https://newsletter.mw.creamermedia.com
Africa|Financial|Gold|Mining|PROJECT|Resources
Africa|Financial|Gold|Mining|PROJECT|Resources
africa|financial|gold|mining|project|resources

Perseus adds mine investment veteran Rutherford to board as nonexecutive director

Edikan mine, in Ghana

Edikan mine, in Ghana

18th June 2025

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

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.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (13/06/2025)
13th June 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.243 0.316s - 127pq - 2rq
Subscribe Now