Perth, Aug. 01, 2025 (GLOBE NEWSWIRE) -- perseus mining MANAGING DIRECTOR announces retirement; new MD & CEO appointed SUMMARY Jeff...
Why it matters
- Jeff Quartermaine's retirement marks a pivotal change in Perseus Mining's leadership, potentially impacting company strategy and operations.
- The appointment of a new CEO and Managing Director could introduce fresh perspectives and initiatives as the company continues to expand its mining operations in West Africa.
- Investors and stakeholders will be closely watching how this transition influences Perseus Mining's market performance and future growth prospects.
In a significant change within its leadership team, Perseus Mining has announced the retirement of longtime Managing Director and CEO, Jeff Quartermaine. His departure, effective immediately, signals a new chapter for the company as it embarks on its next phase of growth and development.
Quartermaine, who has been at the helm of Perseus Mining for over a decade, played a crucial role in steering the company through various phases, including its expansion into West Africa and the successful production at its flagship Edikan Gold Mine in Ghana. Under his guidance, Perseus has achieved considerable milestones, including the development of the Sissingué and Yaouré gold mines, which have significantly enhanced the company's production profile.
In light of Quartermaine's retirement, Perseus Mining has appointed a new Managing Director and Chief Executive Officer, who will take over the reins of the company. This leadership shift is expected to bring a fresh approach to the company’s strategy, as it continues to navigate the complexities of the mining sector while striving to enhance shareholder value.
The newly appointed MD and CEO brings with them a wealth of experience in the mining industry, with a proven track record of leading successful operations and driving strategic initiatives. The board of directors expressed confidence in the new leader's capacity to guide Perseus Mining through its upcoming projects and challenges, particularly in a dynamic and often volatile market environment.
Perseus Mining's growth strategy has been focused on expanding its operations in West Africa, a region known for its rich mineral deposits. The company has made significant investments in exploration and development to unlock the potential of its existing assets while seeking new opportunities in the area. The transition in leadership comes at a time when the global demand for gold remains strong, driven by economic uncertainties and geopolitical tensions.
With Quartermaine’s departure, the company’s stakeholders are keenly observing how the new CEO will navigate the challenges ahead. Investors are particularly interested in how the new leadership will address operational efficiencies, cost management, and the exploration of new projects that can contribute to sustainable growth.
In his farewell statement, Quartermaine reflected on the achievements of Perseus Mining during his tenure, highlighting the company’s resilience and adaptability in the face of market fluctuations. He expressed gratitude to the team and stakeholders who supported the company’s vision and efforts to create a sustainable mining operation that benefits both shareholders and the communities in which it operates.
Looking ahead, Perseus Mining is poised to continue its commitment to responsible mining practices while striving to enhance its operational performance. The new CEO is expected to further this mission, focusing on building strong relationships with local communities and stakeholders, ensuring that the company’s activities align with social responsibility and environmental stewardship.
As the mining industry continues to evolve, Perseus Mining's leadership change is indicative of broader trends within the sector, where agility and innovation are paramount. The ability to adapt to changing market conditions and implement forward-thinking strategies will be crucial for the company's continued success.
In conclusion, the transition in leadership at Perseus Mining marks a significant moment for the company and its future trajectory. With new leadership comes the potential for renewed energy and innovative strategies that could reshape the company’s operations and market presence in the years to come.
