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Business Description: Perseus Mining Limited (PRU) is a gold mining, exploration, evaluation and development corporation with activities focussed on under-explored gold belts located in West Africa. PRU’s principal assets are located in Ghana and the Ivory Coast in Africa, comprising Edikan Gold Mine,Tengrela Gold Project and Grumesa Gold Project. PRU’s shares are also listed on the Toronto Stock Exchange (TSX) and the German Stock Exchange.
Strategy Analysis: PRU aims toexpandits gold resource basethrough rapidexploration of existing ground andacquisition of prospective newprojects, while developing the Central Ashanti Gold Project as well as, potentially, the Tengrela Gold Project. The Company plansto start its first mining operation in2011 and aims athaving multiple gold mines operating in West Africa
Perseus Mining reported negative cash flow of $65.86m for the quarter ended 31 December 2012. Operating cash flow for the period was $(4.8m). Payments for exploration and evaluation were $(4.04m). Investing cash flow was $(331,000). Financing cash flow was $(60.73m). Cash in hand at the end of the quarter was $39.67m.
The Age 24/05/2013 |
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The Age 24/05/2013 |
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The Age 24/05/2013 |
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The Age 24/05/2013 |
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The Age 24/05/2013 |
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