0053 GMT - Keep an eye on M&A opportunities for gold producer Perseus Mining and its efforts to raise returns, including through buying back stock, UBS says. Perseus had liquidity of US$1.25 billion at end-June. That means the company is well placed to fund a development pipeline led by the CMA underground mining operation at Yaouré in Ivory Coast and the Nyanzaga project in Tanzania, analyst Levi Spry says. Perseus is part way through a program to buy back shares worth up to A$100 million. The buyback is currently 73% complete. Perseus is down 4.7% at A$3.315 today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 28, 2025 20:53 ET (00:53 GMT)
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