Perseus Mining
Perseus Mining is an Australian-listed (ASX/TSX: PRU) multi-mine African gold producer operating Edikan in Ghana, Sissingué and Yaouré in Côte d'Ivoire, and developing the Nyanzaga project in Tanzania, selling gold doré into global spot commodity markets with a self-funding growth model.
- Company typePublic
- Founded2004
- HeadquartersSubiaco, Australia
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Perseus Mining does
Perseus Mining Limited is an Australian-domiciled, ASX and TSX-listed multi-mine gold producer (ticker PRU) operating in West and East Africa. The company runs three operating gold mines — Edikan in Ghana, and Sissingué and Yaouré in Côte d'Ivoire — plus the Nyanzaga Gold Project in Tanzania under construction with first gold pour targeted for January 2027. FY25 production was 496,551 ounces of gold at an all-in sustaining cost (AISC) of US$1,235/oz, with Q3 FY26 output rising 21% quarter-on-quarter to 107,144 oz at a realized gold price of US$4,143/oz.
The underlying technology is conventional large-scale gold mining: open-pit and (increasingly) underground extraction with centralized carbon-in-leach (CIL) processing, tailings management, and support infrastructure across multiple country offices. The CMA Underground project at Yaouré is positioned as Côte d'Ivoire's first mechanized underground mine, a technical capability that is extending the Yaouré mine life to at least 2037. Perseus also holds ISO 14001 (environmental) and ISO 45001 (occupational health and safety) certifications across operations and reports ~94% local employment within host countries.
Revenue is generated through the production and sale of gold doré to international refineries and commodity traders at prevailing spot market prices, with the company explicitly pursuing a self-funding growth model — it refinanced to a US$400M undrawn debt facility in December 2025 while sitting on US$755M in cash and bullion and zero drawn debt. Capital is returned to shareholders via dividends (A$102.2M paid in FY25 at 7.5 cents per share) and an expanded A$150M on-market share buyback. The strategic posture in 2025–2026 has been to consolidate the West African footprint, divest from higher-risk jurisdictions (sale of the Meyas Sand Sudan asset for US$260M), pursue disciplined M&A (A$2.1B Predictive Discovery bid ultimately withdrawn; A$23.69M cornerstone stake taken in Aurum Resources), and transition leadership (Craig Jones as CEO from September 2025, Wade Bickley as COO from June 2026).
Perseus Mining firmographics
Firmographics- Name
- Perseus Mining
- Legal name
- Perseus Mining Limited
- Website
- https://perseusmining.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Perseus Mining is an Australian-listed (ASX/TSX: PRU) multi-mine African gold producer operating Edikan in Ghana, Sissingué and Yaouré in Côte d'Ivoire, and developing the Nyanzaga project in Tanzania, selling gold doré into global spot commodity markets with a self-funding growth model.
- Ownership category
- akta.pro rank
Perseus Mining industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Perseus Mining is headquartered
LocationHeadquarters
- HQ city
- Subiaco
- HQ country
- Australia
- HQ region
- Oceania
Offices4 records
Markets served
Perseus Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Others
Revenue model
- Gold Production and Sales: Perseus Mining generates revenue through the production and sale of gold from its three operating mines: Edikan in Ghana, Sissingué and Yaouré in Côte d'Ivoire. Gold is sold at prevailing market prices (realized gold price of US$4,143 per ounce in Q3 FY26) to refineries and commodity traders. The company achieved notional operating cashflow of US$252 million in Q3 FY26 with production of 107,144 ounces of gold.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Perseus Mining product offering
Product offeringCore offering
Perseus Mining is a multi-mine, multi-jurisdictional African gold producer, developer and explorer. The company operates three gold mines — Edikan in Ghana, Sissingué and Yaouré in Côte d'Ivoire — and is developing the Nyanzaga Gold Project in Tanzania. Gold ore is extracted via open-pit and (at Yaouré) underground mining, processed through carbon-in-leach (CIL) facilities, and sold as gold doré/bullion to international refineries and commodity traders at prevailing spot market prices.
Product overview
Perseus Mining is a multi-mine, multi-jurisdictional African gold producer, developer and explorer. The company's portfolio consists of three operating gold mines: Edikan in Ghana, and Sissingué and Yaouré in Côte d'Ivoire, plus the Nyanzaga Gold Project in Tanzania under development. Gold ore is sourced from multiple open pits and processed through centralized facilities. The company achieved annual gold production of 496,551 oz at an AISC of US$1,235/oz in FY25.
Differentiator
Problem solved
Functional benefit
Products and services
- Edikan Gold Mine Large-scale, low-grade multi open-pit gold mine on the Ashanti Gold Belt in Ghana. Perseus's first mining operation; sources gold ore from several open pits processed through a centralized CIL facility.
- Sissingué Gold Mine Open-pit gold mine in northern Côte d'Ivoire sourcing higher-grade ore from one main pit and several satellite pits. Fully repaid development capital within 26 months and has produced over 250,000 ounces.
- Yaouré Gold Mine Gold mine in central Côte d'Ivoire expected to produce approximately 210,000 ounces annually. Combines open-pit mining with the CMA Underground project, Côte d'Ivoire's first mechanized underground mine, extending mine life to at least 2037.
