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Gold

Gold Producer Perseus Takes Stake in BlackRock-backed, Guinea-Focused Miner


Australian gold producer Perseus Mining Ltd. continued its acquisition push by becoming the largest shareholder in a BlackRock Inc.-backed firm that’s developing a project in Guinea.

Perseus has acquired a stake of almost 14% in Predictive Discovery Ltd. in several transactions since April that total about A$68 million ($45 million), the Perth-based company said Wednesday. It said it has no current intention to gain control or make a takeover offer for Predictive.



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