Articles On Perseus Mining (ASX:PRU)

Miners and Financials lifted local shares today, as the ASX 200 defied Wall Street’s falls overnight to climb 1.07%. In mining, large gold stocks like AngloGold Ashanti (ASX:AGG) bounced back from yesterday’s falls, while iron ore majors li...

31 Jan 2022 - Perseus Mining (ASX:PRU) has acquired a 15 per cent interest in African gold developer Orca Gold from Resolute Mining for $19.6 million.

ASX to slip despite Wall Street rally The ASX is set to open lower today, despite a furious late rally on Friday that sent US stocks much higher. The S&P 500 and Dow Jones came back from morning losses to close 2.43% and 1.65% higher re...

Alas. After teasing gold bugs with a push through $1,840/oz over the past week, we are now back below ~$US1,800/oz. Gold stocks can’t seem to catch a break. What gives? I don’t get it. PM miners didn’t even get the windfall of the market w...

Combined gold sales from three operating gold mines totalled 130,486 ounces in the December 2021 quarter, 21% more than last quarter.

Rio Tinto’s (ASX:RIO) Turquoise Hill will wave goodbye to US$2.4 billion in loan repayments from the Mongolian Government in a make good to get the Oyu Tolgoi underground mine off the ground. The oft-delayed expansion of the giant copper an...

The ASX 200 still struggled for clear direction on Thursday, but a bit of risk appetite returned in afternoon trade that saw the index close in positive territory with a gain of 0.14%. The resources and materials indexes did all of the heav...

Gold miners went wild this morning as prices hit US$1842/oz overnight, the highest level in two months. The S&P ASX All Ordinaries Gold Index was up a massive 6% at on the open today as investors responded strongly to the 1.6% increase...

Key points The Evolution Mining share price is currently trading 9.97% higher at $4.19 The gold producer’s stock might be being driven by the gold price’s overnight rally At the end of Wednesday’s session, February gold futures was sittin...

Perseus Mining (PRU) says latest drill results from the Yaouré gold mine in Côte d’Ivoire confirm significant gold mineralisation and resource upgrade potential beneath the CMA open pit Infill and step-out drilling has been ongoing since l...

Perseus will use the results to upgrade the CMA Underground inferred mineral resource estimate to indicated status, enabling a PFS for an underground mining operation to be completed by late June 2022, including an initial ore reserve estim...

Resource definition drilling is ongoing and Perseus expects to complete a maiden mineral resource estimate for Nkosuo early in the June 2022 quarter.

After plunging more than 1% on Friday, the ASX 200 rallied in the final minutes of trading today to close 0.42% higher. Retailers were the winners, with the Discretionary sector up by 1.8%.  The Energy sector was also up more than 1% as oil...

Highlights The benchmark ASX 200 was trading 0.1% or 7.1 points higher at 7,404.2 in the first five minutes of opening trade. The Dow Jones ended lower on Friday with a big drag from financial stocks. The energy sector is shining with...

Global silver demand hit ~1.02 billion ounces in 2021, the first time it has breached 1 billion since 2015, according to the Silver Institute. Of that, industrial demand hit a new high of 524 million ounces. And of that, photovoltaic (solar...

Gold is holding steady above US$1,800/oz – currently trading at US$1816.60. Some players are confident the gold market will trend net positive next year as the market digests the reality of the past 24 months. But commodity analysts at J.P....

With gold spending most of the past week hovering around the US$1,800/oz (A$2,485/oz) mark, speculation has turned away from whether the precious metal can hold its gains to asking if it can test hit the US$1,850/oz mark. Gold is currently...

Mako Gold (MKG) accelerates its drill programs at the Napié project in Côte d’Ivoire with another drill rig starting up While one drill rig is undertaking reverse circulation drilling on the Gogbala prospect, the additional rig is completi...

ASX gold shares could be poised to rebound in the new year after a top broker upgraded its forecasts for the sector. The news could not come at a better time for gold bulls. ASX gold miners are exiting 2021 nursing losses even as the S&amp...

It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold. But on the flip side, new virus variants, fears of stagflation and...

Hopes that the new Omicron strain will have a less-pronounced impact on travel and consumer confidence have bolstered stocks this week. Scientists and vaccine makers are still assessing the severity of Omicron and how well existing vaccines...

Highlights The ASX 200 closed 1 per cent higher, up 68.8 points to 7313.9. The RBA kept rates on hold at 0.1% and brushed away concerns about the Omicron variant. Asian markets also performed strongly following their US peers and the...

Local stocks posted solid gains on Tuesday as risk appetite returned to markets, with the ASX 200 posting a gain of +1% for the first time since October 4. The two sectors that came under the most pressure during the recent market wobbles —...

