No 1 source of global mining news and opinion
The Perth-based miner’s holding in Predictive Discovery has grown to 19,9%, following an initial acquisition of a 13.82% interest in August. Despite the move, Perseus noted it had “no current intention” of seeking control or launching a takeover bid for the gold exploration company.of a gold asset in Tanzania through its acquisition of OreCorp, with a focus on bringing the Nyanzaga project into production by early 2027.
Predictive is securing government permits for its flagship Bankan gold asset in Guinea, where it expects to begin production in 2028. The project has a mineral resource of 5.4 million ounces and a potential production of 270,000 ounce per year. Predictive, which describes the Bankan gold discovery as the largest in the region in a decade, is working on a feasibility study for the asset, with the obtention of a mining permit targeted for next year.
Before Perseus acquired an interest, asset managers BlackRock Inc. and T. Rowe Price Group Inc. were Predictive’s biggest and third-biggest shareholders, respectively. Perseus operates three gold mines in Ghana and Ivory Coast and has gold projects in development in Tanzania and Sudan.Citi says US election risk will keep metals contained for nowBullion rose 0.8% on Thursday following a report that showed US companies added the fewest jobs last month since the start of 2021.The mine, in the Hunter Valley region, was placed on care and maintenance in late 2006 because of operational difficulties and lower coal prices.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Perseus takes stake in Guinea-focused minerNo 1 source of global mining news and opinion
Read more »
Crypto Mining 2025. AI Mining and ASIC SharesCrypto Mining 2025. AI Mining and ASIC Shares
Read more »
Perseus gets $45m cash injection with sale of Montage Gold stakeNo 1 source of global mining news and opinion
Read more »
Exploring Cloud Mining: A Simplified Approach with KK MinerExploring Cloud Mining: A Simplified Approach with KK Miner
Read more »
Bitcoin Mining Is So Rough a Miner Adopted Michael Saylor's Successful BTC StrategyAoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Read more »
Communities appeal Simandou environmental permits in Guinea Supreme Court No 1 source of global mining news and opinion
Read more »