Latest news with #Perseus
Hamilton Spectator
4 days ago
- Business
- Hamilton Spectator
Perseus Mining Appoints Additional Non-Executive Director
Perth, June 18, 2025 (GLOBE NEWSWIRE) — perseus mining appoints additional independent non-executive director to its board Perth, Western Australia/June 18, 2025/ Perseus Mining Limited (ASX/TSX:PRU) ('Perseus' or 'the Company') is pleased to advise that Mr James (Jim) Rutherford has agreed to join the Board of Perseus in the role of non-executive, independent Director and will take up this position with immediate effect. Jim is a seasoned investment professional with over 25 years of experience in investment management and banking, specialising in the global mining and metals sector. He has extensive international experience and brings considerable financial and corporate insight to the Board. Between 1997 and 2013, Jim was Senior Vice President at Capital Group, a long-established US investment firm, where he had responsibility for investing in the global mining and metals sector. Prior to that, he was Vice President at HSBC James Capel in New York, responsible for covering the Latin American mining industry and also worked at Credit Lyonnais Securities. Currently, he is a director of Manara Minerals Investment Co., a joint venture between the Saudi Arabian Mining Company (Ma'aden) and the Public Investment Fund (PIF) and is a non-executive director of Ecora Resources plc, positions he has held since 2023 and 2019 respectively. Earlier this year, he was also appointed as a non-executive director of Minera Cobre de Colombia, a private company that is focused on copper exploration in Colombia. From 2013 to 2020, he served as a non-executive director of Anglo-American plc, the UK-listed diversified mining group, and in 2020 was appointed Non-Executive Chairman of the gold producer Centamin plc, a role he held until late 2024. He was also Lead Independent Director of GT Gold from 2019 until its acquisition by Newmont in 2021 and, prior to that, was a Non-Executive Director and then Chairman of Dalradian Resources from 2015 to 2018. He received his Bachelor of Science in Economics and Computer Science from Queen's University, Belfast (UK) and gained his Master of Arts in Development Economics from the University of Sussex (UK). He is also an alumnus of the London Business School. Jim has also been active throughout his career in the non-profit sector and is currently a member of the Advisory Board of Queen's University Belfast Business School and a member of the Board of Governors of the Royal Belfast Academical Institution. Perseus's Non-Executive Chairman Rick Menell said: 'On behalf of the Board of Perseus, I am delighted to welcome Jim Rutherford to the Board of our Company at a pivotal time in our growth. Jim brings extensive experience in the resources sector, and his expertise in financial markets will be invaluable as we execute our strategy and continue to create long-term value for our stakeholders. His broad knowledge of the mining industry, across multiple commodities and jurisdictions, including Africa, will be a strong complement to the Perseus leadership team as we pursue our ambitions to become a leader of the gold mining industry on the continent. Jim's appointment forms part of our ongoing Board renewal process. The Board is currently considering the appointment of an additional director with specific geological expertise to further strengthen its capability' This market announcement was authorised for release by Jeff Quartermaine, Perseus's Managing Director and Chief Executive Officer.
