Description
Perseus is an Australia-based gold miner. It sold around 510,000 ounces of gold in fiscal 2024 from its three majority-owned mines in West Africa. Founded in 2004, Perseus bought all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 70%-owned Meyas Sand gold project in Sudan in 2022 and its 80%-owned Nyanzaga gold project in Tanzania in fiscal 2024. Excluding Meyas Sand, where development is on hold due to armed conflict in Sudan, it had about six years of reserves at the end of fiscal 2024. We forecast it sells about 480,000 ounces of gold in fiscal 2025.
