Page 25 - Perseus Mining News Today

By Mark Woodruff For the week ending Friday December 18 there were fourteen upgrades and nine downgrades by brokers for ASX-listed stocks in the FNArena database. On a valuation basis Northern Star Resources, Perseus Mining and Regis Resources were upgraded after Citi reviewed the gold sector.  In a moderation of prior forecasts, the broker simultaneously lowered earnings forecasts and target prices for the companies. The broker expects "peak gold" in 2021 before the price unwinds in 2022 bas...

Perseus pours first gold at Yaouré mine A worker at Perseus Minings Yaoure mine. Credit: Perseus Mining. With construction of the Yaouré processing plant and associated infrastructure largely complete, the company expects to declare commercial production during the March 2021 quarter. Perseus acquired Yaouré when it merged with Amara Mining in April 2016. Since then, the company has completed an extensive programme of confirmatory drilling and test work and prepared a definitive feasibility ...

ASX rises 0.7pc as gold miners lead solid rally in shares Share Gold miners were among the sharemarkets best performers on Wednesday, leading the benchmark to a 0.72 per cent gain, after a strong rise in the price of the precious metal driven by hopes a US stimulus deal is finally close. The S&P/ASX 200 Index added 47.9 points to close at 6679.2. The All Ordinaries gained 50 points to 6916.7.   The price of gold rose 1.4 per cent to $US1853 an ounce overnight, buoying local mining stocks. Afte...

Stimulated After tracking lower for the past four sessions, yesterday the ASX200 rebounded to zero out the net losses since last Thursday. Collect $200. The previously sombre mood was brightened by the possibility of US stimulus, as it so often has been this year despite consistent disappointment. More on that below. Financials were not the biggest mover (+0.8%) but waved the flag for stimulus. There’s not a lot of correlation between Us and Them really, except through bond yields. Technology...