Perseus Mining Limited
PRUPerseus Mining Limited explores, evaluates, develops, and mines for gold properties in West Africa. The company primarily holds interests in the Edikan gold mine project located in Ghana; and Sissingué and Yaoure gold projects located in Côte d'Ivoire. Perseus Mining Limited was incorporated in 2003 and is based in Subiaco, Australia.
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Market Cap
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Total valuation
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Free Cash Flow
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Financial Position
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PEG Ratio
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P/E ÷ growth
Analysis
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Key Information
Legal Entity
Perseus Mining Limited
Sector
Precious Metal
Founded
February 3, 2010
Employees
1,100
Reporting Currency
CAD
Contact Phone
61 8 6144 1700
Website
www.perseusmining.comHeadquarters Address
437 Roberts Road , Subiaco , WA 6008 , AU
Identifiers
ISIN
AU000000PRU3Commodity Portfolio
Organization
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Videos
$TRX Gold: Self-Funding the Buckreef Gold Project’s Next Stage of Growth
Key Highlights
brief- The CEO says Perseus expects 200,000 ounces per year from its Tanzanian project.
- He adds that roughly half a billion dollars is being invested in that project, which is expected to come online in the next calendar year.
TRX Gold is expanding Buckreef from 2,000 to 5,500 tonnes per day using operating cash flow, targeting growth without shareholder dilution. The CEO cites roughly 30,000 ounces produced last year, $120 million run-rate revenue, and $80 million run-rate adjusted EBITDA. An updated economic study is due within about a quarter, with throughput and EBITDA expected well above the May 2025 study. Stamford Bridge drilling delivered the project's best intercepts, over 200 gram-tonne-metres, pointing to higher-grade ounces that could lower costs. Tanzania hosts major gold mines from AngloGold Ashanti, Perseus and Barrick, supplying experienced workers while TRX discusses a framework agreement with the government.
How TRX Gold ($TRX) Plans to Grow Production to 100,000 Ounces Per Year
Key Highlights
brief- The guest points to Perseus as a neighbouring operator in the Lake Victoria Greenstone Belt, noting Perseus is currently building a roughly $500 million project in the Sag area, which he uses to validate the district.
The CEO outlines a plan to triple output at Buckreef Gold from roughly 30,000 oz/year to a targeted 80,000–100,000 oz/year via a new 3,500-tonne-per-day circuit. The roughly $50M expansion is self-funded from current ~$20M quarterly adjusted EBITDA, $27M cash, and limited debt — no shareholder dilution is planned. Buckreef sits on a 1.5M oz resource at about 2.5 g/t; a four-rig drill campaign will convert ounces and test nine high-priority exploration targets. The CEO cites persistent government deficits, central-bank buying, geopolitical risk, and sticky inflation as durable structural supports for gold prices.
Newsletter Favorites Sorted by Quality (April 2026)
Key Highlights
brief- Don Durrett keeps Perseus below a 3.5 because of its West Africa exposure.
- He says Perseus just came out with a really good quarter.
Durrett ranks the 89 gold and silver stocks he owns on upside, downside risk, and company quality — a system investors can copy. His 'three-five' score marks a likely five-bagger — a stock he expects could multiply roughly five times from current levels. Only four holdings earn an A, reserved for low costs, clean balance sheets, and consistent execution — Australian mid-tier producers dominate the top. Country risk caps otherwise strong names: West African, Mexican, and Colombian exposure keeps ratings below top marks. He flags likely takeover targets among focused developers and producers still generating free cash flow.
Newsletter Favorites Upside (using New GSD Defaults)
Key Highlights
brief- The host is amazed that Perseus Mining, a company of that quality, prints as a seven-bagger at $7,000 gold.
Raising default price assumptions to $7,000 gold and $200 silver reflects conviction that current metal prices undershoot the macro setup. Screening 90 favorite miners at those prices prints 20-plus-bagger upside for many, but most need three-to-four-year mine builds first. Near-term producers like Guanajuato Silver need no new growth, so they offer immediate leverage if silver reaches $200. A gold-silver ratio squeeze toward 2.5-3% underpins the $175-200 silver target alongside $7,000 gold within 24-36 months. Timeline to getting paid is the key filter: the longer a mine build, the longer investors must wait for the printed upside.
Newsletter Favorites Overview (Feb 2026)
Key Highlights
detailed- Don ranks Perseus the number two West African miner behind Endeavour, saying it just generates free cash flow and builds mines.
- He says it is still cheap and it remains to be seen whether the market ever gives it full value.
Durrett argues there is limited time left to buy gold and silver producers while they are still cheap, expecting one more significant dip. His Newsletter Favorites list leans on quality Canadian and Australian mid-tier producers, which he expects to re-rate as the bull market warms up. Companies whose second and third projects get no market value offer free upside — you pay for the first asset and get the rest for nothing. Cheap forward free-cash-flow multiples persist in West Africa and among silver producers, where weak sentiment discounts heavy leverage to metal prices. Australian producers like Ramelius reaching major-sized valuations is, in his view, the first sign the junior gold bull market is broadening.
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