Perseus Mining acquired a 13.82% stake in Predictive Discovery for over $68m, targeting Bankan Gold Project in Guinea for expansion.

Perseus Mining acquired a 13.82% stake in Predictive Discovery, a mineral development firm with the Bankan Gold Project in Guinea, for over $68m. Perseus, which operates 3 gold mines in West Africa and the Nyanzaga project in Tanzania, sees the acquisition as part of its capital management strategy, aiming for material growth for shareholders. Despite not having plans for a takeover, Bankan's gold project in Guinea, an attractive development in a growing gold mining region, aligns with Perseus's expansion efforts.

August 14, 2024
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