Business Insider
5 days ago
- Business
- Business Insider
‘A Screaming Buy,' Says Investor About Nvidia Stock
Nvidia (NASDAQ:NVDA) has long been the market's golden child, and the past two months only reinforce that reputation. The stock has surged 38%, catapulting the AI powerhouse back into the ranks of Wall Street's two most valuable companies. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter That momentum is backed by fundamentals. Nvidia's latest earnings report made it clear the company's growth engine is still firing on all cylinders, with promising new revenue streams emerging from GCC markets, particularly Saudi Arabia. Yet, despite the strong fundamentals, the rapid run-up in the stock price leaves some investors questioning whether now is the right time to buy – or if they've already missed the boat. Don't fret too much about it, advises one investor, known by the pseudonym Perseus Perspectives, who sees the recent strength as a setup for further upside. 'Nvidia Corporation's valuation is highly attractive, with strong EPS growth and profitability outpacing peers, making it a compelling entry point,' the investor opined. Backing that view, Perseus points to Nvidia's unmatched fundamentals and CEO Jensen Huang's ability to offset Chinese market restrictions with new international demand. From Saudi Arabia to the UAE and beyond, the investor sees sovereign customers as a powerful and growing revenue source. Despite the recent rally, Perseus notes that Nvidia's share price has remained relatively flat on a year-to-date basis. In his view, that disconnect from the company's steadily rising EPS suggests the stock still has a meaningful upside ahead. 'As a result of the lack of action in the price, the earnings growth has meant the valuation of the stock looks outright cheap,' adds Perseus. 'Its P/E ratio is very low by the company's own history.' The investor believes this sets Nvidia up nicely for the second half of 2025 and in the years ahead. In fact, Perseus even mentions a $10 trillion valuation in the next decade as a real possibility. 'The sheer profitability of the company is a marvel and despite being one of the most valuable companies in the world today I think the runway remains in place for years to come,' concludes Perseus Perspectives, who rates NVDA shares a Strong Buy. (To watch Perseus Perspectives' track record, click here) Wall Street clearly shares the enthusiasm. Out of 40 analyst reviews, 35 say Buy, 4 recommend Hold, and only 1 suggests Sell, giving Nvidia a Strong Buy consensus. The 12-month average price target of $172.36 implies potential gains of 19% from current levels. (See ) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Business Upturn
11-06-2025
- Business
- Business Upturn
Perseus Mining Announces 5 Year Gold Production Outlook
By GlobeNewswire Published on June 11, 2025, 03:40 IST Perth, June 11, 2025 (GLOBE NEWSWIRE) — Perth, Western Australia/ June 11, 2025/ Perseus Mining Limited (ASX/TSX: PRU) (Company) is pleased to provide its gold production and All-In Site Cost (AISC) outlook for the five-year period from FY26 to FY30 inclusive for its portfolio of mines located in Ghana, Côte d'Ivoire and Tanzania. The Five-year Operating Outlook incorporates the updated planning outlook for each of Perseus's three existing operations based on planning assumptions reflecting current operating conditions. It also takes into account Final Investment Decisions (FID) for the CMA underground mining operation at the Yaouré Gold Mine in Côte d'Ivoire (see ASX announcement 'Perseus Mining takes Final Investment Decision on CMA underground project at Yaouré' dated 28 January 2025), as well as the development of the Nyanzaga Gold Project (NGP) in Tanzania (see ASX announcement 'Perseus Mining proceeds with development of the Nyanzaga Gold Project' dated 28 April 2025). HIGHLIGHTS Perseus expects to recover at total of 2.6Moz – 2.7Moz of gold with average gold production from the four operating mines of approximately 515koz – 535koz per annum in the five-year period to the end of FY30. The weighted average AISC over the five-year period is forecast to be US$1,400/oz – US$1,500/oz with not more than ±10% change year-on-year over the period, emphasising the benefit of our portfolio approach to asset management. Total development capital