CAPITAL MARKETS

Perseus battling, Gillard exiting

PERSEUS Mining chairman Reg Gillard is retiring after more than 13 years of service with the West African gold miner, with the retirement announced at the same time the company reported a loss of $A25.6 million loss for the half year ending December 31.

Michael Quinn
Perseus battling, Gillard exiting

Much of the loss related to a $US20 million legal settlement with a contractor that was paid in December, with Perseus inheriting the problem when it acquired Amara Mining last year. The result was down...

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