Perseus opens the taps on shareholder returns
PERSEUS Mining has unveiled a more generous dividend policy after record cash generation in its 2026 financial year, promising shareholders a minimum 20% of operating cash flow…
West African miner Perseus extends buy-back
SHARES in Perseus Mining surged over 8% on Monday after the West African gold miner approved a A$50m increase in its share buy-back programme. This was after completing A$100m in…
Zhaojin targets African gold mines as M&A heats up
CHINA’S Zhaojin Mining Industry is scouting for gold mine acquisitions in Africa, Central Asia and the Asia Pacific, with West African countries including Côte d’Ivoire, Ghana…
Resolute greenlights $516m Côte d’Ivoire gold mine
RESOLUTE Mining has given the final thumbs up for its $516m Doropo project in Côte d’Ivoire, scoped in a recent feasility study to produce an average of 169,000 ounces of gold a…
Lundin family bet on Montage Gold delivers 2,000% return
A C$17.5M investment by the Lundin family in Canadian-listed Montage Gold has generated a return of more than 2,000% in under two years owing to surging bullion prices and…
Niger airport attack perilously close to uranium stockpile
UNIDENTIFIED assailants launched an assault on Niger’s capital that brought them perilously close to concentrated uranium powder stored at a military facility adjacent to…
Endeavour CEO says West Africa still key to future
ENDEAVOUR Mining said it was committed to West Africa despite signing a joint venture to look for gold in Kazakhstan, and mining code uncertainty in the region. The JV with East…
Quartermaine announces retirement from Perseus Mining
JEFF Quartermaine will step down as MD of Perseus Mining on September 30 after more than a decade leading the African gold producer. The veteran executive joined the Perth-based…
Barrick wants deal with Mali rather than “badly run legal fight”
THE shutdown of Loulo-Gounkoto in Mali was weighed heavily on Barrick Mining Corp.’s first quarter with its CEO Mark Bristow saying he’d prefer a negotiated settlement with the…
Cockerill warns West Africa not to follow SA’s mining code
ENDEAVOUR Mining CEO Ian Cockerill has warned West African nations not to repeat the mistakes of South Africa by introducing regulations that will hurt long-term investment.…
Endeavour to increase focus on “supplemental returns”
IAN Cockerill, CEO of Endeavour Mining, said the company will increase its focus “on supplemental returns” following a one-fifth leap in third quarter free cash flow. The West…
Allied raises $53m in gold streaming deal with Triple Flag
ALLIED Gold Corp. said on Thursday it had sold forward gold production until 2027 in a streaming deal with Triple Flag International, raising $53m for its West African mines.…
Cockerill takes helm at Endeavour after CEO dismissed for “serious misconduct”
ENDEAVOUR Mining announced Ian Cockerill would take over running of the company after firing its CEO of seven years Sébastien de Montessus for “serious misconduct”. The gold…
Perseus to move into underground mining as extends Yaouré to 2035
PERSEUS Mining will mine underground for the first time as part of the life extension of Yaouré, an operation in Côte d’Ivoire. The Australian-listed company announced on Monday…
Horgan says Centamin share rerating is a platform for deals but dismisses “a spending spree”
CENTAMIN CEO Martin Horgan said a rerating in the company’s share price had created a platform for mergers and acquisitions, but he added that deals “were incredibly hard to…
Centamin given green light to appeal 2011 challenge to Sukari Concession Agreement
CENTAMIN, the UK listed gold producer, said today it would resume an appeal against the loss of a concession agreement that had been challenged by a third party in 2011. This was…