Articles On Perseus Mining (ASX:PRU)

Finally, gold is having its day in the sun after months of anticipation and false starts. But as is the case with most commodity rallies, there’s more to it than meets the eye and not all investors will revel in the spoils. In Aussie dollar...

The market remains sceptical of the rally in gold. As the gold price heads into record territory, many gold stocks have lagged behind. A few have been running pretty hard, with Australian based Ramelius Resources [ASX:RMS], Westgold Resour...

OreCorp's Nyanzaga project in Tanzania. Image: OreCorp.Silvercorp’s proposed takeover bid for OreCorp has now lapsed, clearing the way for Perseus Mining to acquire the gold explorer. OreCorp had issued Silvercorp a five-day period in whic...

Pilbara Minerals has selected Chinese customer Ganfeng as its proposed partner in a proposed 32,000tpa lithium chemical plant linked to an expansion of its Pilgangoora mine Genesis Minerals says the gold forward curve is at its biggest co...

Orecorp (ASX:ORR) appears to have finally selected a suitor to take its hand through a takeover process – and the winner isn’t Canada’s Silvercorp. Instead, Perseus Mining (ASX:PRU) appears to be the successful company in making a pitch...

Gold hit a US ATH, then dipped a tad, but not by much. In fact, it’s doing pretty well on the whole… … It’s less volatile than Bitcoin, anyway, which is a good or bad thing depending on outlook Speaking of which, RBC has some fairly cautio...

An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities. In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now...

20 Mar 2024 - East African gold miner Perseus Mining (ASX:PRU) has lifted its mooted offer for OreCorp in a conditional off-market proposal revealed on Wednesday and snagged the su…

East African gold miner Perseus Mining (ASX:PRU) has lifted its mooted offer for OreCorp in a conditional off-market proposal revealed on Wednesday and snagged the support from two major shareholders in the target company. The two major sha...

Perseus Mining is now well and truly in pole position to win the race for OreCorp after bumping up its takeover bid and snaring the support of two key shareholders.

An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities. In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now...

  MinRes to convert nickel plant in bid to deliver third Goldfields lithium processing facility Perseus gains competition approval for OreCorp bid in Tanzania Regis hit by wet weather, while Bannerman rises on uranium expansion plans   We...

Perseus has implied Silvercorp is deceiving investors, while moving another step closer to wresting control of OreCorp away from the rival suitor.

Gold has pulled back from very recent highs after the latest ‘sticky’ US inflation figures But… the price action in general looks pretty solid from where we’re sitting, and so does the TA Leading ASX goldies this week include: BMR, BMO, GS...

Discounted gold miners; building products & services with US exposures; online classifieds; and improving conditions for milk producers and Australian farmers. -Discounted gold miners-US exposures for building products & services-Ja...

The S&P/ASX 200 Index (ASX: XJO) endured a rough day of trading this Thursday and finished the second last trading day of the week on a sour note. Afte...

The S&P/ASX 200 (INDEXASX: XJO) Index rose 8.3 points, or 0.1 per cent, to 7,712.5 on Tuesday, after erasing almost $50 billion in value on Monday in a session of profit-taking that was led by the banks. The broader All Ordinaries (INDE...

Digital property exchange platform Pexa Group (ASX:PXA) is the ‘Hot Stock’ pick from Dale Gillham and Filip Tortevski in Wealth Within’s Hot Stock Tips show for HotCopper this week. Mr Gillham and Mr Tortevski discuss a change of momentu...

Gold hit an all-time high this week, ending Friday in strong form The World Gold Council predicts global elections and Fed cuts could keep the precious metal elevated ASX gold stocks performing well this week included: KNB, SXG, AWJ   Wha...

It was a rather wild, but overall positive day for the S&P/ASX 200 Index (ASX: XJO) and most ASX shares this Thursday. After a shaky week, investors will we...

The ASX 200 lifted modestly by +0.2% on Thursday as gains in Tech and Industrial stocks were offset by losses in Energy.  Local traders brushed out dovish comments from Fed Chair Jerome Powell last night. Appearing before Congress, Powell r...

Tietto does not believe any investors have taken up Chinese purchaser Zhaojin’s 58c per share bid for the African gold miner It comes after Zhaojin announced a fourth extension of the offer, this time to April 5 As gold prices rise, Ramel...

  The S&P 500 rose Wednesday as investors attempted to turn a corner following back-to-back losing sessions on Wall Street. The S&P 500 added 0.51 per cent to 5,104.76, while the Nasdaq Composite gained 0.58 per cent to 16,031.54. T...

Note: Figures recorded at 7:40am AEDT. Updated figures and a video recording will be available at 9am AEDT. The S&P 500 rose Wednesday as investors attempted to turn a corner following back-to-back losing sessions on Wall Street. The br...

The S&P/ASX 200 Index (ASX: XJO) has had a rather strange start to the trading week this Monday. This morning saw the index clock another new record high of 7,...

Welcome to the FNArena Corporate Results Monitor. Today's Reports: ((29M)) - 29Metals ((AX1)) - Accent Group ((AMA)) - AMA Group ((APA)) - APA Group ((LTM)) - Arcadium Lithium ((A1N)) - ARN Media ((ABB)) - Aussie Broadband ((ASB)) - Austa...

