Perseus acquires 9.9% stake in Aurum Resources

The news: Perseus Mining has acquired 9.9% of issued shares in gold miner Aurum Resources through the Aurum equity raising announcement, valued at $23.69 million.

The context: Aurum is an emerging mineral development company. Its flagship project, the Boundiali Gold Project, is located in West Africa alongside Perseus’ Sissingué gold mine, which has been in operation since January 2018.

What they said: “The Aurum team have done an excellent job assembling a highly prospective tenement package and building a significant resource base at a relatively low cost,” Perseus Mining CEO Craig Jones said.

“The location of their discoveries presents potential future synergies and Perseus is pleased to be able to support Aurum is developing the project,” he added.