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Perseus Mining Ltd

www: www.perseusmining.com   email: info@perseusmining.com
Category: Emerging Major
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Symbol Data

Symbol Currency
TSE:PRU CAD
OTCMKTS:PMNXF USD
ASX:PRU AUD

Description

Perseus Mining Ltd are a gold focused emerging major with three producing mines in Cote d'Ivoire and Ghana, two mines in development in Cote d'Ivoire and exploration properties. Currently they produce roughly 500koz. of gold per year. They have approximately 12Moz. of gold in the reserves and resources category of which 10Moz. are in the measured and indicated category. They have a market capitalisation of ~C$2523.83M which is a rise of roughly 6% over the last three months. As of 12/01/2024 they have no debt and ~C$713.75M cash. They have 1,376M shares outstanding and trade on the Toronto Stock Exchange, the Australian Stock Exchange and the over-the-counter markets.

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General Details

Financial 12/01/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $2,390.12M $2,523.83M 12/01/2024 $133.71M
Total Assets: $1,713.93M $1,691.02M 12/01/2024 $-22.91M
Total Liabilities: $1,499.69M $1,479.64M 12/01/2024 $-20.05M
Current Assets: $692.00M $713.75M 01/28/2025 $21.75M
Current Liabilities: $122.83M $121.19M 12/01/2024 $-1.64M
Total Debt: $0.00M $0.00M 12/01/2024 $0.00M
Cash: $570.60M $713.75M 01/28/2025 $143.16M
Enterprise Value: $1,819.52M $1,810.07M 05/11/2027 $-9.45M
Cash Flow: $538.00M $692.60M never $154.60M
Cash Flow Multiple: 4.44 3.64 never -0.80
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 12/01/2024 n/a
Misc 12/01/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 1,376,151,886 1,376,151,886 12/01/2024 0
Shares (FD): 1,383,000,000 1,383,000,000 12/01/2024 0
Insider Ownership: n/a n/a never n/a
Dividend (Annual): n/a 1.8% 01/28/2025 1.8%
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 12/01/2024 n/a
Production (Gold Eq Oz.): (guess) 
500,000		 (guess) 
500,000		 12/01/2024 0
Production (Silver Eq Oz.): (guess) 
43,592,297		 (guess) 
45,324,274		 12/01/2024 1,731,977
Initial CapEx (Outstanding): n/a n/a 12/01/2024 n/a
Funding Option: n/a n/a 12/01/2024 n/a
Documentation: none PRODUCER 01/28/2025 n/a
Future MCap Modifier: 0.25
Producer: Quality
 0.25
Producer: Quality
 12/04/2023 0
Cash Flow Multiplier: 12 12 12/04/2023 0.00

Resource Data

GOLD 12/01/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 5.00M 5.00M 12/01/2024 0.00M
Measured & Indicated: 10.00M 10.00M 12/01/2024 0.00M
Inferred: 2.00M 2.00M 12/01/2024 0.00M
Reserves & Resources: 12.00M 12.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 4.25M 4.25M 12/01/2024 0.00M
Measured & Indicated: 7.65M 7.65M 12/01/2024 0.00M
Inferred: 0.85M 0.85M 12/01/2024 0.00M
Reserves & Resources: 8.50M 8.50M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
500,000oz.		 (guess) 
500,000oz.		 12/01/2024 0oz.
Cash Cost: $1,000 $1,000 12/01/2024 $0.00
Extra Operating Cost: $550 $550 12/01/2024 $0.00
Total: $1,550 $1,550 12/01/2024 $0.00
Margin (Free Cash Flow): $1,076 (41%) $1,385 (47%) $309.20
G
R
A
D
E		 Underground (Avg): 2.00 g/t 2.00 g/t 12/01/2024 n/a
Open Pit (Avg): n/a 1.40 g/t 03/24/2024 1.40 g/t
Recovery Rate: (CG)  85.00% (CG)  85.00% 01/28/2025 0.00%
F
U
T
U
R
E		 Proven & Probable: 12.00M 12.00M 12/01/2024 0.00M
Annual Production: 700,000oz. 700,000oz. 12/01/2024 0oz.
Cash Cost: $1,050 $1,050 12/01/2024 $0
Extra Operating Cost: $550 $550 12/01/2024 $0
SILVER 12/01/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/01/2024 0.00M
Measured & Indicated: n/a n/a 12/01/2024 0.00M
Inferred: n/a n/a 12/01/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/01/2024 0.00M
Measured & Indicated: n/a n/a 12/01/2024 0.00M
Inferred: n/a n/a 12/01/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 12/01/2024 $0.00
Extra Operating Cost: n/a n/a 12/01/2024 $0.00
Total: n/a n/a 12/01/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 12/01/2024 n/a
Open Pit (Avg): n/a n/a 12/05/2023 n/a
Recovery Rate: n/a n/a 12/01/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/01/2024 0.00M
Annual Production: n/a n/a 12/01/2024 n/a
Cash Cost: n/a n/a 12/01/2024 n/a
Extra Operating Cost: n/a n/a 12/01/2024 n/a

Property

Last Analysis Data  (12/01/2024)
Stage Name Owned Au Ag Cu Notes
Prod Angovia 90% n/a
Prod Sissinggue 100% show
800,000 oz open pit.