of ~US$878M that has been allocated to the operating assets during the period to achieve this production outlook is excluded from the AISC estimate. At a long-term gold price of US$2,400/oz, Perseus's cash operating margin is expected to consistently exceed US$500/oz at all mines over the five-year period. In some cases, it is significantly higher. The five-year outlook is underpinned by a high level of geological and technical confidence with 93% of the gold ounces in the mine plan comprising existing Ore Reserves with the remaining 7% from Measured or Indicated Mineral Resources. Inferred Mineral Resources and other upside projections of mineralisation were specifically omitted from Perseus's five-year outlook. The five-year outlook reinforces Perseus's commitment to the three core components of its capital allocation policy, namely: maintenance of a resilient balance sheet, delivery of strong, consistent operational performance and careful deployment of discretionary capital for growth and capital returns to shareholders. Perseus's CEO and Managing Director, Jeff Quartermaine said: ' In FY22, Perseus's gold production reached approximately 500,000 ounces for the first time and set in train our ambition to maintain or exceed this level of production on a consistent basis going forward. Perseus's decision in 2023 to defer development of its Meyas Sand Gold Project in Sudan and pivot towards acquisition and development of the Nyanzaga Gold Project, will lead to a short term shortfall in 2026 and 2027 relative to this target. From the five-year outlook published today, it is clear that this is a temporary setback and that Perseus's strategy of consistently producing between 500,000 to 600,0000 ounces of gold per year at a cash margin of not less than US$500 per ounce, is eminently achievable. With cash and undrawn debt capacity currently exceeding US$1.1 billion, Perseus is fully funded to not only deliver the five-year outlook as presented today but also consider a prudent mix of future growth opportunities beyond the current plan, as well as generous returns to shareholders '. Group Outlook Perseus's five-year outlook delivers on the Company's strategy of building a sustainable, geopolitically diversified, African-focused gold business of three to four operating mines that produce between 500koz to 600koz of gold per annum at a cash margin of not less than US$500/oz. As part of its annual planning cycle, the Company has reassessed the growth opportunities available within its portfolio with the approach of optimising the portfolio rather than focussing on fixed investment targets for each asset. In this way, the Company has sought to find the balance between investment in growth opportunities and the cash margin generated by the business. Average gold production for the group over the five-year period is 515koz – 535koz per annum for a total of 2.6Moz – 2.7Moz with Yaouré contributing 34%, Edikan contributing 28% and Sissingué contributing 10%. Based on the current schedule, the recently committed NGP in Tanzania is anticipated to provide 28% of the metal production for the portfolio over the next 5 years. The Company's weighted average AISC over the five-year outlook is estimated at US$1,400/oz – US$1,500/oz. AISC rises slightly in the first two years, driven by lower production base. In FY28, the integration of lower-margin ore sources into the mine plan contributes to a slight increase in AISC. The portfolio's diverse production base allows AISC to remain within ±10% of the five-year average on a year-to-year basis. Figure 1 Perseus Group five-year gold production and AISC cost outlook The Company has strong confidence in its ability to deliver on this five-year outlook, which is underpinned by a mine plan with high geological and technical certainty, with 93% of the production ounces forming part of the existing Ore Reserves with the remaining 7% from Measured or Indicated Mineral Resources (as detailed in ASX announcement ' Perseus Mining updates Mineral Resources and Ore Reserves ' dated 21 August 2024). Nyanzaga Ore Reserves are detailed in ASX announcement ' Perseus Proceeds with Development of Nyanzaga Gold Project ' dated 28 April 2025. The Company will provide an update to the Mineral Resource and Ore Reserve statement in August 2025, in line with its