Perseus Mining Ltd
PRU: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$3.19 | Jmxs | Pjblyttfs |
Perseus Shares Remain Undervalued
Business Strategy and Outlook
Perseus Mining owns three gold mines in West Africa. All were purchased as exploration licenses or development projects. In 2004, the company purchased the Tengrela project in Ivory Coast that became its 86%-owned Sissingue mine. The exploration license that became its 90%-owned Edikan mine in Ghana was bought in 2006, with its 90%-owned Yaoure mine in Ivory Coast acquired as a development project via the merger with Amara Mining in 2016. The purchase of Orca Gold in 2022 also brought the 70%-owned Meyas Sand gold project in Sudan into its portfolio.