Producing.
Dev Tengrela 80% show
Large exploration property.
Dev Yaoure 100% show
3.5 million oz (1.5 gp) deposit.
$260 million capex.
$750 per oz cash costs.
Exp Bagoe Project 100% show
Early exploration.
Exp Liberty Project 100% show
Early exploration.
Prod Edikan 90% show
Main producing mine. 200,000 oz per year.
Exp Grumesa 90% n/a
Exp Block 67 70% n/a
Exp Block 68 100% n/a
Exp Meyas 70% show
250,000 acres.

Block 14 includes Galat Sufar, their first potential mine.

Galat is a 3 million deposit at 1.8 gpt.
Exp Nyanzaga 80% show
3 million oz high-grade open pit.

DFS released in 2022.
Construction planned for 2024.
Production 2025.

Tanzania Govt 20% ownership free carried.
Total Land Package Size (ha): 165,300  
Current Data
Stage Name Owned Au Ag Cu Notes
Prod Angovia 90% n/a
Prod Sissinggue 100% show
800,000 oz open pit.

Producing.
Dev Tengrela 80% show
Large exploration property.
Dev Yaoure 100% show
3.5 million oz (1.5 gp) deposit.
$260 million capex.
$750 per oz cash costs.
Exp Bagoe Project 100% show
Early exploration.
Exp Liberty Project 100% show
Early exploration.
Prod Edikan 90% show
Main producing mine. 200,000 oz per year.
Exp Grumesa 90% n/a
Exp Block 67 70% n/a
Exp Block 68 100% n/a
Exp Meyas 70% show
250,000 acres.

Block 14 includes Galat Sufar, their first potential mine.

Galat is a 3 million deposit at 1.8 gpt.
Exp Nyanzaga 80% show
3 million oz high-grade open pit.

DFS released in 2022.
Construction planned for 2024.
Production 2025.

Tanzania Govt 20% ownership free carried.
Total Land Package Size (ha): 165,300  

Profitability (by resource)

Proven &
Probable		 12/01/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 5.00M 5.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 17.32M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 4.25M 4.25M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 14.72M
Maximum Profit (Gold): $4,573.00M $5,887.10M n/a $1,314.10M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $4,573.00M $5,887.10M n/a $1,314.10M
Max Profit / Current MCap: 1.913 2.333 n/a 0.419
Max Profit Per Share (Gold): $3.31 $4.26 n/a $0.95
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.31 $4.26 n/a $0.95
Total Free Profit Per Share: $0.89 $1.67 n/a $0.78
FD MCap / Gold Eq.: $562.38 $593.84 n/a $31.46
FD MCap / Silver Eq.: $6.45 $6.55 n/a $0.10
FD MCap / Per Metal
as % Spot Price:		 21.42% 20.23% n/a -1.18%
Measured &
Indicated		 12/01/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 10.00M 10.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 34.64M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 7.65M 7.65M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 26.50M
Maximum Profit (Gold): $8,231.40M $10,596.78M n/a $2,365.38M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $8,231.40M $10,596.78M n/a $2,365.38M
Max Profit / Current MCap: 3.444 4.199 n/a 0.755
Max Profit Per Share (Gold): $5.95 $7.66 n/a $1.71
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $5.95 $7.66 n/a $1.71
Total Free Profit Per Share: $3.53 $5.07 n/a $1.54
FD MCap / Gold Eq.: $312.43 $329.91 n/a $17.48
FD MCap / Silver Eq.: $3.58 $3.64 n/a $0.06
FD MCap / Per Metal
as % Spot Price:		 11.90% 11.24% n/a -0.66%

Reserves &
Resources		 12/01/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 12.00M 12.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 41.57M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 8.50M 8.50M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 29.44M
Maximum Profit (Gold): $9,146.00M $11,774.20M n/a $2,628.20M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $9,146.00M $11,774.20M n/a $2,628.20M
Max Profit / Current MCap: 3.827 4.665 n/a 0.839
Max Profit Per Share (Gold): $6.61 $8.51 n/a $1.90
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $6.61 $8.51 n/a $1.90
Total Free Profit Per Share: $4.19 $5.92 n/a $1.73
FD MCap / Gold Eq.: $281.19 $296.92 n/a $15.73
FD MCap / Silver Eq.: $3.23 $3.28 n/a $0.05
FD MCap / Per Metal
as % Spot Price:		 10.71% 10.12% n/a -0.59%

Future Valuation (Cash Flow & Totals)

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