Perseus Mining

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(sale of the Meyas Sand Sudan asset for US$260M), pursue disciplined M&A (A$2.1B Predictive Discovery bid ultimately withdrawn; A$23.69M cornerstone stake taken in Aurum Resources), and transition leadership (Craig Jones as CEO from September 2025, Wade Bickley as COO from June 2026).

Name

Perseus Mining

Legal name

Perseus Mining Limited

Website

http://perseusmining.com

Company type

Public

Founded year

2003

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

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

• Gold mining
• Gold production
• Mineral exploration
• Gold processing
• Open-pit mining

Headquarters

HQ city

Subiaco

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Others

Revenue model

1. 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

Core 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

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Matrix Golden Fortune Mining Limited (Hong Kong)minorOthers · 15 March 2026Perseus 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

Direct 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

• Xx.com/_perseusmining
• LinkedInlinkedin.com/company/perseus-mining-cote-divoire

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries4 records

Funding overview

Funding rounds5 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Perseus Mining