annual disclosure. Incremental production included in the mine plan at Yaouré, Edikan and Sissingué comes from well-understood deposits with a proven operating history. This production does not require significant additional infrastructure or capital beyond the investment necessary to access the mineralisation. Table 1 Five-year production outlook, AISC and development capital forecast ASSET TOTAL PRODUCTION 5-YEAR OUTLOOK AISC 5-YEAR RANGE1 TOTAL DEVELOPMENT CAPITAL 5-YEAR Yaouré 870koz – 905koz $1,480/oz – $1,580/oz US$170M2 Nyanzaga 725koz – 750koz $1,230/oz – $1,330/oz US$523M3 Edikan 720koz – 750koz $1,450/oz – $1,550/oz US$180M4 Sissingué 265koz – 275koz $1,580/oz – $1,680/oz US$5M TOTAL 2,580koz – 2,680koz $1,400/oz – $1,500/oz US$878M 1) AISC includes sustaining capital but excludes development capital 2) Yaouré Development capital relates to capitalised underground development and includes US$21M forecast to be incurred to 30 June 25 3) Includes development and pre-production capital cost incurred post-FID up to first gold pour. In addition it includes US$38M forecast to be incurred to 30 June 25 4) Development capital relates to capitalised waste stripping costs at Esuajah North and Fetish deposits and development capital for ESS Underground Table 2 Portfolio key production indicators by year Key Production Indicators Units FY26 FY27 FY28 FY29 FY30 5-year totals Open Pit Ore Mined – Open pit Mt 11.7 12.2 14.8 17.1 10.5 66.2 Ore Grade Mined – Open pit g/t 1.10 1.06 1.18 1.25 1.41 1.20 Total Mined – Open pit Mt 52.9 103.0 102.6 87.1 63.4 409.1 Strip Ratio t:t 3.54 7.43 5.93 4.10 5.05 5.18 Underground Ore tonnes – Underground Mt 0.2 0.6 1.0 2.1 2.0 5.8 Ore Grade Mined – Underground g/t 3.51 3.36 3.13 1.27 1.48 1.94 Total Tonnes Mined – Underground Mt 0.5 0.9 1.5 2.6 2.1 7.6 Milling Ore Milled Mt 12.7 14.5 16.5 15.8 12.8 72.3 Ore Grade Milled g/t 1.18 1.10 1.26 1.37 1.42 1.27 Recovery % 85% – 90% 85% – 90% 85% – 90% 85% – 90% 85% – 90% 85% – 90% Gold Produced koz 420-440 450-470 590-610 610-630 510-530 2,580-2,680 Capital Allocation Perseus is in a strong financial position, with a resilient balance sheet and an operational portfolio that continues to safely and efficiently generate reliable operational cash flow. This allows the Company to look to deploy operating cashflow to shareholders and other stakeholders in the business. Figure 2 summarises Perseus's capital allocation priorities. Figure 2 Perseus capital allocation priorities The five-year outlook is the result of a systematic process to assess and prioritise internal growth opportunities to ensure the portfolio continues to deliver strong operating margins over the long term. The deployment of capital within the business complements existing capital management strategies, including a share buyback programme and the payment of dividends. While Perseus continues to consider inorganic growth opportunities, these are required to compete rigorously for discretionary investment and be assessed in the context of overall business risk and delivery of value. By allocating discretionary capital to internal organic growth, Perseus can invest in jurisdictions where it has an established operating presence, on known geological terranes, and with a proven workforce capable of safely and efficiently delivering value. Yaouré Gold Mine The five-year forecast for Yaouré includes mining of the recently started Yaouré open pit and CMA underground as the primary ore sources. Supplementing the primary ore sources, material is also sourced from Zain, CMA Southwest and long-term stockpiles to maximise mill capacity. Figure 3 Yaouré Gold Mine – Percentage five-year metal production by source Yaouré will continue to be a cornerstone asset in Perseus's portfolio, total gold production of 870koz – 905koz and a weighted average AISC of $1,480/oz – $1,580/oz over the five-year outlook. While FY26 sees a reduction in gold produced compared to previous years, the change in production volume was anticipated and is a result of a combination of factors including change in ore characteristics and material sources (as detailed in the ASX announcement ' Perseus extends life of the Yaouré Gold Mine to 2035' dated 18 September 2023). Table 33 Yaouré key production indicators, five-year outlook KEY PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5-YEAR