Perseus Mining Limited (AU:PRU) has released an update.
Perseus Mining Limited has sold its entire 9.6% stake in Montage Gold Corp for C$61.38 million, exiting its position and enhancing its financial strength. These funds will contribute to offsetting the cost of Perseus’s recent A$86.0 million acquisition of a strategic stake in Predictive Discovery Inc’s Bankan Gold Project in Guinea. The sale follows Perseus’s strategy of focusing on core assets and comes after its acquisition of Orca Gold Inc in May 2022.
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