 494,014 oz for the year ended June 30. All-in…
Perseus posts healthy interim taxed profit, lifts cash while gold challenges $1,900/oz
PERSEUS Mining reported A$126.9m in interim taxed profits today taking net cash to A$222.7m (US$161.8m) as it continued to increase gold output which is now at the firm’s…
Perseus in sight of 500,000 oz gold confirming status as West African mid-tier firm
GOLD production of 500,000 ounces was in the sights of Perseus Mining, the Australian miner which today reported robust second quarter and half year numbers. Production of…
West Africa’s political whirligig won’t keep investment dollars from its gold
IN 1997, when Randgold Resources listed on the London Stock Exchange, about 2.5% of world gold production was being dug in West Africa, of which most was from Ghana. In contrast,…
Perseus declares maiden dividend as it closes in on production target
As predicted by MD and CEO Jeff Quartermaine in July this year, ASX-listed Perseus Mining has declared a maiden dividend and laid out a dividend policy in its results for the…
Perseus to unveil dividend policy in August as secures “line of sight” over reliable cash flow
WEST African gold miner Perseus Mining will unveil a dividend policy when it presents its 2021 year-end numbers in August, said MD and CEO Jeff Quartermaine. “Without speaking on…
Perseus Mining to pass on gold sector M&A, opting for short- to mid-term organic growth
PERSEUS Mining was unlikely to step into merger and acquisition activity this year, preferring instead to press ahead with short- and medium-term organic growth options. The…