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Perseus Mining Ltd

www: www.perseusmining.com   email: info@perseusmining.com
Category: Mid-tier Producer
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Symbol Data

Symbol Currency
ASX:PRU AUD
OTCMKTS:PMNXF USD
TSE:PRU CAD

Description

Perseus Mining Ltd are a gold focused mid-tier producer with three producing mines in Cote d'Ivoire and Ghana, two mines in development in Cote d'Ivoire and one exploration property. Currently they produce roughly 275koz. of gold per year. They have approximately 9Moz. of gold in the reserves and resources category of which 7.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$1275.95M which is a rise of roughly 86% over the last ten months. As of 12/01/2019 they have ~C$32M debt and ~C$126.48M cash. They have 1,168M shares outstanding and trade on the Toronto Stock Exchange, the Australian Stock Exchange and the over-the-counter markets.

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General Details

Financial 12/01/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $687.09M $1,275.95M 12/01/2019 $588.85M
Total Assets: $728.83M $729.53M 12/01/2019 $0.69M
Total Liabilities: $139.15M $139.28M 12/01/2019 $0.13M
Current Assets: $201.58M $201.77M 12/01/2019 $0.19M
Current Liabilities: $63.93M $63.99M 12/01/2019 $0.06M
Total Debt: $32.34M $32.37M 12/01/2019 $0.03M
Cash: $126.36M $126.48M 12/01/2019 $0.12M
Enterprise Value: $593.07M $1,181.84M 06/14/2007 $588.77M
Cash Flow: $50.78M $135.60M never $84.82M
Cash Flow Multiple: 13.53 9.41 never -4.12
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 12/01/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 12/01/2019 0.00%
Misc 12/01/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 1,167,980,000 1,167,980,000 12/01/2019 0
Shares (FD): 1,201,980,000 1,201,980,000 12/01/2019 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 12/01/2019 n/a
Production (Gold Eq Oz.): (guess) 
275,000
(guess) 
275,000
12/01/2019 0
Production (Silver Eq Oz.): (guess) 
23,665,197
(guess) 
21,649,855
12/01/2019 -2,015,342
Initial CapEx (Outstanding): n/a n/a 12/01/2019 n/a
Funding Option: n/a n/a 12/01/2019 n/a
Documentation: none PRODUCER 09/19/2020 n/a
Value Adjustment: none 50% never 50%

Resource Data

GOLD 12/01/2019
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 4.00M 4.00M 12/01/2019 0.00M
Measured & Indicated: 7.50M 7.50M 12/01/2019 0.00M
Inferred: 1.50M 1.50M 12/01/2019 0.00M
Reserves & Resources: 9.00M 9.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 3.40M 3.40M 12/01/2019 0.00M
Measured & Indicated: 5.78M 5.78M 12/01/2019 0.00M
Inferred: 0.64M 0.64M 12/01/2019 0.00M
Reserves & Resources: 6.42M 6.42M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
275,000oz.
(guess) 
275,000oz.
12/01/2019 0oz.
Cash Cost: $800 $800 12/01/2019 $0.00
Extra Operating Cost: $400 $400 12/01/2019 $0.00
Average Grade: 1.50 g/t 1.50 g/t 12/01/2019 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 09/19/2020 0.00%
F
U
T
U
R
E
Proven & Probable: 7.50M 7.50M 12/01/2019 0.00M
Annual Production: 400,000oz. 400,000oz. 12/01/2019 0oz.
Cash Cost: $800 $800 12/01/2019 $0
Extra Operating Cost: $400 $400 12/01/2019 $0
SILVER 12/01/2019
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 12/01/2019 0.00M
Measured & Indicated: n/a n/a 12/01/2019 0.00M
Inferred: n/a n/a 12/01/2019 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 12/01/2019 0.00M
Measured & Indicated: n/a n/a 12/01/2019 0.00M
Inferred: n/a n/a 12/01/2019 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 12/01/2019 $0.00
Extra Operating Cost: n/a n/a 12/01/2019 $0.00
Average Grade: n/a n/a 12/01/2019 n/a
Recovery Rate: n/a n/a 12/01/2019 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 12/01/2019 0.00M
Annual Production: n/a n/a 12/01/2019 n/a
Cash Cost: n/a n/a 12/01/2019 n/a
Extra Operating Cost: n/a n/a 12/01/2019 n/a

Property

Last Analysis Data  (12/01/2019)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Yamoussoukro, Cote D'ivoire, Cote d'Ivoire Angovia 90% n/a n/a n/a
Production West Africa, Cote d'Ivoire Sissinggue 100% (guess) n/a Open Pit show
800,000 oz open pit.

