Company Overview

Perseus Mining Limited is an Australia-based gold mining and exploration company focused on the acquisition, development, and operation of gold projects in Africa. The company operates in the gold mining industry and derives the majority of its revenue from gold production and gold sales from its operating mines. Perseus is publicly listed on the Australian Securities Exchange and also trades over-the-counter in the United States under the ticker PMNXF. Its principal operating assets are located in West Africa, where it has established a multi-mine production platform supported by exploration and development activities.

The company’s primary business lines include gold extraction, mineral processing, mine development, and mineral exploration. Key revenue drivers are production from the Edikan Gold Mine in Ghana, the Sissingué Gold Mine in Côte d’Ivoire, and the Yaouré Gold Mine in Côte d’Ivoire. Perseus has positioned itself as a mid-tier gold producer with operational diversification across multiple jurisdictions in West Africa, which helps reduce reliance on any single asset. The company evolved from a mineral exploration business established in Australia into a multi-asset African gold producer through a combination of project acquisitions, mine development, and organic exploration growth.

Business Operations

Perseus Mining organizes its operations primarily around its producing gold mines and associated exploration activities. Its operating business includes the Edikan, Sissingué, and Yaouré mining complexes, each contributing to annual gold production and cash flow generation. Revenue is generated predominantly through the sale of refined gold to international bullion markets. The company maintains mining, processing, logistics, and exploration infrastructure in its host countries, including open-pit mining operations, processing plants, and supporting transport and energy assets.

The company’s operations span both domestic Australian corporate functions and international mining activities in Africa. While corporate management and capital market activities are centered in Australia, operational execution occurs mainly in Ghana and Côte d’Ivoire. Perseus also controls a portfolio of exploration tenements surrounding its producing mines to support reserve replacement and future production growth. The company has historically partnered with regional contractors, engineering firms, and local governments to support mine construction and operations, while maintaining ownership and operational control over its principal mining assets.

Strategic Position & Investments

Perseus Mining’s strategic direction has focused on maintaining a sustainable multi-mine gold production platform while extending mine life through exploration and selective acquisitions. The company has invested heavily in exploration drilling around existing operations to expand mineral reserves and identify satellite deposits. It has also emphasized operational efficiency, lower all-in sustaining costs, and disciplined capital allocation as central components of its long-term strategy.

A significant strategic development was the acquisition of OreCorp Limited, which provided Perseus with exposure to the Nyanzaga Gold Project in Tanzania. This acquisition expanded the company’s geographic footprint beyond Ghana and Côte d’Ivoire and added a major development-stage asset to its portfolio. Perseus has also invested in exploration opportunities across Africa and has demonstrated interest in maintaining a pipeline of future development projects capable of supporting long-term production continuity. The company continues to evaluate growth opportunities in the African gold sector while emphasizing jurisdictional diversification and operational scalability.

Geographic Footprint

Perseus Mining maintains its corporate headquarters in Perth, Western Australia, while its primary operational footprint is concentrated in West Africa. The company operates producing mines in Ghana and Côte d’Ivoire, with additional development exposure in Tanzania through the Nyanzaga project. These operations place Perseus among the more established foreign gold producers active in the West African mining sector.

Its market presence spans multiple continents through gold sales into international commodity markets and access to Australian capital markets. The company’s investments in African mining jurisdictions have positioned it as a significant participant in regional gold production, with operational influence extending across exploration, mine development, employment, infrastructure, and local procurement activities in host countries.

Leadership & Governance

Perseus Mining’s leadership team combines mining engineering, finance, geology, and operational management experience with a focus on disciplined project execution and long-term production sustainability. The company’s governance structure follows Australian public company standards and is overseen by a board of directors responsible for strategic direction, capital allocation, and operational oversight. Management communications and public filings have consistently emphasized operational reliability, reserve growth, and shareholder returns through prudent financial management.

Key executives include:

• Jeff Quartermaine – Managing Director & Chief Executive Officer
• Elissa Hansen – Chief Financial Officer
• Craig Jones – Chief Operating Officer
• Dean Moore – General Manager Business Development & Investor Relations
• Richard Taylor – Commercial Director

The leadership team has publicly emphasized maintaining a diversified African gold portfolio, extending mine life through exploration success, and pursuing disciplined acquisitions that complement the company’s operational expertise and existing regional presence.