Big Picture – A Deep Dive Examination of Perseus Mining Ltd
Perseus Mining Ltd Snapshot
Perseus Mining Limited (ASX/TSX code: PRU) has forged a reputation as a strong, diversified West African-focused gold production, development and exploration company.
- Ghana is the second largest gold producer in Africa and a top 10 gold producer globally
- Set amongst one of the world’s most prolific regions in terms of gold discoveries and production growth over the past decade
- Approximately 20 new gold mines opened in West Africa from 2005 to 2012, highlighting its status as a gold-producing region
- Peers in Ghana include Newmont Mining Corporation, Golden Star Resources, Red Back Mining, Keegan Resources and Endeavour Mining.
- One of Africa’s best developed nations, with outstanding infrastructure in comparison to other developing economies
- Holds West Africa’s largest share of greenstone belts prospective for gold
- Peers in Côte d'Ivoire include Newcrest Mining and Randgold
- Discoveries in northern Côte d'Ivoire have been significant in regards to the ease of discovery, size, grade and mine profitability.
Last updated 16th July 2018
Mr. Sean Harvey is Perseus Mining's non-executive Chairman and a former non-executive Director of Perseus (from September 2009 to March 2017).
Mr. Harvey has extensive experience in investment banking as well as executive management experience in the resources sector and brings valuable experience to assist the company as it seeks to broaden global market awareness of its growth as a West African gold producer. Mr. Harvey holds an Honours BA degree in Economics and Geography and an MA in Economics, both from Carleton University, an LLB from the University of Western Ontario and an MBA from the University of Toronto and he is a member of the Law Society of Upper Canada.
Mr. Harvey also serves as Non-Executive Chairman of Victoria Gold Corporation and as a Non-Executive Director of Sarama Resources Limited, Serabi Gold plc and Abacus Mining and Exploration Corporation.
Managing Director and CEO
Jeff Quartermaine has more than 25 years' experience in senior financial and strategic management roles with ASX and TSX-listed resources companies. He is a Certified Practising Accountant (CPA) who holds both business management (MBA) and engineering qualifications (BE).
As Perseus' Chief Financial Officer from 2010 to 2013, Mr Quartermaine was a significant contributor to the team advancing Perseus’s Edikan Gold Project in Ghana to production, and preparing the Sissingué Gold Project, Cote d’Ivoire, for a development decision. He was appointed Managing Director in January 2013.
Colin Carson has been involved as a director of numerous Australian public companies since the 1980s. Mr Carson oversees joint venture negotiations and corporate and legal matters for Perseus. He has extensive knowledge of taxation and mining laws in West Africa.
Ms Sally-Anne Layman was appointed to the role of non-executive director of Perseus in September 2017. Sally-Anne, who holds both a Bachelor of Commerce (Accounting) and a Bachelor of Engineering in Mining (Hons) is also Chairperson of Perseus' Audit and Risk Committee and a member of its Remuneration Committee.
Sally-Anne is a non-executive Director and Chairman of the Audit and Risk Committee for listed mining technology company, Imdex Limited, and a non-executive Director of West Australian-focused gold miner, Gascoyne Resources Limited. Before retiring from executive roles in 2016, Sally-Anne spent 15 years working for the leading Australian investment bank Macquarie Limited, with her most recent role being Division Director and Joint Head of the Perth office for the Metals, Mining and Agriculture Division.
John McGloin is the former Chairman and CEO of Amara Mining and joined Perseus in April 2016, following the scheme of arrangement between Amara Mining and its shareholders becoming effective.
A geologist and graduate of Camborne School of Mines, Mr McGloin worked in the mining industry in Africa before moving into consultancy. He joined Arbuthnot Banking Group following four years as a mining analyst at Evolution Securities. He is the former Head of Mining at Collins Stewart.
Over the years, he has acted for many mining companies including African Platinum, Randgold Resources, Avocet Mining, European Goldfields and Titanium Resources Group.
General Counsel & Company Secretary
Martijn Bosboom was appointed Perseus’ General Counsel and Company Secretary in 2013. Mr Bosboom holds a Bachelor of Laws from the University of Western Australia and a Master of Laws from the University of Leiden, the Netherlands. He also holds the Graduate Diploma of Applied Corporate Governance issued by, and is a Fellow of, the Governance Institute of Australia.
Mr Bosboom has more than 20 years’ experience as a corporate commercial lawyer across various industries and jurisdictions.
Last updated 16th July 2018