Articles On Perseus Mining (ASX:PRU)

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...

The Perseus Mining Ltd (ASX: PRU) share price is edging higher on Thursday after the Aussie miner reported a 48% surge in net profit for the year ended 30 June 2021 (FY21). Perseus share price lifts after first ever dividend Some of the bi...

Highlights Australian benchmark index, the ASX 200, declined 0.64% by lunch. The market witnessed broad-based sell-off as nine of 11 sectors trade in red. Technology firm Appen and infant formula company A2 Milk topped the losers list...

The company also increased its FY2021 EBITDA by 11% on the previous financial year to A$303.1 million.

The ASX 200 made it 3/3 to start the week, closing 0.39% higher in Wednesday trade. Gains were assisted by the big miners, which got back in the saddle following last week’s iron ore-led selloff. Energy stocks rose again amid the more bulli...

With the S&P/ASX 200 Index (ASX: XJO) still hovering at record highs this results season, investors may have to turn to lesser-known businesses for a bargain on the way up. Fairmont Equities managing director Michael Gable told his cli...

Perseus says Yaouré will produce 260,000 ounces of gold per year, making up more than half of the company’s stated annual goal of 500,000 ounces.

The company’s Edikan, Sissingué and Yaouré gold mines all contributed to Perseus maintaining its record of consistently strong operating performances.

The company’s Edikan, Sissingué and Yaouré gold mines all contributed to Perseus maintaining its record of consistently strong operating performances.

The company’s Edikan, Sissingué and Yaouré gold mines all contributed to Perseus maintaining its record of consistently strong operating performances.

Cannacord doubled down on its support for Perseus this week, tweeting “We continue to see @PerseusMining as a sector standout, noting expectations for strong FCF generation and potential for capital management initiatives."

The gold price itself had 12 months of consolidation. Now we are entering a new stage of a bull market which Barry Dawes of Martin Place Securities believes “will take it much, much higher”. In the big scheme of things, the pullback we have...

On Sunday, a chaotic ‘flash crash’ saw the gold price plummet into the $US1600s per ounce before staging a mild recovery. Experts mostly point to a better than expected jobs report out of the US for heavy selling that saw the traditional he...

Asian stocks lacked direction today as investors are keenly waiting for US inflation data. The Nikkei 225 in Tokyo was up close to 1% to 28,069.28 and the Shanghai Composite Index was trading flat at 3,532.23. The Kospi in South Korea was d...

The ASX 200 touched new fresh intraday highs today of 7,615, before softening towards the close to 7,576 for a 0.19% gain. Utilities, energy, and miners were the best performers, while tech and telco stocks underperformed. Commonwealth Bank...

Summary  At the closing, the ASX 200 was 24.2 points higher at 7,562.6, taking cues from what was a mixed session in US markets. Among the ASX 200 stocks, Pilbara Minerals Limited was the top gainer, gaining 10.95%. Gold stocks were t...

After a sluggish start, the ASX200 posted a solid session with steady gains across all the major indexes. Gains were led by the IT sector, on another good day for Afterpay (ASX:APT) which has continued to track higher following last week’s...

Summary Australian benchmark index, the ASX 200, ended flat, paring early gains. During the day’s trade, the index gained as much as 0.4% to hit a new high of 7,567 points. Barring IT, utilities and health care, all indices ended in r...

Summary The Australian benchmark index, ASX 200, rose 0.30% to scale a new height of 7,560.90 points by lunch.   Six of the eleven sectors were in the green, while financials topped the chart with 1.5% gain. Financial services firm Su...

Summary  The ASX200gained 0.36% to settle at a fresh closing high of 7,538.40. The index closed week with 1.97% gain, its best since May. The RBA has lowered GDP forecast for this year from 4.75% to 4%. Economists estimate that Sydne...

The ASX200 cruised into the close with a gain of 0.36% on Friday, as markets remained relatively sanguine ahead of US employment figures later tonight. Gains at the big end of town were led by the IT sector which rose more than 2%. More ste...

As an uncorrelated asset – value not tied to larger fluctuations in the traditional markets — gold has had “its lunch cut a bit” by crypto, PCF Capital’s Liam Twigger says. “There is an article in the last Economist asking, ‘what happens if...

Summary The Australian benchmark index, ASX 200, traded lower by 4.60 points at 7,506.50 by lunch. The market witnessed muted trade despite strong cues from Wall Street. Barring material, telecom and utilities, all sectors were tradin...

The Resmed CDI (ASX: RMD) tumbled even as management unveiled a double-digit increase in quarterly revenue and a bigger dividend. But that wasn’t enough to save the sleep-treatment device maker. The ResMed share price crashed by over 3% to...

Summary The ASX200 ended 0.23% lower at 7,474.50, led by blue-chip miners and banks. Australian shares dropped after the Reserve Bank decided to stick to plans to taper bond buying. BNPL stocks Afterpay and Zip Co emerged as top gaine...

