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Perseus Mining ( (AU:PRU) ) just unveiled an update.
Perseus Mining Limited has formalized agreements with the Tanzanian government to advance the Nyanzaga Gold Project, which is 80% owned by Perseus. This development follows a Final Investment Decision made in April 2025, and the project is expected to be the lowest cost operation in Perseus’s portfolio. The agreements, resulting from extensive negotiations, reflect Tanzania’s openness to foreign investment and are seen as a ‘win-win’ for both parties. The project is set to begin gold production in the first quarter of 2027, with significant production forecasts and a competitive cost structure, positioning Perseus favorably within the industry.
The most recent analyst rating on (AU:PRU) stock is a Buy with a A$4.85 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 mining company operating in the gold mining industry. The company focuses on the development and operation of gold mines, with a particular emphasis on projects in Africa. Its portfolio includes multiple mining operations, and it is actively engaged in expanding its footprint through strategic projects like the Nyanzaga Gold Project in Tanzania.
Average Trading Volume: 5,222,200
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$4.81B
See more insights into PRU stock on TipRanks’ Stock Analysis page.