Perseus Mining (PRU) - Burgeoning Production & Growth Targets In Focus

Matthew Gordon,
Ptolemy Capital

4 Months ago

West African focused gold producer which is operating 2 mines currently and will be brought on a third coming online soon, since the acquisition of Exore's asset in Cote D'Ivoire. Their Quarterly Results came out recently and despite showing some good numbers the market hasn't reacted as positively as expected. Quartermaine suggests that it could be down to some uncertainty about local elections in West Africa. He has presided over a change in fortunes in the company since its early explorer days, which he refers to as the 'accidental miner'. The key challenge as he saw it was removing the single asset and single country risk associated with the company along with a few legacy issues. We discuss at the length the future growth plans, cashflow, dividends, M&A targets and exploration strategy. They have a cautious and methodical approach which is comforting. They are not getting carried away with the current gold price and price their activities to be able to operate in a $1,350 cash environment. Costs are being cut. Cash is being spent sensibly. Very attractive gold producer.

View Our
Perseus Mining
Company Profile

About Us
Crux Investor is a new market insight channel for those interested in understanding the junior mining world and opportunities to invest. Its purpose is to cut through a lot of the jargon, bias and bluster that is prevalent in this sector and hone-in on the most important factors that can indicate whether a company has a strong footing for growth and success.
Get an insight into how institutional investors evaluate the natural resource market. Hear from some of the most influential and successful people in the industry about how they made money investing in public markets. Learn key strategies, tactics and questions to allow you to make better, informed, comparative assessments.

Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.

Crux Investor does not verify information provided by contributors or video interviewees on this site, and makes no assurance as to the adequacy, completeness or accuracy of any such information. Crux Investor steadfastly disclaims any liability or responsibility for the outcome of any investments made by users of this site or our branded affiliates. Users of this site (and our branded affiliates) should consult with their own financial advisors to assist them in making investment decisions. By accessing this site and our branded affiliates, you agree to the terms of service and privacy policy.