WGC hopes Ghana will weigh its input amid gold reform
THE World Gold Council hoped that its work helping Ghana formalise its artisanal and small-scale gold mining (ASGM) sector would be “taken into consideration” as the West African…
Ghana’s cabinet backs mining law overhaul
GHANA’S cabinet has approved amendments to the country’s mining law for submission to parliament, Mines Minister Emmanuel Armah-Kofi Buah said in a Reuters report. The proposed…
West African miner Perseus extends buy-back
SHARES in Perseus Mining surged over 8% on Monday after the West African gold miner approved a A$50m increase in its share buy-back programme. This was after completing A$100m in…
Perseus buys into neighbour Aurum’s exploration activities
WEST AFRICAN gold miner Perseus Mining’s recent investment in 9.9% of Aurum Resources for A$23.7m could have potential synergies in future, Perseus MD and CEO Craig Jones said.…
Riskier but gold’s mid-tier and junior miners offer value
PAN African Resources broke into the JSE’s top 40 index last month with a market capitalisation of R65bn. Once a gold mining minnow, the share has tripled in value in the past 12…
Perseus Mining confirms second employee dies
PERSEUS Mining confirmed on Monday that a second employee of a contractor firm passed away in a hospital, days after an accident near the gold producer’s Bagoe mine in Cote…
Quartermaine announces retirement from Perseus Mining
JEFF Quartermaine will step down as MD of Perseus Mining on September 30 after more than a decade leading the African gold producer. The veteran executive joined the Perth-based…
Ghana shortens licences in sweeping mining law reform
GHANA has announced its most comprehensive mining legislation reforms in nearly two decades, featuring shortened licence periods and mandatory direct revenue-sharing with local…
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…
Endeavour continues share buy-backs, targets higher cash flow
ENDEAVOUR Mining bought back $22m of its own shares so far this year, and said it would opportunistically repurchase more as it sought to boost its promised minimum dividend of…
Lundin, Zijin take minority stakes in Predictive Discovery
INTEREST in Guinea gold development firm Predictive Discovery was turned up a notch on Tuesday after the firm said it had introduced two new shareholders via a private placement,…
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…
Guinea awards permit for Bankan gold project
PREDICTIVE Discovery, an ASX-listed gold exploration firm, said on Monday its Bankan project in Guinea had received environmental permitting. Company MD Andrew Pardey said in an…
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 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…
Asante Gold to join bidding for Ghana mine Akyem
ASANTE Gold Corporation plans to join the bidding for Newmont’s Ghana mine Akyem which the US miner deemed non-core following its acquisition of Newcrest last year. “We expect to…
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.…
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 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…