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Perseus Mining's Profit Drops 8% Amid Failed Acquisition

2/21/2026

Summary

Story summary

Perseus Mining reported an 8% decline in first-half net profit due to a foreign-exchange loss, despite higher gold prices improving cash margins.
Perseus said it is focusing on growth options after its December proposal to acquire Predictive Discovery for US$1.3 billion failed.
The company has no current plans to sell its stake in Predictive Discovery.
The December bid was surpassed by a merger between Predictive Discovery and Canada’s Robex Resources.

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Story summary

Perseus Mining reported an 8% decline in first-half net profit due to a foreign-exchange loss, despite higher gold prices improving cash margins.
Perseus said it is focusing on growth options after its December proposal to acquire Predictive Discovery for US$1.3 billion failed.
The company has no current plans to sell its stake in Predictive Discovery.
The December bid was surpassed by a merger between Predictive Discovery and Canada’s Robex Resources.