Perseus Mining (ASX: PRU): Cash-Rich Producer With a Growth Option

Perseus Mining is a West African gold producer operating three mines, Yaouré and Sissingué in Cote d'lvoire and Edikan in Ghana, with group output near half a million ounces a year. The company is unhedged, net cash, and dividend-paying, with additional flexibility through a renewed on-market buyback. Recent financials show healthy cash margins at current gold prices and an unusually strong balance sheet featuring substantial cash and bullion on hand and no drawn debt. Market context matters: the gold price remains elevated, and Perseus has been converting this into operating cash flow while maintaining capital discipline and. . .