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Company Information

Company at a Glance

Industry:
Metals & Mining
Fiscal Year-End:
Jun 10

Company Overview

Perseus Mining Limited (PRU) is an exploration company searching primarily for gold, with tenements mainly in West Africa and Central Asia. Key projects are located in the Ashanti Belt of Ghana, Morila-Tongan in Mali and Cote d'Ivoire, and in the Kyrgyz Republic section of the Tien Shan gold belt. Exploration companies aim to discover and delineate occurrences of metals and minerals that can be economically mined and extracted.

Company History

The company listed on the 22 September, 2004.

Industries Of Operation

PRU operates in the Materials sector, specialising in exploring for gold. The company concentrates its operations within Australia. The process from initial exploration surveys to the definition of an orebody through drilling takes a number of years.

Differentiating Factor

Perseus is a gold explorer focusing in West Africa and the Kyrgyz Republic. The regions most concentrated on by PRU are: Ghana (Ashanti gold belt in Ghana has for more than a decade been one of the world's most prolific in terms of gold discoveries and production growth), Morita and Tien Shan (contains many World Class deposits including the world's largest open pitable gold deposit, the over 120 million ounce Muruntau gold mine).

Major Customers & Competitors

PRU's major customers would include the retail, wholesale and international markets. Its competitors consist of other gold mining companies such as Midas Resources (MDS). The mining industry is a global industry, which is highly competitive.

Research provided by  

Market Statistics

Market Cap ($M):
877.1
Equiv. Shares (M):
419.0
% All Ords:
0.07
12Mth Range ($):
0.73 - 2.48
Turnover ($M pa):
529.1
Index:
S&P/ASX 200
Sector:
Materials
Industry Group:
Materials
Industry:
Metals & Mining
Sub Industry:
Gold

Last 5 Market Sensitive Announcements

Date
Announcment
30-Jul-10 18:13
June 2010 Quarterly Cash Flow Report
30-Jul-10 18:11
June 2010 Quarterly Activity Report
19-Jul-10 15:06
Mineral Resource Upgrade Tengrela Gold Project
21-Jun-10 10:47
Central Ashanti Gold Project Update
10-Jun-10 10:50
`Green Light` Given To Central Ashanti Gold Project

Calendar Of Events

Date
Event
10-Jun-09
EGM Date for Special Event
28-Nov-08
AGM Date for Final Year Result
30-Sep-08
Reporting Date for Final Year Result
16-Jun-08
EGM Date for Special Event
29-Nov-07
AGM Date for Final Year Result

Directors

Name
Position
R Gillard
Chairman
C Carson
Director
R Brans
Executive Director
N Fearis
Director
M Andrew
Managing Director
T Harvey
Non Exec. Director

Management

Name
Position

There are no recorded management positions for this company.

Substantial Shareholders

Name
% Holding
Macquarie Group Limited
14.6
Acorn Capital Limited
6.9
Dundee Corporation
6.8

Consensus Recommendation Summary


0
0
1
3
1
Sell Under Perf. Hold Out Perf. Buy

Number of Brokers in Recommendation Summary: 5

Consensus Earnings

FY10 FY11
Consensus EPS1 (c) -5.2 -2.9
EPS Growth (%)   -44.2
P/E Ratio (x) -40.2 -72.1
P/E Rel. All Ords (x) -3.59 n/a
P/E Rel. Sector (x) n/a n/a
Number of Brokers in Earnings Survey: 3 2

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Historical Forecast Earnings And Recommendations

Consensus Recommendations

Consensus information provided by Reuters.

Consensus EPS Forecasts 1

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Peer Recommendation Comparison

  P/E (x) EPS Chg (%) Dividend Yield (%) MktCap ($M) Price ($) Consensus Rec
  09A 09A 09A    
BHP Billiton Limited 14.1 (13.5) 3.2 134,646.0 40.12 Out Perf.
Rio Tinto 18.8 (56.1) 0.7 42,848.4 70.61 Out Perf.
Newcrest Mining 29.6 (9.5) 0.5 15,815.3 32.71 Out Perf.
Fortescue Metals 76.1 n/a 0.0 13,330.6 4.29 Out Perf.
Perseus Mining Ltd (28.9) (25.6) 0.0 877.1 2.09 Out Perf.

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