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.
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.