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Perseus Mining hits two transformation milestones

The group said it was now “on the path to implementing its strategy of transforming Perseus into a multi-jurisdictional, multi-mine producer of in excess of 500,000 ounces of gold per year by 2021.”

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The group has appointed Chris Woodall as Chief Operating Officer

West African gold producer Perseus Mining Limited (TSX:PRU, ASX:PRU) has reached two major milestones with the credit approval of project debt facility and the appointment of a chief operating officer.

The group said it was now “on the path to implementing its strategy of transforming Perseus into a multi-jurisdictional, multi-mine producer of in excess of 500,000 ounces of gold per year by 2021.”

Perseus has received full credit committee approval of a US$60mln project debt facility by Macquarie Bank Limited and BNP Paribas, the prospective lenders to Sissingué.

Ahead of the expansion of its operating activities in Ghana and Sissingué by the end of 2017 - and the prospect of a third mine at Yaouré within several years - the group has appointed Chris Woodall to the role of Chief Operating Officer.

Woodall most recently held the positions of Senior Vice President Operations for Goldcorp Inc and before that the role of Global Director Mining for Barrick Gold Corporation.

Quick facts: Perseus Mining Ltd

Price: 0.865 AUD

ASX:PRU
Market: ASX
Market Cap: $1.02 billion
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