Articles On Perseus Mining (ASX:PRU)

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...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

Summary The Australian stock market opened flat on Friday despite the three major Wall Street stock indices closing higher overnight. However, the shares soon dipped and by 10:30 AM (AEST), the ASX 200 was trading at 7,277.10, down 0.3...

Summary The ASX 200 hit a new all-time high of 7300.5 in intraday trade on Friday, breaching Thursday’s intraday high of 7,281.8. The index closed higher for the third session, adding 35.30 points or 0.49% at 7,295.40. Bitcoin, Ether...

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

Summary The S&P/ASX200 is trading 5.20 points higher to 7265.30 by the afternoon. The index scaled a new intra-day high of 7282.3, before easing back. Healthcare, Industrials and Consumer Staples stocks gained over 1% each. ...

The S&P/ASX 200 Index (ASX: XJO) has slipped 0.1% from record all-time highs on Friday. This follows a weak overnight performance on Wall Street with all three indices, the Nasdaq Composite (NASDAQ: .IXIC), S&P 500 Index (SP: .INX)...

The Resolute Mining Limited (ASX: RSG) share price was in exceptionally strong form in May. With a gain of almost 26%, the gold miner’s shares were actually the best performers on the S&P/ASX 200 Index (ASX: XJO) last month. Why was th...

The S&P/ASX 200 Index (ASX: XJO) was on form in May and charged notably higher. The benchmark index rose for the eighth consecutive month, recording a 1.9% gain over the period to end at 7,162.6 points. While a good number of shares cl...

The benchmark index, ASX200, is set to close in the red on Monday, dragged down by the downbeat performance of software company Nuix Limited and hammering of the energy stocks by the investors. The market witnessed flat trade as caution pre...

The S&P/ASX 200 (ASX: XJO) has had a volatile start to the trading week. At market open this morning, the ASX 200 went on to hit yet another record all-time high, surpassing 7,200 points for the first time ever and topping out at 7,203...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

Summary The ASX 200 is expected to open 0.5% or 34 points lower due to the weak closing of the US markets. The yield curve flattened further for a fourth consecutive session. Gold prices continued to scale higher and hit a more than f...

Resources sector including Spot Gold, Perseus Mining (PRU), Ramelius Resources (RMS), Northern Star (NST), and Gold Road Resources (GOR).

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

Summary Prices of commodities are soaring on the back of various factors. Gold has recorded an unexpected overnight surge to reach a 15-week high level. St Barbara (ASX:SBM) has lowered its FY21 guidance amid performance challenges....

Summary Extending gain for the third session, the ASX200 trades higher by 70 points or 0.51% at 7,059.30. Nuix led the pack with a 9% gain, while St Barbara nosedived over 10%, making it the top loser. Six of 11 sectors traded higher,...

Summary The ASX 200 is set to close higher for third straight session on Tuesday, led by gains in gold and energy stocks. Software firm Nuix Limited (ASX:NXL) emerged as top gainer today, rising 11.6% to AU$3.505. On the sectoral fron...

Summary The ASX 200 rose on Tuesday despite US stocks ending lower overnight. The domestic benchmark surged buoyed by gold and iron ore stocks. Despite the domestic equity benchmark rising today, tech shares slipped. The Australia...

Summary The ASX 200 opened higher on Tuesday and gained 25 points at the open. On Monday, Wall Street closed on a muted note, with all indices settling down. The investors would be closely tracking the Reserve Bank of Australia’s (RBA...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...