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flag Perseus sells its Sudan gold project to a Chinese firm for $260 million amid ongoing conflict.

flag 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. flag The deal, structured as an “as is, where is” sale, follows a strategic review driven by ongoing conflict in Sudan that hindered development. flag The buyer, part of China’s Matrix Group, will take over the project, which Perseus acquired in 2022. flag The sale aims to strengthen Perseus’s financial position and redirect resources to higher-priority projects.

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