West African focused gold producer which is operating 2 mines currently and will be brought on a third coming online soon, since the acquisition of Exore's asset in Cote D'Ivoire. Their Quarterly Results came out recently and despite showing some good numbers the market hasn't reacted as positively as expected. Quartermaine suggests that it could be down to some uncertainty about local elections in West Africa. He has presided over a change in fortunes in the company since its early explorer days, which he refers to as the 'accidental miner'. The key challenge as he saw it was removing the single asset and single country risk associated with the company along with a few legacy issues. We discuss at the length the future growth plans, cashflow, dividends, M&A targets and exploration strategy. 

They have a cautious and methodical approach which is comforting. They are not getting carried away with the current gold price and price their activities to be able to operate in a $1,350 cash environment. Costs are being cut. Cash is being spent sensibly. Very attractive gold producer.

Company Page: https://perseusmining.com/

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