Perseus Mining lays out $878m, five-year gold plan
PERSEUS Mining on Wednesday set down a five-year gold production plan that will require $878m in development capital including the Nyanzaga Gold Project in Tanzania, the…
Perseus gives green light to $124m Yaouré underground project
PERSEUS Mining this week gave the green light to the $124.6m expansion of its Yaouré gold operation in Côte d’Ivoire – a development that will see mining continue at the site…
Russia discusses boosting mining ties with gold-rich Sudan
SUDAN, currently embroiled in a 17 month civil war, has discussed boosting cooperation in the mining sector with Russia, according to a report by Bloomberg News. Citing a…
Perseus increases stake in Predictive Discovery to 19.9%
PERSEUS Mining today increased its stake in Predictive Discovery to 19.9% after buying a 13.82% foothold in the company last month. However, Perseus said a takeover for Discovery…
Perseus caps all-action year with A$100m share buy-back
PERSEUS Mining capped a strong, high activity performance for its 2024 financial year by announcing a A$100m share buy-back programme. Jeff Quartermaine, MD and CEO of the…
Perseus restarts exploration at Meyas Gold project in Sudan
THE resumption of drilling at the Meyas Sands gold deposit in Sudan was a “positive step” for the prospect, said Jeff Quartermaine, CEO of Perseus Mining. The Australian miner…
West Africa’s gold miners are having a major moment
THESE are strange times for investors with an interest in the gold market. Look no further than the new record high in the metal last month. It comes during a time of dollar…
Perseus Mining declares OreCorp cash bid final
PERSEUS Mining declared its cash offer for OreCorp of A$0.575 per share final and unconditional on Monday after accumulating a stake of 51.03% in the gold development company.…
Perseus says Sudan gold project “not lost to company”
PERSEUS Mining, the Australian listed gold miner, said it expected to eventually develop a mine in Sudan despite conflict in the North African nation. Bloomberg News cited Jeff…
Saudi PGM smelter proposal may test SA Govt’s loyalties
PLATINUM Group Metals, a Canadian company better known by its Toronto trading code, PTM, has submitted a proposal to the government that will force it to weigh its desire for…
Perseus signs gold project cooperation deal with Saudi Arabia
PERSEUS Mining has entered into a cooperation agreement with Saudi Arabia to seek out late stage projects in Africa and exploration ventures. The agreement is with Ajlan & Bros…
Perseus says it will make all cash A$258m offer for Tanzania project
AUSTRALIA’S Perseus Mining is to make an all-cash offer for Orecorp trumping an earlier share and cash offer by Silvercorp Mining. Jeff Quartermaine, MD of Perseus said on Monday…
Perseus builds 19.9% stake in Tanzania gold developer OreCorp
PERSEUS Mining said today it had accumulated a 19.9% stake in gold developer OreCorp which is currently under offer from a third party. Listed in Sydney, OreCorp owns the…
Perseus raises prospect of special dividend after cash flourishes
PERSEUS Mining increased cash and bullion to $594m at the close of the September quarter which CEO Jeff Quartermaine said boosted the firm’s chances of organic and inorganic…
Perseus to move into underground mining as extends Yaouré to 2035
PERSEUS Mining will mine underground for the first time as part of the life extension of Yaouré, an operation in Côte d’Ivoire. The Australian-listed company announced on Monday…
Perseus returns staff to Sudan but defers investment decision “for forseeable future”
PERSEUS Mining has deferred an investment decision on its Meyas Sand Gold Project in Sudan following the outbreak of hostilities in the North African country. Announcing today it…
Perseus plays down any risk to its Meyas project in Sudan despite the violence in Khartoum
AUSTRALIAN and Canadian listed junior gold miner Perseus is maintaining a “business as usual” approach to its operations in the Sudan despite the war between rival military…
Perseus secures ‘upsized’ $300m credit facility ahead of Meyas Sand decision in Sudan
PERSEUS Mining bolstered its balance sheet ahead of a decision on whether to proceed with the development of its Meyas gold project in northern Sudan. The Sydney-listed gold…
Perseus Mining boss says gold price weakness hasn’t made M&A market easier to navigate
A CORRECTION in gold company valuations did not make it easier to conclude acquisitions, said Perseus CEO Jeff Quartermaine whose company wants to bring more mines into its…
Perseus to extend footprint to Sudan in A$230m purchase of Toronto’s Orca Gold
PERSEUS Mining today unveiled plans to dramatically expand its operational footprint with the A$230m purchase of shares in Orca Mining, a Toronto-listed gold exploration firm…