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African adventure bears fruit for rising star Perseus

Peter Ker

Key Points

  • Revenue ($m): 679.7 up, 15pc from year-earlier 591.2
  • Pre-tax loss ($m): 163 v year-earlier 126.7
  • Net loss ($m): 116.2 vs 94.4
  • Final dividend: nil

Perseus Mining has delivered a reminder to the Australian gold sector that a successful business can be built beyond the security of developed nations, as its long journey in West Africa culminated in record profits and a maiden dividend on Thursday.

Fifteen years after it first ventured into Africa, Perseus now has three gold mines operating across Ghana and Cote D’Ivoire and has staked a claim as an emerging mid-tier player in the ASX gold sector.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/african-adventure-bears-fruit-for-rising-star-perseus-20210826-p58m19