Perseus sells Montage Gold stake for $61M
Perseus Mining (ASX, TSX: PRU) has divested its equity stake in Canada’s Montage Gold (TSXV: MAU) for $61.4 million to help finance an investment in a Guinea gold project. The…
Perseus Mining
Westgold-Karora merger creates top five Australian gold miner
Australia’s Westgold Resources (ASX: WGX) and Canada’s Karora Resources (TSX: KRR) completed their planned merger on Friday, creating a dual listed miner that sits among Australia’s top five producers. The combined…
OreCorp rebuffs latest takeover bid as Perseus-Silvercorp battle rages
OreCorp (ASX: ORR) has rejected Perseus Mining’s (TSX: PRU; TSX: PRU) new takeover bid as it battles Silvercorp Metals (TSX: SVM; NYSE: SVM) to obtain the Nyanzaga gold project in Tanzania. “The…
Silvercorp again hikes takeover offer for OreCorp
Canada’s Silvercorp Metals (TSX: SVM; NYSE: SVM) is boosting its buyout bid for African gold developer OreCorp (ASX: ORR) while competing with Perseus Mining (TSX: PRU; TSX: PRU). Silvercorp, a…
Perseus Mining shares up on increase in West African gold reserves
An update for Perseus Mining‘s (ASX: PRU; TSX: PRU) West African operations has increased resources and reserves by 6% at three of its gold mines. The company operates the Sissingué…
Canadian gold miners post strong Q2 performance
A number of gold companies released record operating and financial results after Wednesday’s market close. Agnico-Eagle, Alamos Gold, New Gold, Perseus Mining, and Westgold Resources all reported impressive figures, beating…
Is it time to buy deflated gold stocks?
It’s been a tough few weeks for the gold bulls. It was only two months ago they were screaming from the roof calling for a gold ‘break-out’ into all new…
West African Resources order mills for Kiaka in Burkina Faso
West African Resources (ASX: WAF) acquired 90% of the Kiaka gold project in Burkina Faso from B2Gold (TSX: BTO; NYSE-AM: BTG) in November 2021 and says it plans to start…
TSX gains during Oct. 14–21 as inflation starts to slow
Markets were higher over the week as investors searched for a bottom to recent falls, anticipating that central banks won’t continue interest rate hikes for too much longer now that…
Perseus Mining becomes sole owner of Orca Gold in $198M deal
Australian gold producer Perseus Mining (TSX: PRU; ASX: PRU) is buying the shares it doesn’t already own in Africa-focused Orca Gold (TSXV: ORG) in an all-stock deal worth $198 million…
Perseus Mining secures key stakes in two African gold assets
Perseus Mining (TSX: PRU; ASX: PRU) has struck a deal to acquire a 15% stake in Canadian junior Orca Gold (TSX: ORG) from Resolute Mining (ASX: RSG), which will give…
Perseus pours first gold at Yaouré mine
Perseus Mining (TSX: PRU; ASX: PRU) has successfully completed the first pourof gold at its Yaouré Gold mine in Côte d’Ivoire, five weeks ahead of schedule. With construction of the…