Mining(Ecofin Agency) - Canadian gold miner Perseus Mining, having produced over 500,000 ounces in 2023 from its three operating mines in West Africa, is actively pursuing portfolio expansion. The company made a takeover bid for the owner of a gold project in Tanzania. Canadian gold miner Perseus Mining announced a cooperation agreement with Saudi Arabia's Ajlan & Bros Mining & Metals Company (ABM) on February 21, targeting joint investments in North Africa and Saudi Arabia. Based in Australia, Perseus currently operates three gold mines in West Africa: Sissingué and Yaouré in Côte d'Ivoire and Edikan in Ghana. It also holds a 70% stake in Sudan's Meyas Sand gold project and is pursuing a takeover of the Nyanzaga gold project in Tanzania through OreCorp acquisition.

Source: The North Africa Journal February 27, 2024 10:03 UTC