Perseus Mining (ASX:PRU)
Perseus (ASX:PRU) operates two gold mines in West Africa and is developing its third mine. Gold production will increase to over 500,000 ounces per year in 2021/2022.
The Edikan Gold Mine in Ghana, has produced about 200,000 ounces of gold per year since 2012.
Perseus became a multi-mine, multi-jurisdiction gold producer in January 2018 when it opened its second mine, the Sissingué Gold Mine in Côte d’Ivoire. Perseus commenced construction of its third gold mine at the Yaouré Gold Mine, also in Côte d’Ivoire, in May 2019.
Its growth strategy aims to transform the Company into a 500,000-ounce per year gold producer with three operating mines in West Africa by 2022.
Perseus has an experienced and focused board and management team with a track record of maximising cash flow to improve shareholder returns, while providing growth through exploration success.