Articles On Perseus Mining (ASX:PRU)

A good week for gold, which is up 1.04% to ~$US1,940/oz at time of writing. History shows us war doesn’t usually trigger an extended rally, but news flow – or lack thereof – coming out of Ukraine continues to be the biggest influence on the...

“Overall, we think the deal makes sense from risk-reward and PRU is accustomed to constructing new mines in West Africa. Exposure to West Africa, outside Ghana in particular, may not be for all investors and our Buy rating on PRU accordingl...

Highlights The ASX 200 closed 0.7% higher to 7,096.50. Tech shares dominated the session, and the sector was the day’s best performer, up 5.7%. Asian markets were off to a good start, as investors closely eye the geopolitical situatio...

Australian stocks rose for a third session after the Reserve Bank renewed its pledge to be patient on rates, citing the war in Ukraine as “a major new source of uncertainty”. The S&P/ASX 200 rallied into the 2.30 pm RBA announcement...

Australian stocks rose for a third day as buyers continued to discount the threat of significant economic fallout from the Russia-Ukraine crisis. The S&P/ASX 200 rallied 86 points or 1.22 per cent, supported by tentatively positive U...

Highlights The benchmark ASX 200 surged 1.1% to 79.3 points in the first 15 minutes of trading. The Russian ruble hit an all-time low on Monday with Russia hit by a bombardment of Western sanctions. The IT sector is buzzing with a 4.4...

World Overnight SPI Overnight 7044.00 + 21.00 0.30% S&P ASX 200 7049.10 + 51.30 0.73% S&P500 4373.94 – 10.71 – 0.24% Nasdaq Comp 13751.40 + 56.78 0.41% DJIA 33892.60 – 166.15 – 0.49% S&P500 VIX 30.15 + 2.56 9.28%...

Risk-off moves on global financial markets curbed a second day of share-market gains as investors fretted about the economic fallout from the Russia-Ukraine crisis. The S&P/ASX 200 climbed 51 points or 0.73 per cent. The last maj...

West African gold miner Perseus Mining will expand its interests in the north-east of the continent after striking a $C215 million ($234.2m) scrip takeover deal for Sudan-focused Canadian explorer Orca Gold.

One of the ASX’s top performing gold miners in recent times, Perseus (ASX:PRU) has leveraged its successful operations in West Africa to push back against market malaise and cost pressures. Shortly after announcing a 159% rise in net profit...

Australian stocks rose for a second session, hampered by a slump in US futures after the West turned the screws on Russia’s economy. The S&P /ASX 200 climbed 36 points or 0.52 per cent by mid-session. Oil producers, grain companie...

"When the transaction is completed, Perseus will have three operating mines currently producing gold at around 500,000 ounces per year and a high-quality development project, that if brought on stream, should ensure that Perseus can maintai...

28 Feb 2022 - A snapshot of the stocks on the move featuring InvoCare (ASX:IVC), Perseus Mining (ASX:PRU) & Zip Co (ASX:Z1P).

Highlights In one of its worst showings of the year, the ASX 200 dropped below 7,000 as the Ukraine crisis sent the index down 3%, or 215.1 points to 6990.6. Investors seem to be rushing from risk assets to the safety of government bon...

Mako Gold (MKG) hits further gold mineralisation at the Napié Project in Côte d’Ivoire ahead of maiden mineral resource estimate An extensional drilling program is underway across the Gogbala prospect with the latest results returning five...

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It’s a disastrous day for plenty of ASX shares, with both major indexes tumbling more than 2%. But not all stocks are suffering – the Perseus Mining Limited (ASX: PRU) share price has surged a whopping 13.21% to trade at $1.80. That’s des...

Highlights The ASX 200 tumbled around 1.54% to 7,088 in the first 15 minutes of trade. The US market was also taking heat from rising geo-political tensions and ended at the lowest level for the year. Crude oil prices continued to ral...

Perseus Mining has more than doubled its first-half profit to $126.9 million and trumpeted that it is now producing gold at an annual rate of 500,000oz.

Perseus Mining (PRU) improves results across its key metrics as it targets annual gold production of 500,000 ounces During the half, the company produced about 241,000 ounces of gold at an all-in site cost of US$949 per ounce (A$1313) and...

Australian shares climbed off a two-week low as investors discounted the likely economic hit from the Russia-Ukraine crisis. The S&P/ASX 200 bounced 28 points or 0.39 per cent. The Australian benchmark fell 1 per cent yesterday after...

“With three gold mines in operation, we are now producing gold at our targeted rate of approximately 500,000 ounces of gold per year, and with excellent drill results coming from our organic growth programs we are confident of at least main...

Local shares swung into positive territory following news that French President Macron had brokered a last ditch deal for Putin and Biden to meet on the Ukraine issue. At around 12.15pm AEDT, French media reported that Putin and Biden will...

The company's three operating gold mines, Yaouré and Sissingué in Côte d’Ivoire, and Edikan in Ghana have combined to produce a total of 128,378 ounces of gold in the December 2021 quarter.

Highlights  Gold prices soared up to new highs today and rallied back mainly on the Russia Ukraine tensions. The shooting demand is not just for gold but also for gold stocks. 3 gold stocks on the ASX which have closed higher this wee...

Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan. That’s why the precious metal appears to perform well in times of war or political instability. Conversely, stocks and bonds perform best in a sta...

Local shares fought back in afternoon trading to close by just 0.7% lower, after being down by 1% in morning session. For the week, the ASX 200 was up 0.35%. Investor sentiment was negative throughout the day, amid fears the Russian invasio...

Aussie stocks eked out a third straight weekly advance despite falling this afternoon as simmering tensions on the Russia-Ukraine border curbed risk appetite. The S&P/ASX 200 fell 74.5 points or 1.02 per cent. Rallies in gold mine...

The share market gave up much of its gains for the week after rising tensions between Ukraine and Russia dragged Wall Street lower. The S&P/ASX 200 fell 48 points or 0.66 per cent to 7248. The decline slashed the benchmark’s tally fo...

Highlights The benchmark ASX 200 fell 0.89% to 7,227.9 in the first 15 minutes of trading. Gold prices jumped over 1.5% to the highest level since June 2021. Ten out of the 11 sectors were facing selling pressure in today’s session....

Local shares moved higher today. Investors took to safety, betting on gold producers on concerns that Russia may invade Ukraine this week. Aussie gold stocks buoyed the ASX 200, which closed 0.28% higher, defying Wall Street as well as othe...

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...