ANZ analysts believe ’emerging’ central banks could buy over 600t of gold annually until 2030  Citi isn’t totally ruling out a US$3,000 gold price in next 12-18 months US gold mining giant Newmont divests six gold mines and two other gold...

Newmont has pulled the trigger on a long mooted sale of the Telfer and Havieron gold projects in Western Australia They were acquired in its mega-merger with Newcrest along with ‘Tier-1’ assets like Cadia and Lihir Arcadium Lithium announ...

Silvercorp Metals Inc. (NYSE-A/TSX:SVM) is again making waves in the mining industry with its offer to acquire notable gold developer OreCorp (ASX:ORR). In the dynamic landscape of mergers and acquisitions, the recent developments surrou...

23 Feb 2024 - Australian-based African gold miner Perseus (ASX:PRU) demonstrated significant growth amidst the surge in gold prices towards the end of 2023. The company reported a …

The fortunes of ASX mining shares tend to be, generally, closely linked to how the global economy is faring. That's because demand for raw materials dies down during periods of low consumption, which pushes commodity prices lower. And that...

John Edwards, Novus Capital   BUY RECOMMENDATIONS   BUY – Perseus Mining (PRU) PRU is a profitable West African gold producer with three operating mines. PRU guided to second half gold production of between 226,000 ounces and 254,000 ounces...

John Edwards, Novus Capital   BUY RECOMMENDATIONS   BUY – Perseus Mining (PRU) PRU is a profitable West African gold producer with three operating mines. PRU guided to second half gold production of between 226,000 ounces and 254,000 ounces...

Gold recovers US$2k after weak retail sales data gets thrown into the economic soup in America Moneybags former hedge fund bloke Stanley Druckenmiller is increasing his gold exposure The week’s best performing ASX goldies include: TG1, TGM...

Our Canada Unearthed column wraps the news driving mining and exploration stocks listed in Canada, mostly on the TSX and TSX.V. The Aussie gold sector, especially now that Newcrest has disappeared, are mostly junior companies on the global...

ASX falls heavily after US CPI print higher than expected Rates sensitive sectors, gold miners fell CBA, Domain, Fletcher Bulding also dumped   The ASX 200 fell by around -1% on Wednesday, tracking the selloff on Wall Street overnight. St...

Norwest Minerals picks up prime REE ground in the West Arunta region New tenement is the closest ground position south of WA1’s Luni niobium-REE discovery Norwest is an established West Arunta explorer holding 1560 km² where critical miner...

Perseus Mining has thrown another spanner in the works of OreCorp’s scrip and cash takeover deal with Canadian suitor Silvercorp.     

Few regions have experienced as much growth in their mining and exploration sectors over the last three decades than West Africa. So too, unfortunately, has the risk profile for investors. West Africa is a big region. Sixteen countries cram...

  The price of gold is in a holding pattern, threatening to dip in short term, according to Metals Focus analysis Metals Focus, like Japan’s biggest bank MUFG, however, has a more positive outlook for gold later this year Top-performing AS...

As central bankers navigate the confusion of an easing rate path, investors may still look to gold as protection against sticky inflation. A year of distress and corporate collapses sent panic through the financial system, from the concerns...

The S&P/ASX 200 Index (ASX: XJO) has enjoyed another happy session this Wednesday, marking the second day in a row investors were treated to some...

Local shares closed higher again on Wednesday Aussie headline CPI unexpected fell to 4.9pc Interest rates sensitive sectors rose following CPI report   The ASX200 closed +0.25% higher on Wednesday, boosted by interest rates-sensitive stoc...

  Gold prices sit at six month highs, upwards of US$2000/oz Aussie gold equities have risen 15% since the week before Hamas’ attack in Israel Fundamentals suggest gold could be on the edge of a breakout or bear market, depending how the co...

Aussie shares closed higher as Real Estate and Financial sectors led Gold miners also rallied, while Energy stocks slumped Collins Foods up almost 10pc after half year update   The ASX closed +0.4% higher on Tuesday, bucking the modest se...

Perseus Mining has increased its shareholding in OreCorp ahead of the Silvercorp Metals–OreCorp acquisition. Perseus’ standing in OreCorp has increased to 19.9 per cent. While the company said itRead MoreAustralian Mining.

Perseus Mining (ASX:PRU) has utilised a portion of its US$600 million (over A$900 million) cash reserve to acquire a significant stake in OreCorp, a competing African mining company. In this move, Perseus CEO Jeff Quartermaine underscored t...

So much for a small rise on the market today. Instead, the ASX200 closed down about three quarters (.76) per cent. Real estate stocks proved the biggest drag, down just over one and a quarter of a per cent, while IT was the only sector t...

Perseus Mining (ASX:PRU) increased its shareholding in OreCorp (ASX:ORR) to 19.9% a mere hours after acquiring an initial 15.03% stake this morning (27 November 2023). While the increase to a blocking stake came just 2.5 hours after anno...

Perseus Mining has taken a leaf out of the Gina Rinehart playbook and amassed a blocking stake in a takeover target — OreCorp — less than two weeks before a deal goes to a shareholder vote.