Articles On Perseus Mining (ASX:PRU)

ASX starts the quarter flat RBA appoints a new female deputy governor Property prices still up nationally in March   Local shares closed flat to start the first day of a new quarter. For the week, the ASX 200 index was up 1.32%. Energy an...

The Chamber of Minerals and Energy is one of the most powerful lobby groups in WA, and come budget and election time they tend to have a tight bind around government policy. Backed by groups like BHP (ASX:BHP) and Rio Tinto (ASX:RIO) they t...

Gold price to hit $US2,200 as stagflation fears take hold U.S. and allies officially prohibit all transactions with Russia involving gold, one of its financial lifelines. Will it work? Gold price rebounds over past week to $US1,960/oz Our...

The share market logged its highest close in nine weeks as banks and battered growth stocks took over the running from miners and oil producers. The S&P/ASX 200 climbed 37 points or 0.5 per cent to its fourth gain in five sessions. A...

Weekly update on stockbroker recommendation, target price, and earnings forecast changes. By Mark Woodruff Guide: The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macqu...

World Overnight SPI Overnight 7290.00 + 106.00 1.48% S&P ASX 200 7175.20 + 77.80 1.10% S&P500 4357.86 + 95.41 2.24% Nasdaq Comp 13436.55 + 487.93 3.77% DJIA 34063.10 + 518.76 1.55% S&P500 VIX 26.67 – 3.16 – 10.59%...

World Overnight SPI Overnight 7138.00 + 41.00 0.58% S&P ASX 200 7097.40 – 52.00 – 0.73% S&P500 4262.45 + 89.34 2.14% Nasdaq Comp 12948.62 + 367.40 2.92% DJIA 33544.34 + 599.10 1.82% S&P500 VIX 29.83 – 1.94 – 6.11%...

World Overnight SPI Overnight 7087.00 – 61.00 – 0.85% S&P ASX 200 7149.40 + 85.80 1.21% S&P500 4173.11 – 31.20 – 0.74% Nasdaq Comp 12581.22 – 262.59 – 2.04% DJIA 32945.24 + 1.05 0.00% S&P500 VIX 31.77 + 1.02 3.32%...

War gossip/news remains the main driver of gold prices. The precious metal is having one of those volatile weeks where unless they timed their entry and exit perfectly, investors probably had a tough time whether long or short, says OANDA s...

The VanEck Gold Miners ETF (ASX: GDX) has significantly outperformed Australia’s benchmark index in 2022 so far. It has gained an impressive 20.5% since the start of this year, compared to the S&P/ASX 200 Index‘s (ASX: XJO) 7.3% tumbl...

Highlights Gold price firms up, reaches US$2000 an ounce. Gold demand peaks as Russia-Ukraine war impedes global growth, increasing risks of stagflation. ASX gold stocks on watch are NCM, NST, EVN and PRU registering gains in-line....

ASX gold shares are bucking the wider selling trend gripping share markets today. While the All Ordinaries Index (ASX: XAO) is down 1.2% in afternoon trading, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) has gone the other way, up...

The S&P/ASX 200 Index (ASX: XJO) is having a fairly disappointing start to the trading week so far this Monday. At the time of writing, the ASX 200 is down by 0.76% at under 7,100 points. But bucking that trend so far this morning is t...

Australian stocks were poised to start the week higher as investors balanced strength in commodities against declines on Wall Street.   The S&P/ASX 200 looked set to open 28 points or 0.39 per cent ahead, according to futures action....

On 04 March 2022, the equity market of Australia ended in red. On the same day, ASX Midcap50 fell by 1.07% and ASX 200 was down by 0.57%. ASX All Ordinaries went down by 0.69% to 7,395.30. Data Source: ASX, Table Source: Copyright © 2021...

Highlights The ASX 200 snapped its 5 day winning streak today, was down 0.6% to close at 7110. Fears over Russian shelling at Europe's biggest nuclear plant in Ukraine weighed on the global market sentiment today. Investors globally r...

News of a fire at Ukraine’s Zaporizhzhia nuclear power plant after an attack by Russian forces has spooked the markets. The active power plant, located in the southeast of Ukraine and also Europe’s biggest, had caught fire after fierce figh...

A good week for gold, which is up 1.04% to ~$US1,940/oz at time of writing. History shows us war doesn’t usually trigger an extended rally, but news flow – or lack thereof – coming out of Ukraine continues to be the biggest influence on the...

“Overall, we think the deal makes sense from risk-reward and PRU is accustomed to constructing new mines in West Africa. Exposure to West Africa, outside Ghana in particular, may not be for all investors and our Buy rating on PRU accordingl...

Highlights The ASX 200 closed 0.7% higher to 7,096.50. Tech shares dominated the session, and the sector was the day’s best performer, up 5.7%. Asian markets were off to a good start, as investors closely eye the geopolitical situatio...

Australian stocks rose for a third session after the Reserve Bank renewed its pledge to be patient on rates, citing the war in Ukraine as “a major new source of uncertainty”. The S&P/ASX 200 rallied into the 2.30 pm RBA announcement...

Australian stocks rose for a third day as buyers continued to discount the threat of significant economic fallout from the Russia-Ukraine crisis. The S&P/ASX 200 rallied 86 points or 1.22 per cent, supported by tentatively positive U...

Highlights The benchmark ASX 200 surged 1.1% to 79.3 points in the first 15 minutes of trading. The Russian ruble hit an all-time low on Monday with Russia hit by a bombardment of Western sanctions. The IT sector is buzzing with a 4.4...