Quantifiable outcome
- FY25 production of 496,551oz gold at US$1,235/oz AISC
- +3 more outcomes
Companies that use Perseus Mining
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Perseus Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Perseus Mining partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Matrix Golden Fortune Mining Limited (Hong Kong)minorPerseus Mining sold its 70% group interest in the Meyas Sand Gold Project in Sudan to Hong Kong Matrix Golden Fortune Mining Limited, a subsidiary of Matrix Resources (Zhejiang) Co., Ltd., for cash consideration of US$260M. The transaction comprised US$10M deposit on signing and US$250M payable at completion (April 22, 2026).
Scale indicators12 records
Recent moves10 records
Expansion highlights6 records
Perseus Mining competitors and assessment
Company assessmentDirect peers
- Endeavour Mining: Endeavour Mining is a mid-tier West African gold producer operating multiple mines in Côte d'Ivoire, Burkina Faso, and Senegal — the most direct operational and geographic peer to Perseus, with a comparable multi-mine, multi-jurisdiction strategy and similar AISC focus.
- IAMGOLD Corporation: IAMGOLD operates gold mines in West Africa (Essakane in Burkina Faso, Boto in Senegal) and is developing Côté Lake in Canada; highly comparable as a mid-tier producer with significant West African exposure and similar ounce output.
- B2Gold Corp. B2Gold is a mid-tier gold producer operating the Fekola mine in Mali and Otjikoto in Namibia, with the Goose project in Canada; comparable mid-cap gold producer with African operating footprint and growth pipeline profile.
- Resolute Mining Limited: Resolute Mining is an Australian-listed African gold producer operating the Syama mine in Mali and Mako in Senegal — closely comparable to Perseus as an ASX-listed, multi-mine African gold producer of similar scale.
Broad incumbents
- Newmont Corporation: Newmont is the world's largest gold miner with operations across Africa (Ahafo, Akyem in Ghana), the Americas, and Australia; a broad incumbent with substantial West African footprint, providing a benchmark for large-scale gold producer economics.
- Barrick Gold Corporation: Barrick Gold operates major gold mines in Africa (Loulo-Gounkoto in Mali, Tongon in Côte d'Ivoire) alongside global assets; serves as a comparable broad-incumbent West African gold producer with diversified portfolio.
- AngloGold Ashanti: AngloGold Ashanti is a global gold producer with significant African operations including the Obuasi mine in Ghana and Geita in Tanzania — directly comparable for in-country operating experience in Perseus's key geographies.
- Gold Fields Limited: Gold Fields is a major South African-headquartered gold producer with West African operations (Tarkwa, Damang in Ghana) — provides direct comparison to Perseus's Edikan mine in the same Ashanti Gold Belt.
Regional players
- Evolution Mining: Evolution Mining is an Australian gold producer focused on Australian assets (Cowal, Ernest Henry, Mungari); comparable as an ASX-listed mid-tier gold producer of similar size but does not compete in Perseus's African geographies.
Emerging players
- Aurum Resources Limited: Aurum Resources is an Australian-listed exploration/development company with the Boundiali Gold Project in Côte d'Ivoire (3Moz resources); Perseus holds a 9.9% cornerstone stake, positioning Aurum as a comparable emerging West African gold developer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Perseus Mining social profiles
Digital presencePerseus Mining compliance and trust
Trust signalCompliance2 records
Perseus Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Perseus Mining leadership team
Management profileNumber of profiles
Profiles16 records
Perseus Mining subsidiaries and ownership
Company hierarchySubsidiaries4 records
Perseus Mining funding detail
Funding detailFunding overview
Funding rounds5 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Perseus Mining M&A and investment
M&A and investmentM&A2 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Perseus Mining
What does Perseus Mining do?
Perseus Mining is a multi-mine, multi-jurisdictional African gold producer, developer and explorer. The company operates three gold mines — Edikan in Ghana, Sissingué and Yaouré in Côte d'Ivoire — and is developing the Nyanzaga Gold Project in Tanzania. Gold ore is extracted via open-pit and (at Yaouré) underground mining, processed through carbon-in-leach (CIL) facilities, and sold as gold doré/bullion to international refineries and commodity traders at prevailing spot market prices.
Is Perseus Mining a public or private company?
Perseus Mining is a public company. It is classified as public and is currently operating.
When was Perseus Mining founded?
Perseus Mining was founded in 2004. It employs 1,001 to 5,000 people.
Where is Perseus Mining based?
Perseus Mining is headquartered in Subiaco, Australia, in the Oceania region.
How does Perseus Mining make money?
One revenue line is on record: gold Production and Sales.
Who are Perseus Mining's main competitors?
Direct peers on record are Endeavour Mining, IAMGOLD Corporation, B2Gold Corp. and Resolute Mining Limited. Broad incumbents are Newmont Corporation, Barrick Gold Corporation, AngloGold Ashanti and Gold Fields Limited. Evolution Mining is listed as a regional player. Aurum Resources Limited is listed as an emerging player.
Does Perseus Mining have an API?
No public API is recorded for Perseus Mining.
What industry is Perseus Mining in?
Perseus Mining's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 21222 and its SIC code is 1040.