Mining News

Perseus makes significant progress towards multi-mine, jurisdictional producer goal

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ASX- and TSX-listed Perseus Mining has made significant progress towards achieving its goal of becoming a multi-mine, multi-jurisdictional producer of more than 500 000 oz of gold a year at a cash margin of not less than $400/oz. The West African gold producer on August 26 reported that it had recorded a net profit after tax of $139.4-million for the financial year ended June 30, a 47.6% increase on the net profit of $94.4-million reported for the previous financial year.

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