World Overnight SPI Overnight 7044.00 + 21.00 0.30% S&P ASX 200 7049.10 + 51.30 0.73% S&P500 4373.94 – 10.71 – 0.24% Nasdaq Comp 13751.40 + 56.78 0.41% DJIA 33892.60 – 166.15 – 0.49% S&P500 VIX 30.15 + 2.56 9.28%...

Risk-off moves on global financial markets curbed a second day of share-market gains as investors fretted about the economic fallout from the Russia-Ukraine crisis. The S&P/ASX 200 climbed 51 points or 0.73 per cent. The last maj...

West African gold miner Perseus Mining will expand its interests in the north-east of the continent after striking a $C215 million ($234.2m) scrip takeover deal for Sudan-focused Canadian explorer Orca Gold.

One of the ASX’s top performing gold miners in recent times, Perseus (ASX:PRU) has leveraged its successful operations in West Africa to push back against market malaise and cost pressures. Shortly after announcing a 159% rise in net profit...

Australian stocks rose for a second session, hampered by a slump in US futures after the West turned the screws on Russia’s economy. The S&P /ASX 200 climbed 36 points or 0.52 per cent by mid-session. Oil producers, grain companie...

"When the transaction is completed, Perseus will have three operating mines currently producing gold at around 500,000 ounces per year and a high-quality development project, that if brought on stream, should ensure that Perseus can maintai...

28 Feb 2022 - A snapshot of the stocks on the move featuring InvoCare (ASX:IVC), Perseus Mining (ASX:PRU) & Zip Co (ASX:Z1P).

Highlights In one of its worst showings of the year, the ASX 200 dropped below 7,000 as the Ukraine crisis sent the index down 3%, or 215.1 points to 6990.6. Investors seem to be rushing from risk assets to the safety of government bon...

Mako Gold (MKG) hits further gold mineralisation at the Napié Project in Côte d’Ivoire ahead of maiden mineral resource estimate An extensional drilling program is underway across the Gogbala prospect with the latest results returning five...

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It’s a disastrous day for plenty of ASX shares, with both major indexes tumbling more than 2%. But not all stocks are suffering – the Perseus Mining Limited (ASX: PRU) share price has surged a whopping 13.21% to trade at $1.80. That’s des...

Highlights The ASX 200 tumbled around 1.54% to 7,088 in the first 15 minutes of trade. The US market was also taking heat from rising geo-political tensions and ended at the lowest level for the year. Crude oil prices continued to ral...

Perseus Mining has more than doubled its first-half profit to $126.9 million and trumpeted that it is now producing gold at an annual rate of 500,000oz.

Perseus Mining (PRU) improves results across its key metrics as it targets annual gold production of 500,000 ounces During the half, the company produced about 241,000 ounces of gold at an all-in site cost of US$949 per ounce (A$1313) and...

Australian shares climbed off a two-week low as investors discounted the likely economic hit from the Russia-Ukraine crisis. The S&P/ASX 200 bounced 28 points or 0.39 per cent. The Australian benchmark fell 1 per cent yesterday after...

“With three gold mines in operation, we are now producing gold at our targeted rate of approximately 500,000 ounces of gold per year, and with excellent drill results coming from our organic growth programs we are confident of at least main...

Local shares swung into positive territory following news that French President Macron had brokered a last ditch deal for Putin and Biden to meet on the Ukraine issue. At around 12.15pm AEDT, French media reported that Putin and Biden will...

The company's three operating gold mines, Yaouré and Sissingué in Côte d’Ivoire, and Edikan in Ghana have combined to produce a total of 128,378 ounces of gold in the December 2021 quarter.

Highlights  Gold prices soared up to new highs today and rallied back mainly on the Russia Ukraine tensions. The shooting demand is not just for gold but also for gold stocks. 3 gold stocks on the ASX which have closed higher this wee...

Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan. That’s why the precious metal appears to perform well in times of war or political instability. Conversely, stocks and bonds perform best in a sta...

Local shares fought back in afternoon trading to close by just 0.7% lower, after being down by 1% in morning session. For the week, the ASX 200 was up 0.35%. Investor sentiment was negative throughout the day, amid fears the Russian invasio...

Aussie stocks eked out a third straight weekly advance despite falling this afternoon as simmering tensions on the Russia-Ukraine border curbed risk appetite. The S&P/ASX 200 fell 74.5 points or 1.02 per cent. Rallies in gold mine...

The share market gave up much of its gains for the week after rising tensions between Ukraine and Russia dragged Wall Street lower. The S&P/ASX 200 fell 48 points or 0.66 per cent to 7248. The decline slashed the benchmark’s tally fo...

Highlights The benchmark ASX 200 fell 0.89% to 7,227.9 in the first 15 minutes of trading. Gold prices jumped over 1.5% to the highest level since June 2021. Ten out of the 11 sectors were facing selling pressure in today’s session....

Local shares moved higher today. Investors took to safety, betting on gold producers on concerns that Russia may invade Ukraine this week. Aussie gold stocks buoyed the ASX 200, which closed 0.28% higher, defying Wall Street as well as othe...

Miners and Financials lifted local shares today, as the ASX 200 defied Wall Street’s falls overnight to climb 1.07%. In mining, large gold stocks like AngloGold Ashanti (ASX:AGG) bounced back from yesterday’s falls, while iron ore majors li...