Perseus Mining Ord Shs T.PRU

Alternate Symbol(s): PMNXF

Metals & Mining Gold

Perseus Mining Limited is an Australia-based gold producer, developer, and explorer. The Company also conducts mineral exploration and evaluation activities in Africa. It operates three gold mines in Africa: Edikan in Ghana and Sissingue and Yaoure in Cote d'Ivoire and owns the Meyas Sand Gold Project in Sudan. Edikan Gold Mine is a large-scale, low-grade multi open-pit operation located in the Central Region of Ghana, approximately 45 kilometers southwest of the regional town of Obuasi. The Sissingue is located in northern Cote d'Ivoire and lies within the Sissingue exploitation permit that covers an area of over 446 square kilometers, bounded on one side by the international border between Cote d’Ivoire and Mali. Yaoure is located in central Cote d'Ivoire, over 40 kilometers northwest of Yamoussoukro, the political capital, and over 270 kilometers northwest of Abidjan, the economic capital of Cote d'Ivoire. It also operates Nyanzaga Gold Project, located in north-western Tanzania.

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Perseus Mining Ord Shs

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Post by lotusprinceon Aug 16, 2013 5:02pm

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Post# 21677480

Will gold price continue to rise ?

PRU was looking at $1400 per ounce to break even H1 2013 production costs. I think the rally is in anticipation that gold prices are rising. I would look at this very cautiously since PRU is actually making loss and acruing debt.

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