Articles On Perseus Mining (ASX:PRU)

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...

The S&P/ASX 200 Index (ASX: XJO) has had a rather volatile week or so over the past 5 trading days. Since last Wednesday, the ASX 200 has gone backwards by around 0.3%. That’s despite the healthy 1.38% bump the index is enjoying so far...

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

Highlights The ASX 200 declined 0.4% by mid-session on Friday. Barring healthcare, industrials and tech, all sectors were flashing in the red. PointsBet Holdings was the top loser, while Reece gained the most. Crown Resorts and ResMe...

Although the group’s production metrics underwhelmed in the September quarter, all-in sustaining costs (AISC) were a bright spot on the balance sheet.

Perseus Mining capped another strong quarter with a new record for gold production at Yaouré, producing 64,558 ounces of gold at an AISC of US$671 per ounce which generated a notional cashflow of US$65.8 million.

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

The +9Moz, ~350,000ozpa ‘Kyuchus’ field will be one of Russia’s biggest gold mining projects. Kyuchus was first discovered in 1963, but its isolation in the harsh Arctic climate of the Yakutia region has, so far, stymied numerous developmen...

Highlights As we edge close to the weekend, sinusoidal trends continue across global share markets. Investors now know US consumer prices stance, Aussie jobless rate, and China’s PPI. Today, ASX 200 traded in green for the first time...

The benchmark ASX 200 index rebounded by 0.54% today, after a better than expected jobs data released by the ABS. The Australian unemployment rate inched higher to 4.6% in September from 4.5% in August, but was still lower than the economis...

Highlights Shares of South32 surged over 11% on a plan to acquire a stake in the Chilean copper project. Redbubble shares plunged over 16% on disappointing September quarter earnings. CSL shares surged on confirmation to manufacture A...

The S&P/ASX 300 Index (ASX: XKO) is rebounding in positive territory on Thursday, after losing ground from yesterday’s weak performance. At the time of writing, the ASX 300 is up 1.06% to 7,355.3 points. This means that the index is ho...

Highlights The ASX 200 gained as much as 0.9% by the mid-session trade on Wednesday. Nine of the 11 sectoral indices traded in green, led by tech and materials. Netwealth, A2 Milk, Perseus Mining, HUB24 and Wisetech Global topped the...

Positive exploration results at Yaouré in Côte d’Ivoire come one day after similarly positive results at the Edikan Gold Project in Ghana.

Perseus Mining (PRU) reports some exploration results from its Nkosuo prospect, located within the Edikan gold mine in Ghana The latest results show strong potential for a shallow, granite hosted open-pitable gold resource Perseus is curre...

The gold miner and explorer is ramping up to produce 500,000 ounces of gold per annum at its three West African operations.

Local markets are still struggling to find an upward catalyst, as the ASX 200 followed Wall Street lower in Tuesday trade. Tech stocks again led falls at the big end of town, as the ASX 200 Information Technology index dipped by 1.46%. High...

The S&P/ASX 300 Index (ASX: XKO) is sliding again today, adding to yesterday’s 0.27% loss. During afternoon trade, the ASX 300 is down a further 0.33% to 7,278.9 points. This means that the index has dropped around 3.5% since the start...

Investors want to see gold miners wisely grow their production profile. Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth. The big gold miners have a “lousy recent his...

The ASX 200 followed Wall Street lower in Tuesday trade, in line with what looks like the emergence of a broader global trend; buy oil and gold, sell tech. The ASX 200 Energy index is up by around 18% since September 20, and oil & gas s...

Garimpeiro mentioned back on July 25 that he had grown a bit bored with the local gold exploration scene and that he was off to the wilds of West Africa in search of action. He came up with a couple of West African gold specialists to keep...

There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in. Safe havens like gol...

Today, the S&P/ASX 200 Index (ASX: XJO) suffered another fall following in the footsteps of US markets overnight. The benchmark index tumbled 1.08% to 7,196.7 points. Some of the hardest hit shares on the Aussie market were from the e...

The ASX 200 has recouped some of its lunch time losses and closed the day lower by just 1.08%, after falling by 1.7% at the half way mark of the session.. The local bourse followed moves in US and European equities overnight, as a broad-bas...

Highlights The ASX 200 was up 0.25% or 18.7 points to 7,361.3 at the open. Seven out of the 11 sectors were trading higher with the Metals and Mining sector leading with a 0.3% gain Limeade, Inc received a notice of contract terminati...

Highlights The ASX 200 index fell 27.6 points as gold miners led the market losses and fears around the ability of Evergrande to pay its debts persist. Asian markets finished mixed as of the most recent closing prices while the S&P...

