Perseus adds mine investment veteran Rutherford to board as nonexecutive director
Africa-focused gold miner Perseus Mining has appointed James Rutherford to the board as a nonexecutive independent director, with immediate effect.
He brings to the board 25 years of experience in investment management and banking in the global mining sector.
Rutherford’s work history includes a senior VP position at US-based investment firm Capital Group, where he was responsible for various international mining and metals investments.
Prior to that he was VP at HSBC James Capel, in New York, responsible for covering the Latin American mining industry.
He held various director and nonexecutive director positions between 2013 and 2020, including at Anglo American, Centamin, GT Gold and Dalradian Resources.
Rutherford is currently a director at Manara Minerals Investment, which is a joint venture company between Saudi Arabian Mining Company and Saudi Arabia’s Public Investment Fund, as well as a nonexecutive director at Ecora Resources and Minera Cobre de Colombia, respectively.
Perseus nonexecutive chairperson Rick Menell welcomes Rutherford to the board at a pivotal time for the company’s growth strategy, with his extensive experience in the resources sector and financial markets poised to assist realise this strategy and create long-term value for stakeholders.
Perseus is considering the appointment of an additional director with specific geological expertise to further strengthen its capability.
The company has set a production target of between 515 000 oz/y and 535 000 oz/y of gold between the 2026 and 2030 financial years, for a total output of at least 2.6-million ounces over the five-year period.
Perseus owns the Yaouré mine, in Côte d'Ivoire; the Edikan mine, in Ghana; the Sissingué mine, in Mali; and the Nyanzaga mine, in Tanzania.
The development of another project, Meyas Sand, in Sudan, has been deferred so the company can focus on developing the $523-million Nyanzaga mine towards first production in 2027.
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