• Perseus Mining Flags Higher Ore Reserve at Tanzania Mine; Shares Jump 5%

    Source: Buzz FX / 19 Feb 2026 15:59:23   America/Los_Angeles

    Perseus Mining (ASX:PRU) reported an increased ore reserve of 4 million ounces at its Tanzania-based Nyanzaga Gold Project, a 73% rise from its prior feasibility study in April 2025, according to a Friday filing with the Australian bourse.

    Accordingly, the project's mine life has been extended to 16 years, including 14 years of production of more than 200,000 ounces per year.

    Shares rose around 5% in recent trading.

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