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Perseus Mining ( (AU:PRU) ) has shared an announcement.
Perseus Mining Limited has announced encouraging results from its ongoing drilling program at the Nyanzaga Gold Project in Tanzania. The results, part of a second phase of drilling, have shown significant gold mineralization, reinforcing the company’s confidence in expanding the project’s mineral resources and reserves. This could potentially extend the mine’s life beyond the current prediction of 11 years. The drilling program aims to inform the proposed open pit mining scenario and evaluate potential extensions of mineralization, with further drilling planned to confirm these findings.
The most recent analyst rating on (AU:PRU) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.
More about Perseus Mining
Perseus Mining Limited is a company operating in the mining industry, primarily focused on gold exploration and production. It is listed on the Australian Securities Exchange (ASX) and the Toronto Stock Exchange (TSX) under the symbol PRU. The company is actively engaged in developing the Nyanzaga Gold Project in Tanzania, aiming to expand its mineral resources and reserves.
YTD Price Performance: 41.23%
Average Trading Volume: 5,856,862
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$4.87B
Find detailed analytics on PRU stock on TipRanks’ Stock Analysis page.