OUTLOOK Open Pit Ore Mined – Open pit Mt 4.3 2.8 3.7 5.7 2.6 19.2 Ore Grade Mined – Open pit g/t 1.06 1.08 0.98 0.99 1.14 1.04 Total Mined – Open pit Mt 26.1 28.6 30.5 27.9 12.2 125.2 Strip Ratio t:t 5.02 9.15 7.17 3.90 3.70 5.53 Underground Ore tonnes – Underground Mt 0.2 0.6 0.8 0.8 0.8 3.2 Ore Grade Mined – Underground g/t 3.51 3.36 3.43 3.33 3.80 3.49 Total Tonnes Mined – Underground Mt 0.5 0.9 1.1 0.9 0.8 4.1 Milling Ore Milled Mt 3.7 3.8 3.6 3.4 3.4 17.9 Ore Grade Milled g/t 1.66 1.43 1.69 1.89 1.85 1.70 Following FID on the CMA underground operation in January 2025, the project is due to cut the first of four underground portals in Q1 FY26. The expansion to include underground operations allows further exploitation of the CMA deposit, which has proven to be a reliable and well understood geological domain of the Yaouré operation to date. At steady state production, it is planned that underground ore will represent approximately 20% of the tonnes of ore mined on the site from both open cut and underground operations. Since approving FID, Perseus has worked with its mining contractor to further develop the mine schedule ahead of commencement of underground operations in Q1 FY26. This milestone is aligned to the project schedule detailed in ASX announcement ' Perseus Mining takes final investment decision on CMA Underground Project at Yaouré ' dated 28 January 2025. As of this update, changes to the underground schedule have resulted in the development capital allocated for the CMA underground increasing by 36% from the approved US$124.6M to US$170M. Development capital for CMA Underground has increased due to bringing forward underground development into the pre-commercial production period and updated capitalisation methodology to include royalties and G&A previously expensed. Further optimisation of the Yaouré life of mine plan is scheduled as several on-lease targets are assessed as part of the regular mine planning process. Nyanzaga Gold Mine Nyanzaga is forecast to be the lowest cost operation in the Perseus's portfolio. Gold production totals 725koz – 750koz, with peak metal output in FY28 over the five-year outlook. The weighted average AISC ranges between US$1,230/oz – US$1,330/oz. Nyanzaga's increasing contribution to Perseus's portfolio underscores the decision to acquire and proceed with project development. During the five-year period, all of the Nyanzaga's Kilimani pit is mined providing initial ore supply to the mill with the remainder of the material sourced from the main Nyanzaga deposit. All material mined is part of the stated Ore Reserve (see ASX announcement 'Perseus Mining proceeds with development of the Nyanzaga Gold Project' dated 28 April 2025 ). Total gold production over Nyanzaga's current 11-year life of mine, Phase 1 mine production is currently estimated to be 2.01 Moz based on a JORC 2012 Probable Ore Reserve of 52.0 Mt @ 1.40 g/t gold for 2.3 Moz. The development capital cost for the plant and site infrastructure is estimated at US$472M inclusive of US$49M of contingency, and pre-production capital of US$51M, giving a total capital cost to first gold pour of US$523M. Table 44 Nyanzaga key production indicators – five-year outlook KEY PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5 YEAR OUTLOOK Open Pit Ore Mined – Open pit Mt – 1.8 6.3 6.2 6.2 20.5 Ore Grade Mined – Open pit g/t – 1.02 1.37 1.39 1.25 1.31 Total Mined – Open pit Mt 1.0 31.1 47.2 47.2 48.9 175.4 Strip Ratio t:t – 16.74 6.51 6.56 6.84 7.55 Milling Ore Milled Mt – 1.8 6.1 5.7 5.6 19.1 Ore Grade Milled g/t – 1.02 1.40 1.47 1.32 1.37 As previously advised, Perseus has committed to completing a second round of infill drilling at Nyanzaga, involving a number of drilling programmes aimed at confirming the tenor of the current mineralisation and testing extensions of the known mineralisation. Results received to date have been compelling and Perseus is expected to update the Mineral Resource and Ore Reserves (MROR) in Q1 FY27, in line with our annual MROR update. Edikan Edikan's updated five-year outlook combines mining from the existing Nkosuo deposit and the commencement of a cutback of the Esuajah North pit, along with the second phase of mining at the Fetish pit, following completion of mining of the first phase in April 2025. Total gold production