Perseus Mining
 | |
| ASX: PRU | |
| Industry | Mining |
| Founded | 2003 |
| Headquarters | |
| Products | Gold |
Production output | 496,551 ounces (2024–25) |
| Revenue | $1,248 million (2024-25) |
| $371 million (2024-25) | |
| Website | www.perseusmining.com |
Perseus Mining is an Australian gold mining company with operations in Côte d'Ivoire, Ghana and Tanzania.
It is a constituent of the S&P/ASX 200 index.
History
[edit]Perseus Mining was incorporated on 24 October 2003 with the goal of acquiring, exploring and developing prospective gold projects in West Africa and the Kyrgyz Republic. It was listed on the Australian Securities Exchange on 22 September 2004[1].
In 2006, Perseus Mining was granted rights to acquire the Ayanfuri gold mine which had previously produced over 300,000oz of gold since 1994[2]. The Ayanfuri gold project was later developed becoming the Edikan Gold Mine, Perseus's first operational mine.
Operations
[edit]Current
[edit]- Edikan Gold Mine, Ghana (Perseus's first mine, achieving gold production in 2011)[3]
- Sissingué Gold Mine, Côte d'Ivoire (Perseus's second mine, achieving first gold production in 2018)[4]
- Yaouré Gold Mine, Côte d'Ivoire (Perseus's third mine, achieving first gold pouring in December 2020)[5]
Future
[edit]- Nyanzaga Gold Project, Tanzania (Acquired by Perseus in May 2024. Mine construction has commenced and first gold is expected in 2027)[6]
Former
[edit]- Meyas Sands Gold Project, Sudan (Purchased by Perseus in May 2022. Divested in April 2026 for US$260 million)[7]
Controversies
[edit]Perseus Mining has been accused of shifting accounting profits out of Africa to avoid paying local taxes[8][9].
References
[edit]- ^ "Perseus Mining 2004 Annual Report" (PDF). Australian Securities Exchange. 29 October 2004. Retrieved 4 April 2026.
- ^ "Option to Acquire Advanced Mineral Properties in Ghana" (PDF). Australian Securities Exchange. 31 May 2006. Retrieved 5 April 2026.
- ^ "Commissioning Update, Edikan Gold Mine, Ghana" (PDF). Australian Securities Exchange. 15 September 2011. Retrieved 4 April 2026.
- ^ "Perseus Pours First Gold at Sissingué" (PDF). Australian Securities Commission. 29 January 2018. Retrieved 4 April 2026.
- ^ "Perseus pours first gold at Yaouré five weeks ahead of schedule" (PDF). Australian Securities Commission. 18 December 2020.
- ^ "Perseus Executes Key Nyanzaga Agreements with Tanzania" (PDF). Australian Securities Exchange. 21 August 2025. Retrieved 4 April 2026.
- ^ "Perseus Announces Sale of Group Interest in Meyas Sand Project in Sudan" (PDF). Australian Securities Commission. 16 March 2026. Retrieved 4 April 2026.
- ^ Bagshaw, Eryk (10 September 2017). "The Australian companies mining $40 billion out of Africa". The Age. Retrieved 4 April 2026.
- ^ Khadem, Nassim (29 July 2019). "Australian miners' tax affairs 'shrouded in secrecy', with claims Africa may have lost $1.1b". ABC News. Retrieved 4 April 2026.
