Gold miner PerseusMining will invest some $450million in the Sudan as it prepares for mining in that country, while announcing record financial results AfricaDownUnder2022 resources investment Africa ADU22
PERTH – Gold miner Perseus Mining has announced plans for a final investment decision on its recently acquired Block 14 gold project, in the Sudan, by the second half of 2023, while also announcing record financial results for the 2022 financial year.
“We strongly believe that the potential rewards far outweigh the risks and Perseus is going to Sudan and is very much willing to go the distance and to be able to achieve those benefits. We believe in terms of risk averse diversification, this is an outstanding location,” he added. Profits after tax for the full year was up 101% on the previous corresponding period, to A$280-million, while operating cash flows were up by 73% to A$523-million. Earnings before interest, tax, depreciation and amortisation for the full year also increased by 86% to A$564.1-mllion.
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