ASX Announcements
September
ASX-listed gold miner places near $100 million bet on African project
Australia’s largest African-focused gold miner has increased its bet on a Guinean project, giving the company the option to lob a takeover.
- Elouise Fowler
March
Perseus prevails in $270m bidding war over Tanzanian gold project
After seven months, the board of OreCorp has flipped its support and recommended shareholders back the takeover over a bid from Canada’s Silvercorp Metals.
- Updated
- Peter Ker
Perseus boss says gloves are off in $270m gold takeover battle
The gold miner has won over the board and major shareholders of OreCorp with a sweetened takeover offer.
- Brad Thompson
Perseus raises stakes in $258m OreCorp gold bidding war
The battle for OreCorp just got punchier, with bidder Perseus refusing to sell into a rival offer and querying what was promised to the Tanzanian government.
- Peter Ker
Tanzanian government looms large over OreCorp takeover stalemate
OreCorp’s backers are seven months out from Silvercorp’s opening shot and nowhere near seeing a payday from either party.
- Sarah Thompson, Kanika Sood and Emma Rapaport
February
Perseus eyes Newmont’s gold mine for sale
Newmont will sell six gold mines across Australia, Ghana and North America, and the fourth-biggest ASX gold producer is throwing its hat in the ring.
- Peter Ker
January
Perseus stokes $258m gold bidding war
A bidding war has erupted around African gold explorer OreCorp and directors appear to be favouring the lower priced bid.
- Peter Ker
November 2023
Euroz corrals OreCorp sellers, Perseus buys 15pc stake
Of note, Perseus’ strategy is to be diversified across various African nations to mitigate against sovereign risk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Six ways to profit from rising gold price
The precious metal has shrugged off a strong US dollar and surging bond yields, signalling renewed strength.
- Tom Richardson
October 2023
Rio Tinto in $157m first shout for Simandou
Rio Tinto has demonstrated strong faith in its Simandou partners by providing $US100 million of liquidity to the project until formal funding deals are struck.
- Peter Ker
September 2023
Rising gold star Perseus shakes up mining’s establishment
The miner has outperformed Northern Star and Evolution Mining on most financial metrics. What will it take for investors to get onboard?
- Peter Ker
July 2023
Gold miner Perseus’ $771m cash dilemma
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.
- Peter Ker
April 2023
Meet the gold miner intent on proving the Burkina bears wrong
There are plenty of things to worry about in Burkina Faso. But one Australian company proves that profitability of the nation’s gold mines isn’t one of them.
- Peter Ker
August 2022
Gold’s rising and fallen stars cross paths in reporting season finale
St Barbara’s stunning fall from grace since a poor 2019 acquisition has been matched only by the stunning rise of a gold miner that nailed its growth plans.
- Peter Ker
March 2022
Can the ‘Wild West’ of ethical investment be tamed?
The agencies that rate companies’ ESG credentials are unregulated, inconsistent and increasingly in demand. No wonder regulators have set their sights on them.
- Peter Ker
February 2022
Gold star Perseus goes $216m deeper into Africa
Perseus shares have outperformed most Australian gold stocks over the past year and now the miner will use its strong scrip to buy a Sudanese gold project.
- Peter Ker
All the profit results for February 23, 2022
Results briefing | News and analysis on today’s profit results from Woolworths, WiseTech, APA, Carbon Revolution, Charter Hall Retail, Coronado, Domino’s Pizza, Healius, HT&E, Karoon Energy, McPherson’s, Pilbara Minerals, Scentre, Stockland, Wagners, Worley and Ventia Services.
September 2021
Australian miners brace as Guinea flares
Guinea’s ability to challenge Australia’s iron ore industry is in fresh doubt and KPMG reckons companies face an era of heightened geopolitical risk.
- Peter Ker
August 2021
African adventure bears fruit for rising star Perseus
As Australian gold rivals make slow progress in the comfort of North America, Perseus’ African adventure has produced record profits and a maiden dividend.
- Peter Ker
October 2020
ASX falls 0.7pc; Afterpay leads tech rally; Zip deal 'significant'
The sharemarket finished 0.7 per cent lower as BHP, CSL and Commonwealth Bank offset gains in Afterpay. Afterpay gained 4.5 per cent after inking a deal with Westpac. Tech stocks rallied for a third straight session.
- Updated
- Robert Guy, Vesna Poljak, William McInnes, Luke Housego and Tom Richardson