The ASX 200 has clawed back lunch time losses to closed the day 0.13% higher. The local bourse followed Wall Street into the red at the open and through to the midway session, before rallying after lunch. Rotation from growth to cyclical wa...

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

Highlights The ASX 200 traded flat by mid-session, paring early gains. Six of the 11 sectors traded in red, while health care was the worst performer. ALS, Nickel Mines, QBE Insurance, Megaport, Premier Investments topped the gainers’...

Highlights Gold and silver rebounded amid fear of the new variant of coronavirus. Vaccine manufacturer, Moderna stated that the current vaccine has lower efficiency on the new variant of coronavirus. US Federal Reserve Chairman, Jerom...

Highlights Australian shares managed to close higher despite erasing most of its gains late in the session. Fears of the Omicron variant of the coronavirus have made their presence felt across global markets, though some opine its too...

After climbing more than 1% in morning trade, local large caps lost ground in the afternoon session as the ASX 200 finished up eking out a 0.22% gain. The big end of town was clearly outshone by the microcap Emerging Companies index, which...

Highlights The ASX 200 gained 1.2% by mid-session on Tuesday amid broad-based buying. Barring utilities, all sectors were flashing in the green. The market rally was driven by financial, tech, telecom and property stocks. On Wall Str...

Australian explorer Mako Gold (ASX: MKG) has secured a second drill rig to accelerate exploration at its Tchaga and Gogbala prospects within the flagship Napié project in Côte d’Ivoire. The prospects are located on a 23 kilometre soil geo...

Highlights The benchmark index, ASX 200, was up 0.6% or 43.5 points to 7,283.4 in early trade. Global stocks rallied, while safe-haven bonds lost ground on Monday. The market breadth has been quite healthy with nine out of the 11 sect...

In recent years attitudes towards African mining stocks have arguably changed as investors have become more risk averse and sensitive to both ESG and geopolitical risk. The words “Tier 1 jurisdiction” are becoming more prominent in the lexi...

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’. Gold is an ‘inflation hedge’; an investment that ostensibly...

Unfortunately, the S&P/ASX 200 Index (ASX: XJO) has not kicked off the trading week on a good note so far this Monday. At the time of writing, the ASX 200 is down by 0.43% at 7,364 points. But the news is a little worse for the Norther...

Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June. The Aussie price is looking even better, which is great news for our local producers: USD (dark) and AUD (light) gold p...

Inflation pressures have brought green shoots for gold miners, who have seen prices rise by around US$100/oz over the past fortnight. But for most of the year it’s been a tough run for ASX-listed gold producers, who have suffered negative s...

African gold miners have been among the ASX’s quiet achievers over the past year, and Tietto Minerals (ASX:TIE) is no exception. Tietto is not quite a miner yet, but does own the Abujar gold project in Cote d’Ivoire in West Africa. Proposed...

Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020. Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7...

In a recent chat with Stockhead’s Oriel Morrison, famous resources investor Rick Rule said Australian stocks were ripe targets for mounting merger and acquisition activity, especially in the gold space. Most have enjoyed strong margins and...

Mining stocks have defied a bearish market, seemingly riding debt-ridden Chinese property giant Evergrande’s near death experience into a sea of bright green. The company appeared to have entered a default overnight before miraculously find...

The ASX 200 finished lower by 0.37% today, extending its loss for the week to over 1%. Local stocks fell following broad-based selloff on Wall Street overnight triggered by the US inflation data, which rose at a pace not seen since the earl...

Highlights The ASX 200 was trading slightly higher, 0.03% up at 7,454.5. Wall Street stocks closed higher on Monday, as markets cheered the passage of a US infrastructure spending bill. Five out of the 11 sectors were trading in the g...

Highlights Australian shares retreated today. The ASX 200 dropped 0.1 per cent, or 4.7 points, to 7452.2. Travel stocks posted solid gains. Asian stock markets were mostly lower after Wall Street hit a new high. Bitcoin prices today s...

The ASX 200 futures were pointing higher at the open, but the index closed the day lower by 0.16% at 7,444. It was a mixed bag with three ASX sectors finishing in the green, while eight were in the red. The Energy sector was the clear winne...

Apollo Consolidated (ASX:AOP) shareholders hoping for a takeover battle between suitors Gold Road Resources (ASX:GOR) and Ramelius Resources (ASX:RMS) are set to be disappointed. The game of oneupmanship lasted just a couple rounds as Gold...

A global carbon taxation regime could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions, Metals Focus says. Some countries, such as Canada and Sweden, already impose carbon taxes and th...

Canaccord expects the company to maintain positive momentum into the December quarter with strong production and cost performance at the Yaoure mine.

West Africa explorer Mako Gold (ASX: MKG) reports it has resumed drilling at its flagship Napie project as it works toward declaring a maiden resource. The ongoing 35,000m reverse circulation and diamond drilling at the Tchaga and Gogbala p...