Here we are, finally at the end of a long week that promised to descend into carnage at the big end of town — before petering out to a scratch. The potential collapse of Evergrande and a flailing iron ore price had several business news wri...

The ASX 200 finished the week on a low note, falling by 0.41% for the day and down 0.68% for the week. Prior to today, the local bourse was on a three-day winning streak, following the big 2.1% crash on Monday. Energy was the best performin...

The valuations of major gold miners remain weak despite falling debt and record dividends, according to the latest Metals Focus Gold Peer Group Analysis. Australia’s largest gold miners Newcrest (ASX:NCM), Northern Star (ASX:NST), and Evolu...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) looks set to end the week on a disappointing note. At the time of writing, the benchmark index is down 0.4% to 7,341.4 points. Four ASX shares that are falling more than most today a...

Highlights Australian benchmark index, the ASX 200, declined as much as 0.4% by mid-session on Friday. Eight of the 11 sectors were trading in red, while energy sectors emerged as the top performer. Centuria Industrial REIT, Cochlear,...

The ASX 200 lost 0.92% today, taking the benchmark index lower by 0.20% for the week. The local market was trading in the red since the opening bell, with miners hit especially hard. The Mining sector was the worst performer today, falling...

It’s been a frustrating few months for gold bulls. As an investment hedge, gold shines during periods of poor or volatile market sentiment. It loves drama like pandemics, civil wars, or the unprecedented failure of the Lehman Brothers in 20...

The Chalice Mining Ltd (ASX: CHN) share price is plummeting today despite no news having been released by the company. Though, the company’s share price might be suffering alongside the price of gold. If that’s the case, Chalice isn’t alon...

The ASX 200 index traded in the red since the opening bell, but pared losses towards the close and ended just 0.27% lower. The loss followed action on Wall Street overnight, as US investors digested weaker than expected US CPI data. The ene...

Today, the S&P/ASX 200 Index (ASX: XJO) slipped lower on weakness in energy and mining shares. The benchmark index moved 0.27% lower to 7,417 points. While it wasn’t quite the day for some sectors, healthcare, tech, and real estate pe...

Gold continues to consolidate around $US1,800/oz which, if we went back in time to July 2020, would be cause for celebration. Back then $US1,800/oz was an eight-year high and bullish sentiment was nudging even the shittiest exploration stoc...

West Africa explorer Mako Gold (ASX: MKG) has reported that the Gogbala prospect at its 296 sq km flagship Napie project is shaping up as a lookalike for the already successful Tchaga prospect. Latest results from Cote d’Ivoire indicate tha...

Good blokes that lot over at BHP (ASX:BHP), who say they have kindly pumped $34.1 billion into the Australian economy this year. Of course $12.4 billion  of that came in the form of taxes and royalties they have to pay as a function of thei...

The ASX 200 finished lower today by 0.36% after recovering from a 0.72% fall at the open. The iron ore spot price rebounded overnight by almost 5%, but iron ore plays did not respond to the move today, with major players like Fortescue (ASX...

Highlights By lunchtime, the ASX 200 was trading 0.44% or 32.8 points down at 7,497.5. Gold miners and energy shares are taking a beating as commodity prices fell overnight. Centuria Capital Group has acquired a Port Adelaide office b...

Highlights The ASX 200 opened the day 90 points or 0.13% lower at 7,520.40 after Wall Street ended mixed overnight. Domestic investors are keeping a close eye on labour data, which is scheduled to be released today. On Wall Street, th...

Copper explorer Caravel Minerals (ASX: CVV) has announced new executive and advisory appointments to help move its namesake copper project through feasibility studies and prepare for the transition into an operating mine. The company has ap...

Perseus completed the construction and commissioning of its third gold mine, Yaouré, in FY2021 while maintaining steady operating performance at its two other gold mines, Sissingué and Edikan.

BHP (ASX:BHP) lost nearly 7% after trading ex-dividend today, and has wiped all of its 2021 gains and more. The BHP stock price was also under pressure after spot iron ore price fell by almost 6% overnight. Meanwhile, it’s been a reporting...

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Gold bugs would be breathing a sigh of relief this week as the price stabilises just shy of $US1,800/oz ($2,463/oz Aussie) thanks to Monday’s healthy 1.5% gain. While there are plenty of other red hot sectors attracting investor dollars rig...

There were record profits posted for a couple of mid-tier gold miners on Thursday in what was a largely negative trading day for the majors. Africa gold miner Perseus Mining (ASX:PRU) saw a 48% rise in NPAT to $139.4 million in FY2021 and 1...