The ASX200 finished 0.22% lower in Tuesday trade, dragged down by a flat session for the big miners which all fell by around 1%. The ASX200 Energy index lagged the pack with a fall of 1.39%, while the major banks also struggled to find trac...

Canaccord has lifted its target price to A$2.00 based on upgraded FY22 estimates and potential for mine life extensions at Sissingue.

Summary Benchmark index, the ASX 200, was down 0.21% at 7,475.50 by the lunchtime. The market witnessed cautious trading ahead of the Reserve Bank of Australia’s (RBA) policy announcement. Barring tech, utilities and consumer staples,...

Strong consumer buying and modest institutional investment helped create gold demand of 955.1 tonnes over Q2 – a 9% rise from Q1 2021, and in line with the equivalent period last year. While both consumers and retail investors were purchasi...

The ASX200 chalked up another day of gains in Thursday trade, and once again it was resources leading the way. The ASX200 Materials index posted a solid 1.51% gain, and has now risen by at least 1% on five of the last seven trading days. Pr...

Summary The AS 200 has continued its uptrend from the last session, opening 0.3% or 22 points higher. Wall Street extended gains on Wednesday, snapping a long losing streak. The market breadth has been extremely positive, as 10 out of...

Summary S&P/ASX 200 Resources index has increased 19.89% in the last year due to a solid economic recovery. ASX-listed miners, South32, BHP Group, Beach Energy, and Perseus Mining have released their June quarter-ending results. B...

In the June quarter, it recorded gold production of 102,788 ounces, up 16% on the March 2021 quarter and up 50% on the December 2020 quarter. 

Summary On Wednesday, the ASX 200 traded higher by 0.97% or 70.1 points in the opening trade, at 7,322.3. All three indices on Wall Street were up over 1.5% each. The A-VIX has retreated 8.3% from yesterday’s close, to 12.06, denoting...

Canaccord Genuity continues to see Bellevue as an exciting development proposition while it believes Red River is near an FCF (free cash flow) inflection point.

Bega Cheese (BGA), Perseus Mining (PRU), West African Resources (WAF), Challenger Financial Svcs (CGF) & Kogan.com (KGN).

It is no longer just lip service — to create max value for shareholders, miners know they need good Environmental, Social and Governance (ESG) credentials. Failing to maintain good relationships with stakeholders (like governments, local co...

Summary The S&P/ASX200 gained 43.70 points or 0.60% to 7,370.60, crossing above its 20-day moving average. All 11 sectoral indices traded in green, while material was the top performer with 1.5% gain. Tech firm Nuix was the top ga...

Gold had its worst month since November 2016 in June, down 7% to $US1,779/oz. Mining and exploration stocks have followed suit. This bearish trend creates a buying opportunity, experts say. Boutique investment advisory firm head Frank Holme...

The S&P/ASX 200 Index (ASX: XJO) enjoyed a day on the green today, closing up 0.16% to 7,313 points. We saw positive moves from most of the ASX banks, miners and other blue chips like Telstra Corporation Ltd (ASX: TLS) and Woolworths G...

29 June 2021 - Mako Gold (ASX:MKG) has entered into a binding agreement with Perseus Mining (ASX:PRU) to acquire 39% interest in Napié Gold Project.

The company has entered an agreement to lift its interest in the Napié Gold Project to 90% with Perseus Mining, a producer and developer, taking a 5.1% equity holding.

The market giveth and the market taketh. Truer words have never been spoken with gold prices diving nearly US$100 in less than a day after the US Federal Reserve signalled higher inflation and that interest rates could rise twice by 2023. G...

2021 has been a challenging year for ASX gold shares with prices in the precious metal struggling to gain traction. In contrast to the S&P/ASX 200 Index (ASX: XJO) sitting near record highs with a year-to-date return of about 10%, mos...

Summary The ASX 200 traded higher in the opening trade even as the US shares ended lower overnight. By 10:30 AM (AEST), the benchmark was trading at 7,391.50, up 0.16%. The US investors awaited the Federal Reserve’s monetary policy st...

Ansell (ANN), Zip Co (Z1P), TPG Telecom (TPG), Mayne Pharma Group (MYX) and Perseus Mining (PRU).

Summary The ASX 200 opened 7.20 points higher, at 7319.50, on Tuesday morning. By 10:15 AM (AEST), the ASX 200 was trading at 7,364.60, up 48.2 points, setting a new intra-day high. On Wall Street, the Dow Jones fell 0.25%, the S&...

Summary The S&P/ASX 200 ended the day up 9.80 points, or 0.13%, to 7312.30. The tech sector emerged as the best performer, gaining 1.51% today and 7.19% over the past five days. Resolute Mining, Gold Road Resources, Mesoblast, Per...