Perseus (PRU) have come out with a production downgrade for the Edikan Gold Mine in Ghana

James Marlay
James Marlay Livewire Markets

Perseus (PRU) have come out with a production downgrade for the Edikan Gold Mine in Ghana. Cash costs are pushing $1,100 an ounce and full year production is going to fall short of the guidance previously given to the market. It is a pretty tough environment for the gold companies at the moment but I don't know if releasing bad news at 7:22pm helps the cause/credibility.

gold Australia equities

Comments

Please sign in to comment on this wire.