over this period is expected to be 720koz – 750koz, with a weighted average AISC of around US$1,450/oz – US$1,550/oz per ounce. Figure 4 Edikan Gold Mine – Percentage five-year metal production by source Both Fetish and Esuajah North cutbacks have been incorporated into the updated five-year plan, reflecting the opportunity to extend Edikan's mine life at an incremental AISC. Together, the Fetish and Esuajah North cutbacks attract capitalised waste stripping costs of $168M but contribute ~200koz of production to Edikan's mine life and diversify the ore availability in the plan. Table 55 Edikan key production indicators – five-year outlook KEY PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5 YEAR OUTLOOK Open Pit Ore Mined – Open pit Mt 5.7 6.4 4.3 4.5 1.4 22.4 Ore Grade Mined – Open pit g/t 0.90 0.90 0.92 1.24 2.44 1.07 Total Mined – Open pit Mt 15.6 34.2 16.9 8.0 1.8 76.6 Strip Ratio t:t 1.73 4.36 2.95 0.78 0.23 2.43 Underground Ore tonnes – Underground Mt – – 0.2 1.3 1.2 2.7 Ore Grade Mined – Underground g/t – – 1.68 1.82 2.08 1.93 Total Tonnes Mined – Underground Mt – – 0.5 1.7 1.3 3.5 Milling Ore Milled Mt 7.4 7.5 5.4 5.8 3.5 29.7 Ore Grade Milled g/t 0.81 0.84 0.79 0.93 1.14 0.88 In addition to these open-pit sources, Perseus is progressing an updated Feasibility Study for the Esuajah South underground deposit, with a view to bringing this project into production later in the decade. If approved through to development, Esuajah South would become the company's second underground mine and its first such operation in Ghana. The combination of Fetish, Esuajah North, and Esuajah South underground has extended the life of mine plane out to FY32. Perseus remains committed to brownfields exploration on its existing mining leases and exploration licences at Edikan to support ongoing production growth and to extend the Edikan production pipeline over the longer term. Sissingué Sissingué's updated five-year outlook involves the continuation of mining at Sissingué Stage 4 open pit and commencement of new mining areas at Bagoé and Airport West (included in Sissingué in Figure 5 ) in FY26, as well as a Sissingué Stage 5 open pit cutback in FY27. This plan extends Sissingué's mine life to FY30, producing a total 265koz – 275koz of gold at a weighted average AISC of US$1,580/oz – US$1,680/oz over this period. Figure 5 Sissingué Gold Mine – Percentage five-year metal production by source Following an assessment of growth opportunities on site, additional mining inventory was included in the life of mine plan from the Sissingué Stage 5 pit. The addition of the expanded pit in the five-year outlook extends the mine life by approximately 12 months out to FY30, providing a meaningful contribution to Sissingué's production profile from existing mining areas. As part of this assessment other growth options were considered but were not included in the plan, as they require further technical assessment to confirm their economic feasibility. Table 66 Sissingué key production indicators – five-year outlook KEY PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5 YEAR OUTLOOK Open Pit Ore Mined – Open pit Mt 1.6 1.3 0.5 0.6 0.2 4.2 Ore Grade Mined – Open pit g/t 1.94 1.86 2.39 2.18 2.34 2.03 Total Mined – Open pit Mt 10.2 9.1 8.0 4.0 0.6 31.9 Strip Ratio t:t 5.40 6.22 14.86 5.43 1.77 6.60 Milling Ore Milled Mt 1.6 1.5 1.4 1.0 0.3 5.7 Ore Grade Milled g/t 1.83 1.67 1.35 1.68 1.86 1.65 Infill drilling is included in Sissingué's FY26 budget to confirm the mineralisation and design parameters for the Sissingué Stage 5 pit along with further geotechnical and grade control programmes at Bagoé and Airport West that are intended to further reduce operational risk. This market announcement was authorised for release by Perseus's Managing Director and CEO, Jeff Quartermaine . COMPETENT PERSON STATEMENT All production targets referred to in this release are underpinned by estimated Ore Reserves and Measured or Indicated Mineral Resources which have been prepared by competent persons in accordance with the requirements of the JORC Code. Edikan The information in this report that relates to the Mineral Resources and Ore Reserve at Edikan was updated by the Company in a market announcement 'Perseus Mining updates Mineral Resources and Ore Reserves' released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Edikan