Perenti Global (ASX:PRN) bags $80m cash for asset sales

Company News

by Michael Luu

The sales of Perenti Global (ASX:PRN)’s mining assets in Mali and Burkina Faso have generated $80 million in cash for the mining company.

The receipt for the sales of Yanfolila and Boungou’s in-country plants, property and equipment (PPE) will enable the business to redeploy capital into its “most value-accretive opportunities”.

Shares in Perenti Global (ASX:PRN) are trading 2.25 per cent higher at $1.14.