Articles On Perseus Mining (ASX:PRU)

ShareCafeOvernight: A Tale Of Two Markets World Overnight SPI Overnight (Jun) 5417.00 – 123.00 – 2.22% S&P ASX 200 5522.40 + 129.00 2.39% S&P500 2912.43 – 27.08 – 0.92% Nasdaq Comp 8889.55 – 25.16 – 0.28% DJIA 24345.72 –...

World Overnight SPI Overnight (Jun) 5468.00 + 108.00 2.01% S&P ASX 200 5393.40 + 80.30 1.51% S&P500 2939.51 + 76.12 2.66% Nasdaq Comp 8914.71 + 306.98 3.57% DJIA 24633.86 + 532.31 2.21% S&P500 VIX 31.23 – 2.34 – 6....

The company’s two producing gold mines, namely Edikan in Ghana and Sissingué in Côte d’Ivoire, produced a combined total of 57,983 ounces of gold during the March 2020 quarter.

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

The company has implemented a series of protocols at each of its operating sites aimed at eliminating the possibility of COVID-19 infections.

In late morning trade the S&P/ASX 200 Index (ASX: XJO) has followed the lead of U.S. markets and dropped lower. At the time of writing the benchmark index is down 1.3% to 5,157.9 points. Four shares that are not letting that hold them...

Construction of the company’s third West African gold mine remains on schedule.

The company will assist host governments and communities around its operations to maintain safe and healthy living conditions for locals and staff.

For many gold miners listed on the ASX, the global market panic induced by the coronavirus pandemic has ignited demand for their shares. Although the gold price has been volatile (and has been sparring with the USD for haven status), there...

Canaccord Genuity has increased its target price for Perseus by 19% to $1.90 on account of updating its Edikan Gold Mine model assumptions for the new life of mine plan.

The updated LOMP involves mining and processing of ore from three open pits and one underground mine.

Gold equities have suffered from the liquidity-driven global sell-off over recent weeks but several brokers suggest the outlook is much brighter, as flight-to-safety concerns take over. -Gold sector well capitalised with low levels of debt-...

Gold production and cost guidance previously provided by Perseus for the half year and full financial year ending June 30 2020 remains valid based on production to date and internal forecasts to the end of the period.

The company operates two gold mines in West Africa and is developing its third mine with gold production expected to increase to more than 500,000 ounces per year in 2021/2022.

Your weekly recap of the news driving ASX small cap gold stocks. The major gold miners were obliterated alongside everyone else last week. The ASX’s big three producers – Newcrest Mining (ASX:NCM), Northern Star (ASX:NST) and Evolution (ASX...

Mako Gold’s (ASX:MKG) has intersected several new high-grade gold zones at the Napié project in Côte d’Ivoire, sending the stock up +6 per cent in early trade. Notable results include 1m at 47.3 grams per tonne (g/t) gold within a broader z...

A weekly recap of the news driving ASX small cap gold stocks. As a trusted safe haven in times of economic crisis, gold usually rallies amid nasty stock selloffs like this one. It seems like a strange time for gold and gold-facing equities...

Edikan’s updated reserves lifted 16% from the mid-2019 estimate and now total 46 million tonnes at 1.1 g/t for 1.6 million ounces of gold.

Perseus forecasts a stronger grade-driven performance in both production and costs in the June 2020 half year.

Perseus produces gold from the Edikan mine in Ghana and Sissingué mine in Côte d'Ivoire.

Yaouré will be the company’s third gold mine and integral to growing production to 500,000 ounces per annum by FY2022.

Cormark Securities has initiated coverage on Perseus with a buy rating and a C$1.15 target.

Perseus has maintained its full-year guidance ending June 30, 2020 of 275-295,000 ounces of gold at an all-in sustaining cost of US$850-950 per ounce.

By Rudi Filapek-Vandyck, Editor FNArena Guide: The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS. For th...

Our market is on maximum bullishness! Not only have we raced to a new record high this morning, but stocks that have copped a broker downgrade don’t seem to be fazed. The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index added a further 0.5% t...

Companies in the precious metals sector with projects to watch in 2020 are Mako Gold, Perseus Mining, Tietto Minerals, Hummingbird Resources and Caledonia Mining.

Mako Gold Limited (ASX:MKG) has secured a multi-purpose reverse circulation (RC) and diamond drill (DD) rig from Geodrill (TSX:GEO) and plans to resume drilling shortly at the company’s 224 square metre Napié Project in Côte d’Ivoire. Mak...

Today, Iran fired missiles at Iraqi army bases housing US troops — retaliation for a US drone strike that killed a leading Iranian military general last Friday. This tension between the US and Iran is causing volatility for global markets t...

IT'S taken longer than expected, and been overlooked by most investment banks, but the remarkable revival of Perseus Mining has provided the ...

If there’s one commodity that has started the decade well, it’s oil. Brent oil has gained 5.2 per cent this week and crude oil has gained 4.2 per cent. In contrast, some of the top performing commodities of 2019 have been slower. Copper has...

In afternoon trade the S&P/ASX 200 index is on course to start the year on a positive note. At the time of writing the benchmark index is up 0.2% to 6,698.6 points. Four shares that have failed to follow the market higher today are lis...

A number of shares have been pushing higher on the ASX this month. Some have climbed more than most and have even managed to reach 52-week highs or better. Three that have achieved this feat are listed below. Here’s why they are soaring ri...

Newcrest Mining and Perseus Mining have joined new indices as part of a quarterly rebalance by S&P.

The company’s securities reached a new 12-month high last Friday and the market cap is now approximately $1.168 billion.

Perseus Mining has contracted privately-owned EPSA Internacional for the development of its third gold mine, Yaouré in Côte d’Ivoire, West Africa. The mining services contract involves the movement of around 170 million tonnes of material,...

The contract has been awarded to Spanish-based global earthmoving and mining contractor EPSA Internacional SA.

The convention provides a guarantee of fiscal stability and sets out a range of other rights and obligations that will apply during the mine’s life.

Perseus Mining Limited (ASX: PRU) executes a Mining Convention with representatives of the State of Côte d’Ivoire through its Ivorian subsidiary- Perseus Mining Yaouré SA. The Convention provides a guarantee of fiscal stability and sets ou...

Michael Gable is an expert guest commentator for the Finance News Network, presenting “Stock Watch” each week – covering stock tips and shares on the Australian market (ASX). This video is dated 9 December 2019.  Shares covered: S&P/ASX...

The company’s share price has outperformed most gold producer peers in recent months and today’s increase of up to 8% was supported by a rally in the gold price.

THE A$1 billion capitalised duo of Gold Road and Perseus Mining were the best individual stocks in the gold patch on a day when the sector was just ...

Kalgoorlie is arguably Australia’s premier gold town and the region around it has delivered a rich endowment of the precious metal over the course of the country’s longest-running gold rush, which shows no sign of stopping anytime soon. Tor...

Mako Gold Limited (ASX:MKG) has received extremely promising assay results from its latest drilling program on the Tchaga Prospect at the company’s 224 square kilometre Napié Project in Côte d’Ivoire. The drilling program consisted of 2,0...

Shares in the company have been trading strongly recently, more than doubling year to date.

Mako owns 51% and is operator of the Napié Project alongside ASX major gold producer Perseus Mining.

Mako Gold Limited (ASX:MKG) has completed its latest reverse circulation (RC) drilling program at the Tchaga Prospect part of the company’s 224 square kilometre Napié Project in Côte d’Ivoire. As a backdrop, Mako is earning up to a 75% in...