Gold Mine, Ghana' dated 7 April 2022 continue to apply. Sissingué, Fimbiasso and Bagoé The information in this report that relates to the Mineral Resources and Ore Reserve at the Sissingu é Gold Mine including Fimbiasso and Bagoé was updated by the Company in a market announcement 'Perseus Mining updates Mineral Resources and Ore Reserves' released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Sissingué Gold Project, Côte d'Ivoire' dated 29 May 2015 continue to apply. Yaouré The information in this report that relates to the Mineral Resources and Ore Reserve at Yaour é was updated by the Company in a market announcement 'Perseus Mining announces Open Pit and Underground Ore Reserve update at Yaour é ' released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Yaour é Gold Project, Côte d'Ivoire' dated 19 December 2023 continue to apply. Nyanzaga The information in this report that relates to the Mineral Resources and Ore Reserve at Nyanzaga was updated by the Company in a market announcement 'Perseus Mining proceeds with development of the Nyanzaga Gold Project' released on 28 April 2025 . The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Nyanzaga Gold Project' dated 10 June 2025 continue to apply. CAUTION REGARDING FORWARD LOOKING INFORMATION: This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaouré Gold Mine, the Edikan Gold Mine and the Sissingué Gold Mine without any major disruption, development of a mine at Nyanzaga, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws. ASX/TSX CODE: PRU CAPITAL STRUCTURE: Ordinary shares: 1,362,221,512 Performance rights: 10,056,681 REGISTERED OFFICE: Level 2 437 Roberts Road Subiaco WA 6008 Telephone: +61 8 6144 1700 DIRECTORS: Rick Menell Non-Executive Chairman Jeff Quartermaine Managing Director & CEO Amber Banfield Non-Executive Director Elissa Cornelius Non-Executive Director Dan Lougher Non-Executive Director John McGloin Non-Executive Director CONTACTS: Jeff Quartermaine Managing Director & CEO [email protected] Stephen Forman Investor Relations +61 484 036 681 [email protected] Nathan Ryan Media Relations +61 420 582 887 [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
09-06-2025
- Business
- Yahoo
Change to Perseus's Senior Management Team
Perth, June 10, 2025 (GLOBE NEWSWIRE) -- CHANGE TO PERSEUS'S SENIOR MANAGEMENT TEAM Perth, Western Australia/June 10, 2025/ Perseus Mining Limited (ASX/TSX: PRU) wishes to advise that Ms Amanda Weir has resigned as Chief Operating Officer of Perseus to pursue other opportunities. Ms Weir will formally leave the Company with effect from July 2, 2025. Mr Brett Hartmann, Perseus's current General Manager Operations, will assume responsibilities for the operations, while the Company considers its longer-term leadership options. Mr Hartmann, who has been with Perseus since April 2024, is a key member of the senior leadership team participating in all operating decisions related to the Company's assets. His deep knowledge and understanding of our assets is critical for Perseus to maintain safe steady-state operations while continuing to deliver in line with our market production and cost guidance. Perseus's Managing Director and CEO, Jeff Quartermaine, said: 'On behalf of the Perseus Board and our team, I would like to thank Amanda for her contributions to the Company. Amanda brought a wealth of technical and operational expertise and has guided our operations through recent challenges to establish a platform for the next phase of growth. We wish her all the best in her future endeavours.' This announcement was approved for release by the Managing Director & CEO, Jeff Quartermaine. ASX/TSX CODE: PRUCAPITAL STRUCTURE:Ordinary shares: 1,362,221,512Performance rights: 10,056,681REGISTERED OFFICE:Level 2437 Roberts RoadSubiaco WA 6008Telephone: +61 8 6144 DIRECTORS:Rick MenellNon-Executive ChairmanJeff QuartermaineManaging Director & CEO Amber BanfieldNon-Executive DirectorElissa CorneliusNon-Executive DirectorDan LougherNon-Executive DirectorJohn McGloinNon-Executive Director CONTACTS:Jeff QuartermaineManaging Director & FormanInvestor Relations+61 484 036 RyanMedia Relations+61 420 582 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Tom's Guide
05-06-2025
- Entertainment
- Tom's Guide
