Who Owns Perseus Mining Company?

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Who Owns Perseus Mining Company?

Understanding the ownership of Perseus Mining is key to grasping its strategic moves and market standing. A significant development was its April 2024 acquisition of OreCorp Limited, adding the Nyanzaga Gold Project in Tanzania to its assets.

Perseus Mining, established in 2004, is an Australian gold producer with operations in West Africa. The company's strategy centers on acquiring and developing gold mining assets, currently operating three mines in Ghana and Côte d'Ivoire.

As of July 21, 2025, Perseus Mining holds a market capitalization of $3.12 billion, with 1.36 billion shares outstanding. For the fiscal year ending June 30, 2024, the company achieved a record revenue of US$1.026 billion and a profit after tax of US$364.8 million. Investors interested in a deeper analysis of its market position might find the Perseus Mining BCG Matrix insightful.

Perseus Mining Limited was established in 2004, entering the gold mining sector with a strategic focus on acquiring exploration and development projects. While specific founder details and initial equity splits are not widely publicized, the company's early vision centered on developing gold deposits in West Africa.

Company Inception

Perseus Mining Limited commenced operations in 2004. The company's foundational strategy involved securing exploration licenses and development projects.

Early Project Acquisition

The company's initial phase focused on acquiring promising exploration opportunities. These acquisitions laid the groundwork for its future operational mines.

West African Focus

A key element of the founding team's vision was to concentrate on gold deposits within West Africa. This region was identified for its potential to create shareholder value.

Edikan Mine Development

The 90%-owned Edikan mine in Ghana, acquired as an exploration license, achieved its first gold production in 2011. This marked a significant early operational milestone.

Expansion in Ivory Coast

Following Edikan, the company expanded its operations by acquiring and developing the Sissingue mine (2018) and the Yaoure mine (2020) in Ivory Coast.

Responsible Mining Vision

The early strategy emphasized responsible mining practices to ensure sustainable value creation for Perseus Mining shareholders. This commitment guided the company's development approach.

The early vision of Perseus Mining's founders was to build a portfolio of gold assets in West Africa, a strategy that has been consistently pursued. This approach involved identifying and acquiring exploration or development stage projects, a process that has led to the establishment of its key mining operations. Understanding the Growth Strategy of Perseus Mining provides insight into how these early acquisitions have shaped the company's current ownership and operational landscape.

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Perseus Mining Limited's ownership structure has been shaped by strategic acquisitions, significantly altering its shareholder base. The company's listing on the Australian Securities Exchange in September 2004 marked its entry into the public market, setting the stage for its subsequent growth and consolidation.

As of March 26, 2025, institutional investors are the dominant force in Perseus Mining's ownership, holding a substantial 59% of the company's shares. This significant institutional backing suggests that the company's strategic decisions and governance are likely influenced by the preferences of these major holders. The top institutional investors include Van Eck Associates Corporation with 7.66% as of March 23, 2025, and State Street Global Advisors, Inc. holding 7.51% as of July 2, 2025. The Vanguard Group, Inc. possesses 5.08% as of July 31, 2024, and BlackRock, Inc. holds 5.02% as of April 23, 2025. Further down the list of significant institutional holders are The Canadian Depository for Securities Limited (3.08%), American Century Investment Management Inc. (2.86%), and Macquarie Capital Investment Management LLC (2.44%). Collectively, the top 19 shareholders control 50% of the company's equity, underscoring the concentrated nature of its ownership among key financial entities.

Understanding Perseus Mining's Shareholder Landscape

Perseus Mining's ownership is heavily weighted towards institutional investors, indicating a strong presence of large financial entities. Understanding these major shareholders is crucial for grasping the company's governance and strategic direction.

• Institutional investors hold 59% of Perseus Mining shares as of March 2025.
• Key institutional shareholders include Van Eck Associates Corporation and State Street Global Advisors.
• The top 19 shareholders collectively own 50% of the company.
• Strategic acquisitions have played a role in shaping the company's ownership structure.
• For insights into the company's guiding principles, explore the Mission, Vision & Core Values of Perseus Mining.

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As of July 2025, Perseus Mining's board of directors is comprised of experienced individuals guiding the company's strategic direction. The board includes Jeffrey Allan Quartermaine, serving as both Chairman and Chief Executive Officer.

Institutional investors are significant stakeholders in Perseus Mining, holding approximately 59% of the company's shares as of March 26, 2025. This substantial institutional ownership suggests that the board's decisions are often influenced by the interests of these major shareholders. Insiders hold a minimal stake, less than 1%, though recent insider buying has been observed. The current structure does not indicate any specific arrangements like dual-class shares or founder shares that would disproportionately concentrate voting power, implying a more distributed influence among large institutional holders. For a deeper understanding of the company's journey, you can explore the Brief History of Perseus Mining.

Perseus Mining Ownership Overview

Institutional investors are the dominant force in Perseus Mining's ownership structure. This concentration of ownership by large funds and entities shapes the company's governance and strategic priorities.

• Institutional investors own 59% of Perseus Mining shares as of March 2025.
• Insider ownership is less than 1%.
• The board composition includes both executive and independent non-executive directors.
• The substantial institutional stake suggests a focus on shareholder value and alignment with major investors.

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Perseus Mining has been actively managing its capital and pursuing strategic growth over the last three to five years, with significant developments impacting its ownership trends. The company's commitment to shareholder value is evident in its capital management strategies.

The company's strategic expansion, exemplified by the acquisition of OreCorp Limited in April 2024, aims to bolster its gold production capabilities well into the next decade, with the Nyanzaga Gold Project in Tanzania targeted for first production in Q1 2027. This move is a key part of Perseus Mining's strategy to grow its asset base. In terms of leadership, Jeff Quartermaine continues as Chairman and Chief Executive Officer, though there was a report in August 2025 of Craig Jones potentially stepping into the CEO role, suggesting a possible ongoing leadership transition.

Capital Management and Shareholder Returns

Perseus Mining initiated a substantial A$100 million share buy-back program in August 2024. As of late July 2025, the company had repurchased over 22.9 million shares, demonstrating a commitment to enhancing shareholder value.

Strategic Acquisitions and Growth

The acquisition of OreCorp Limited in April 2024 significantly expanded Perseus Mining's portfolio, notably adding the Nyanzaga Gold Project. This acquisition is central to the company's long-term production strategy.

Ownership Trends and Institutional Influence

Institutional investors hold a significant majority, 59%, of Perseus Mining as of March 2025. This high level of institutional ownership can influence stock price movements based on their trading decisions. Understanding the Competitors Landscape of Perseus Mining provides context for these ownership dynamics.

Operational Performance and Outlook

Perseus Mining is focused on maintaining its position as a low-cost African gold producer, achieving strong margins. The company's reduced hedged exposure indicates confidence in the future gold market.

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