Articles On Perseus Mining (ASX:PRU)

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...

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...

Generally, gold is seen as a defensive asset; the commodity investors turn to when times get tough. But lately, with interest rates low and inflation lagging, Shaw and Partners senior investment adviser Adam Dawes said gold has potentially...

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...