Perseus Mining

Gold miners Perseus Mining, Ramelius Resources and Evolution Mining have all released positive quarterly reports today, with Ramelius upgrading its full-year guidance and Evolution confident of reaching its target comfortably.

Three Western Australian gold miners have recently started production at their respective operations, with Dacian Gold’s $200 million Mt Morgans project near Laverton pouring its first bar of gold last week.

Pilbara Minerals founder John Young has stepped down from the company’s board, with Sally-Anne Layman set to become a non-executive director as the company closes in on first lithium production.

Perseus Mining has awarded the engineering and supply contract at its Yaouré gold project, located in the West African country of Côte d’Ivoire, to fellow Perth-based company Lycopodium.

A quarterly rebalancing of S&P/ASX indices has resulted in South32 being relegated from the top 20 index, and Galaxy Resources being dropped from the top 200 index.

Subiaco-based Perseus Mining is set to gain control of a potential new gold project near its Sissingue mine after announcing a friendly takeover bid for Exore Resources in a scrip deal worth around $60 million.

Gold miner Saracen Mineral Holdings has been added to the S&P/ASX 100 stock index, reflecting strong growth in the company’s market value this year, while Seven West Media’s steep slide has seen it removed from the ASX300 index.

While there are more women on the boards of Australia’s 200 largest listed companies than there were at this time last year, there remains substantial room for improvement.

Western Australian companies Chalice Mining and Silver Lake Resources appointed females to their boards this month, ending all-male representation among the ASX 200.

Subiaco-based Perseus Mining has reported a 48 per cent jump in net profit to almost $140 million, after commissioning its third mine and boosting production.

Perseus Mining has struck a friendly $C219 million deal to acquire full ownership of Canada’s Orca Gold Inc, which owns 70 per cent of a development project in Sudan.

Perseus Mining is expecting to produce up to 528,370 ounces of gold at the end of this financial year, after exceeding the market guidance for gold production in the recent quarter.

Gold producer Perseus Mining has delayed making a final investment decision on its Meyas Sand Gold project in Sudan following ongoing conflict in the country.

Gold producer Perseus Mining has bolstered its profit by 70 per cent to $476 million after enjoying higher gold prices and increased production in the 2023 financial year.

Goldminer Perseus Mining plans to commence underground mining operations at its Yaoure mine in West Africa through a $200 million expansion plan.

Perseus Mining has inserted itself in the middle of Silvercorp’s proposed acquisition of OreCorp, acquiring a major stake and declaring its intention to vote against the takeover.

Perseus Mining will launch an off-market takeover bid for OreCorp, initiating a battle with Canadian company Silvercorp Metals for control of the Subiaco-based gold developer.

OreCorp’s board has backed Canadian miner Silvercorp Metals’ takeover offer, sticking to its recommendation for approval over rival bidder Perseus Mining.

Perseus Mining has increased its offer consideration for takeover target OreCorp, upping its all-cash bid from 55 cents per share to 57.5 cents per share.

OreCorp's Board has unanimously recommended that its shareholders accept an amended takeover proposal from Perseus Mining, in the absence of a superior offer.

Resources company OreCorp has announced several changes to its board, a day after Canada-based Silvercorp Metals gave its blessing to Perseus Mining's off-market takeover bid for the company.

Perseus Mining boss says the company has a great opportunity to reach or potentially surpass its annual production guidance of 491,000-517,000 ounces of gold for the 2024 financial year.

Perseus Mining has met its annual guidance, producing 509,977 ounces of gold for the 2024 financial year.

African goldminer Perseus Mining has spent more than $65 million on a strategic stake in fellow ASX-lister Predictive Discovery, but says it is not currently seeking to take over the company.

African-focused Perseus Mining has appointed Amanda Weir as its chief operating officer, effective from Monday.

Cashed-up African gold producer Perseus Mining will reap $66 million from the sale of shares in Toronto-listed Montage Gold Corp, acquired in its $215 million 2022 takeover of Orca Gold.

A booming gold price has helped ensure a strong 2024 financial year for Perseus Mining, which posted a net profit after tax of $US364.8 million, or $536.4 million.

African gold producer Perseus Mining has upped its stake in Predictive Discovery but has reiterated its not currently eyeing a takeover of the developer.

Gold exploration company Predictive Discovery has received a massive boost, with its Guinea-based Bankan gold project receiving a key government endorsement.

Perseus Mining has appointed Byrnecut as its primary mining contractor after approving a $124 million underground development at its Yaouré gold mine in Côte d’Ivoire.

Predictive Discovery’s push for its Guinea-based Bankan gold project to become a tier-1 gold mine received a timely boost on Tuesday.