ASX PRU: Gold price rally and strong mine production buoy Perseus
Rising gold prices, strong productivity and civil war in Sudan have left gold miner Perseus with a unique dilemma; how to spend a massive $771 million war chest.
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Rising gold prices, strong productivity and civil war in Sudan have left gold miner Perseus with a unique dilemma; how to spend a massive $771 million war chest.
A ‘Succession-type’ boardroom meeting awaits the gold miners to decide the fate of St Barbara’s Leonora assets.
The Australian gold miner has again rebuffed attempts to buy the Gwalia mine in favour of selling to Genesis Minerals at a lower price.
Just when St Barbara directors thought they were close to striking a deal with Genesis Minerals, rival bidder Silver Lake has given them more work to do.
Genesis Minerals has reached a revised deal with St Barbara to purchase the latter’s Leonora assets in Western Australia for nearly A$600m.