Perseus Mining Limited
Perseus Mining is a mid-tier West African gold producer operating the Yaoure and Sissingue mines in Cote d'Ivoire plus the Edikan mine in Ghana, selling roughly 490,000 ounces of gold in fiscal 2025 and holding an A$817 million cash and bullion position as of the March 2026 quarter.
Notable vs. Peers
- Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.
- Financials score of 8.1/10 is stronger than the peer average of 6.4/10.
- Trading within 0% of its 52-week high — strong recent price momentum.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Apr 2019 · Cote d'Ivoire's government granted Perseus the Exploitation Permit for the Yaoure Gold Mine, the final permit required before development could begin. · Source
- May 2019 · Perseus' Board formally approved commencement of development/construction of the Yaoure Gold Mine (~US$262.7M project); site works began effectively immediately. · Source
- May 2019 · Same release as the construction decision above -- development/earthworks began immediately following the May 2019 Board approval; no separately dated construction-start release was found. · Source
- Dec 2020 · Perseus poured first gold at Yaoure, five weeks ahead of schedule and under budget. · Source
- Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists across a multi-mine West African portfolio: Edikan (Ghana, producing since 2011/2012), Sissingue (Cote d'Ivoire, producing since 2018), and Yaoure (Cote d'Ivoire, producing since 2020/2021), each reaching commercial production independently, plus the Nyanzaga project (Tanzania) under development and on track for first production. June 2026 quarter report showed Sissingue at 18,000 oz (up ~60% q/q) and Edikan at 38,352 oz (up 17% q/q), with combined gold sales of 86,607 oz across the quarter at an average sale price of $3,437/oz. Note: Miner.country reads Cote d'Ivoire (two of three current mines are there), but Edikan (Ghana) is also an active producer -- this is a multi-country operator, not Cote d'Ivoire-only. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Chief Financial Officer of Perseus Mining Limited since 2020, part of the executive team overseeing the company's West African gold operations at Edikan (Ghana), Sissingue (Cote d'Ivoire) and Yaoure (Cote d'Ivoire). 18+ years of senior financial, operational, strategic-management and board-director experience across multiple industries and jurisdictions. Immediately before Perseus, CFO of Resolute Mining Limited for approximately 3 years. Earlier career: senior financial and executive roles including CFO of Newmont Goldcorp Corporation and of Gem Diamonds, Head of Project Function - Iron Ore at BHP Billiton, Managing Director of Kimberley Diamonds, and Group Financial Manager of Unitrans. CA (SA); BCom (Hons) Accounting, University of the Witwatersrand.
Chief Operating Officer of Perseus Mining Limited, joining the executive leadership team in the role from 1 June 2026, based in Perseus's Dubai office overseeing operations across Africa. 25+ years of experience in gold and base-metals operations across Australia, West Africa and Southern Africa. Immediately before Perseus, COO at Appian Capital Base Metals; before that, GM of AngloGold Ashanti's Obuasi Mine in Ghana. Earlier career: Head of Mining for Khoemacau (Cupric Canyon Capital), Lead & Head of Underground Mining at Anglo American, and Executive Head Mining Technical at Anglo American Platinum. BEng (Mining) and BSc (Chemistry), University of Queensland.
Chief Development Officer of Perseus Mining Limited since Jan 2025, responsible for the company's growth and project development pipeline. Nearly two decades of mining-engineering and strategic-planning experience. Before Perseus, roles of increasing seniority at Gold Fields Limited including Group Mining Engineer (Open Pit), VP Strategic Planning, and Acting EVP Strategy/Strategic Planning/Corporate Development. Before Gold Fields, roles of increasing responsibility at Barrick (already tracked in this DB, ABX) including Principal Engineer (Open Pit) and Superintendent, Mine Engineering Services. BEng (Mining Engineering) and MSc (Mineral Economics), Western Australian School of Mines; MBA, Curtin Graduate School of Business; Chartered Mining Professional, AusIMM.
Independent Non-Executive Chairman of Perseus Mining Limited, appointed following a search for an eminent future leader in May 2024, assuming the role with immediate effect in Aug 2024 (replacing interim executive chairman Jeff Quartermaine). CEO then Executive Chairman of Anglovaal Mining Limited (1996-2004); merged Anglovaal with Patrice Motsepe's ARM to form African Rainbow Minerals, remaining Deputy Chairman and CEO of subsidiary Teal Mining and Exploration Inc. until 2008. Through 2011, also President of the SA Minerals Council, Chairman of Tourism SA, Chairman of Bateman Engineering, Deputy Chairman of Harmony Gold and of Associated Manganese Mines, and a director of Standard Bank Group, Telkom South Africa and Mutual & Federal Insurance (board roles, not separately scored). In 2011, joined Credit Suisse's investment banking group as a Senior Advisor working on sub-Saharan African transactions, leaving when Credit Suisse was taken over by UBS in 2023.
Managing Director and Chief Executive Officer of Perseus Mining Limited. Joined Perseus as CEO-designate on 18 August 2025 and took over as CEO on 1 October 2025, on the retirement of long-serving Managing Director & CEO Jeff Quartermaine. 25+ years of global mining experience across Australia, Papua New Guinea, Indonesia and Canada. Joined Newcrest Mining in 2008, a member of its executive team from 2012, and ultimately Newcrest's global Chief Operating Officer with responsibility for 5 operating assets (Newcrest merged into Newmont Corporation in Nov 2023, well before his own departure). No confirmed pre-2008 career details found this pass. Not to be confused with the separate Craig Jones who is Managing Director & CEO of Torque Metals and former Chief Operating Officer of Spartan Resources.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Three precious-metals specialist funds hold small positions -- Franklin Gold and Precious Metals at 3.39%, ASA Gold & Precious Metals at 0.90% and Gabelli Gold at 0.67% -- and no producer or strategic investor holds a stake. Pulling the other way, five directors and executives sold shares between September 2025 and January 2026, including the managing director selling 1.5 million shares, with no purchases at all. Perseus is itself a strategic holder of other companies, notably 17.87% of Predictive Discovery, but that says nothing about who has bought into Perseus. The holder data here was last refreshed in 2020-2021.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.