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.
North America focussed mineral explorer American West Metals has appointed highly experienced mining executive Daniel Lougher as its new Non-Executive Chairman effective from February next year. Lougher previously served as Managing Director for nickel developer Western Areas, leading the company to a $1.3 billion acquisition by mega miner IGO Limited. He will initially serve as the company's Non-Executive Director from November this year before transitioning to Chairman.
Mineral explorer Kairos Minerals has beefed up its management with Peter Turner to take the reins as Managing Director and Klaus Eckhof taking a seat as Non-Executive Chairman. The addition of the duo reflects the company's commitment to accelerating the exploration campaigns at its WA lithium and gold projects. Turner's appointment will be effective from May 23rd and Eckhof has already commenced his role.
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.
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.
Western Australian companies Chalice Mining and Silver Lake Resources appointed females to their boards this month, ending all-male representation among the ASX 200.
Today's board moves wrap includes Caedmon Marriott, Lincoln Ho, Troy Flannery, Campbell Olsen, Maddison Cramer, Andrew Wackett, Eric de Mori, Elissa Brown, Peter Gilmour, Lisa Wynne, and Steve Harding.
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.
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 see
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.
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.
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.
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.
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.
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.
Perth's top 20 ASX companies hit a big milestone this month, albeit only for one day – for the first time ever, they all had at least one female director. Click through to read about some of the talented women who made this happen.
West Africa-focused gold miner Perseus Mining has locked in $US60 million of debt finance with Macquarie Bank to fund ongoing work at its Sissingue and Edikan mines.
Shares in Perseus Mining tumbled today after the Perth-based gold miner lowered its production guidance for the next six months, on the back of a temporary shutdown at its Edikan operation during the December quarter.
SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.
Local gold and lithium explorer Berkut Minerals has enjoyed steady gains on its first day of trading on the ASX after completing a $3.5 million initial public offering.
IT might not feel like it, but there are early signs of boom conditions forming in some parts of the state's mining industry, with two sectors in particular benefiting from events in the markets for commodities, labour, and capital equipment.
Subiaco-based Perseus Mining has awarded engineering company Lycopodium a $38.4 million contract to carry out work at its Sissingue gold project in Cote D'Ivoire, Africa.
Shares in Tawana Resources were up 84 per cent today as the company moved focus from iron ore to lithium, while three more Western Australian companies announced new moves in the lithium sector as keen market interest in the metal continues.
Gold miner Perseus Mining has announced the biggest capital raising by a Western Australian company for the year, topping the likes of Pilbara Minerals and Gold Road Resources.
Subiaco-based gold miner Perseus Mining has posted a fall in half-year profit to $12 million on the back of the weaker Australian dollar, but grew revenue by 5 per cent.
Michael Bohm will be joining the board of Tawana Resources as a non-executive director from the month of August. Mr Bohm presently sits on the boards of Ramelius Resources and Perseus Mining.
Shares in local gold miners have dominated on the ASX today after the spot price for the precious metal jumped by over 2 per cent overnight to $US1,203.30 an ounce
Subiaco-based gold company Perseus Mining says it will proceed with plans to develop its Sissingue mine in West Africa, following promising results in a revised feasibility study.
Movements in the US dollar and Ghanaian Cedi relative to the Australian dollar have combined with lower gold production and higher costs to drive Perseus Mining into losing territory.
Mining and engineering contractors were the biggest losers today when the S&P Dow Jones rebalanced all of its Australian indices, with RCR Tomlinson one of the few to buck the trend.
