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Perseus sells its Sudan gold project to a Chinese firm for $260 million amid ongoing conflict.
Perseus has agreed to sell its 70% stake in Sudan’s Meyas Sand gold project to Hong Kong Matrix Golden Fortune Mining for $260 million, with $10 million paid upfront and $250 million due April 22, 2026.
The deal, structured as an “as is, where is” sale, follows a strategic review driven by ongoing conflict in Sudan that hindered development.
The buyer, part of China’s Matrix Group, will take over the project, which Perseus acquired in 2022.
The sale aims to strengthen Perseus’s financial position and redirect resources to higher-priority projects.
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Perseus vende su proyecto de oro de Sudán a una firma china por 260 millones de dólares en medio de un conflicto en curso.