This fantasy action sequel just became one of Netflix's most-watched movies — and I'm not sure why
Fantasy fans might have spotted that an epic new action-adventure has crashed the Netflix US top 10 list. "Wrath of the Titans," Jonathan Liebesman's epic swords-and-sorcery follow-up to "Clash of the Titans" recently got added to the streaming service — and it looks to be a hit with subscribers. In just a few days, the sequel has already jumped up to the No. 3 spot in the streamer's most-watched movies list, behind the magical heist thriller "Now You See Me" and Netflix's recent crime thriller, "A Widow's Game". If you'd spotted the movie rising through the ranks and were trying to decide whether to stream "Wrath of the Titans" on Netflix, here's a little more info about the movie, and a quick round-up of critical opinion on the movie to help make up your mind. (spoilers: it's a definite skip from me) Following the box office success of "Clash of the Titans", Warner Bros. brought us another movie loosely inspired by the Greek mythos. Here, we find Perseus (Sam Worthington) attempting to live a quiet life as a fisherman and parent to his young son, Helius. Alas, conflict's brewing between the gods and the Titans, and when Ares (Édgar Ramirez) and Hades (Ralph Fiennes) ally with Titan leader Kronos, Perseus is dragged back into the fray. The traitorous gods make a deal to capture Perseus' father, Zeus (Liam Neeson), prompting the demigod to set off on a perilous journey into the underworld in order to rescue him. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. In addition to all those named above, "Wrath of the Titans" also stars Rosamund Pike, Toby Kebbell, Bill Nighy, Danny Huston, among others. Despite being a massive fantasy fan myself, I can't in good conscience recommend "Wrath of the Titans" unless you're really desperate to stream a loud, overblown swords-and-sorcery story. It's epic in genre and scope, but not exactly in terms of quality. The big draw here should be the action, and while some of the battles are well constructed (if edited in a disorienting manner), others lack real weight because they hinge so much on clashes with hulking beings mostly rendered with CGI. And, viewed through modern eyes, the effects certainly look dated (especially in the obviously made-for-3D viewings moments), and dominate the movie so much, making it quite a relentless and exhausting viewing experience. It wouldn't be as disappointing if "Wrath of the Titans" didn't also boast poor dialogue and stiff performances. And, seeing as practically every streaming service has turned its hand to fantasy at one point, these days, there are far better options out there (check out my round-up of the best fantasy shows on Netflix, for starters). I'm not the only one who wouldn't recommend it, though. As I mentioned, "Wrath of the Titans" doesn't exactly come highly praised. At the time of writing, the fantasy sequel holds a mere 26% critics score on the review aggregator, Rotten Tomatoes, with an audience score of 49% — indicating at best mixed reactions. Empire's Helen O'Hara gave "Wrath of the Titans" a two-star rating, writing: "If even a tenth of the care and attention lavished on the production design and action sequences had been afforded the script, this could have been an adventure of legendary proportions. As it is, this fizzles whenever anyone opens their mouths." Want a second opinion? Well, critic Roger Ebert echoed that take in his own two-star review: ""Wrath of the Titans' is obviously not concerned with plausibility. It lacks a comprehensible story, and you won't need your Cliff Notes on the Greek myths. You get an idea of who the major players are, and then they spend a modest amount of time shouting laughable dialogue at one another while being all but forced off the screen by special effects." Audience reactions on the platform vary wildly; some RT reviewers have "Wrath of the Titans" logged as a 5-star watch or "overhated" as a blockbuster release. Others, meanwhile, describe it as "boring," "forgettable," "cliché" and a "total waste of my time." Not sold on "Wrath of the Titans" after reading those takes? We can still help you find your next Netflix watch; take a look at our list of the best Netflix action movies or our overall round-up of the best movies on Netflix for tons for streaming recommendations.
