Perseus Mining (Ghana) Limited has paid a dividend of GH₵73.5million – approximately US$5million –\xa0 to government for the 2024 financial year.
Perseus declared a total dividend of US$50million for the 2024 financial year. The state has a 10 percent carried interest through the Ministry of Lands and Natural Resources.
Speaking during the presentation of a symbolic cheque to the state in Accra, Managing Director-Perseus Mining Jeff Quartermaine said the company’s ability to pay dividends had been made possible by excess profits and favourable global gold prices, following a period of debt repayment.
He expressed gratitude to government for its support and assured that the company is in a position to meet its responsibilities going forward.
Receiving the payment on behalf of the acting Director-General of the State Interest and Governance Authority (SIGA), Professor Kpessa Whyte, acting General Manager-Operations, SIGA, Millicent Atuguba lauded\xa0 the company’s gesture – citing it as an example of good governance and operational efficiency.
She noted the importance of accountability and returns on public investment under government’s reset jadwal.
The event was attended by Board Chairman-Perseus Mining Company Limited, Ehunabobrim Prah Agyensaim, other board members and SIGA officials.
Keen to increase investments
Mr. Quartermaine said his outfit’s strong financial performance means that it is in a better position to increase its investment in the country.
We are highly interested in expanding our investments in Ghana whenever suitable opportunities arise,” he stated, noting that they are also working on extending the lifespan of their current mine.
At present, Perseus manages the Edikan gold mine located in the Ashanti gold belt.
Since beginning commercial operations in 2012, the mine has yielded over 2 million ounces of gold. According to present ore reserves, Perseus expects to extract an additional 1.3 million ounces of gold from the Edidian site throughout the remainder of the mine’s operational lifespan.
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