Producing.
Production West Africa, Ghana Edikan 90% n/a n/a show
Main producing mine. 200,000 oz per year.
Development Cote D'ivoire, Cote d'Ivoire Tengrela 80% 88,000 n/a show
Large exploration property.
Development West Africa, Cote d'Ivoire Yaoure 100% n/a Open Pit show
3.5 million oz (1.5 gp) deposit.
$260 million capex.
$750 per oz cash costs.
Exploration Ghana Grumesa 90% n/a n/a n/a
Total Land Package Size (ha): 88,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Production Yamoussoukro, Cote D'ivoire, Cote d'Ivoire Angovia 90% n/a n/a n/a
Production West Africa, Cote d'Ivoire Sissinggue 100% (guess) n/a Open Pit show
800,000 oz open pit.

Producing.
Development Cote D'ivoire, Cote d'Ivoire Tengrela 80% 88,000 n/a show
Large exploration property.
Development West Africa, Cote d'Ivoire Yaoure 100% n/a Open Pit show
3.5 million oz (1.5 gp) deposit.
$260 million capex.
$750 per oz cash costs.
Production West Africa, Ghana Edikan 90% n/a n/a show
Main producing mine. 200,000 oz per year.
Exploration Ghana Grumesa 90% n/a n/a n/a
Total Land Package Size (ha): 88,000  

Profitability (by resource)

Proven &
Probable
12/01/2019
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 4.00M 4.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -29.31M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 3.40M 3.40M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -24.92M
Maximum Profit (Gold): $627.84M $2,514.71M n/a $1,886.86M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $627.84M $2,514.71M n/a $1,886.86M
Max Profit / Current MCap: 0.914 1.971 n/a 1.057
Max Profit Per Share (Gold): $0.52 $2.09 n/a $1.57
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.52 $2.09 n/a $1.57
Total Free Profit Per Share: $0.00 $0.68 n/a $0.68
FD Mkt. Cap / Gold Eq.: $202.09 $375.28 n/a $173.19
FD Mkt. Cap / Silver Eq.: $2.35 $4.77 n/a $2.42
FD Mkt. Cap / Per Metal
as % Spot Price:
13.81% 19.71% n/a 5.90%
Measured &
Indicated
12/01/2019
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 7.50M 7.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -54.96M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 5.78M 5.78M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -42.36M
Maximum Profit (Gold): $1,067.33M $4,275.00M n/a $3,207.67M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,067.33M $4,275.00M n/a $3,207.67M
Max Profit / Current MCap: 1.553 3.350 n/a 1.797
Max Profit Per Share (Gold): $0.89 $3.56 n/a $2.67
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.89 $3.56 n/a $2.67
Total Free Profit Per Share: $0.13 $2.15 n/a $2.02
FD Mkt. Cap / Gold Eq.: $118.87 $220.75 n/a $101.88
FD Mkt. Cap / Silver Eq.: $1.38 $2.80 n/a $1.42
FD Mkt. Cap / Per Metal
as % Spot Price:
8.12% 11.59% n/a 3.47%

Reserves &
Resources
12/01/2019
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 9.00M 9.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -65.96M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 6.42M 6.42M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -47.03M
Maximum Profit (Gold): $1,185.06M $4,746.51M n/a $3,561.46M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,185.06M $4,746.51M n/a $3,561.46M
Max Profit / Current MCap: 1.725 3.720 n/a 1.995
Max Profit Per Share (Gold): $0.99 $3.95 n/a $2.96
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.99 $3.95 n/a $2.96
Total Free Profit Per Share: $0.23 $2.54 n/a $2.31
FD Mkt. Cap / Gold Eq.: $107.07 $198.82 n/a $91.76
FD Mkt. Cap / Silver Eq.: $1.24 $2.53 n/a $1.28
FD Mkt. Cap / Per Metal
as % Spot Price:
7.31% 10.44% n/a 3.13%

Future Valuation (Cash Flow & Totals)

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