Financial services group Credit Suisse has maintained its outperform rating and A$0.72 a share price target on West African gold producer Perseus Mining following the company’s A$102-million equity raise.
The A$102-million raise at $0.50 a share, which comprised a $A61-million institutional placement and a A$41-million nonrenounceable entitlement offer, would be used to fast-track Perseus’s growth strategy including construction of its Sissingué project and definitive feasibility study (DFS) at its Yaouré project, both in Cote d’Ivoire.
