Perseus Mining Ltd (ASX:PRU) has a new substantial shareholder in Dimensional Entities who have accumulated a 5.00% stake.
Dimensional Entities encompasses Dimensional Fund Advisors, a US-headquartered investment firm that applies academic research to practical investing on a global scale.
Perseus is a rapidly growing producer operating two gold mines in West Africa and developing its third mine.
The company aims to increase gold production to over 500,000 ounces of gold per year in 2021/2022.
Proactive caught up with Perseus in October following a successful September quarter for an update.