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Proactive analyst raises concerns over 'dwindling gold reserves' by the majors

Proactive's mining analyst, Dr Ryan Long, takes a look at the gold majors, who have got themselves into what he describes as an uncomfortable position.

He says the relatively low proven and probable reserves they have means that at current production rates, the gold majors only have an average visibility on the next twenty-two years of production - 25% below 2011 and 2012 levels.

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Perseus Mining acquiring fellow West African gold company Exore Resources

Perseus Mining Limited (ASX:PRU) (TSE:PRU) (OTCMKTS:PMNXF) and the board of Exore Resources Ltd (ASX:ERX) (OTCMKTS:NLIOF) have agreed to an arrangement whereby Perseus will acquire 100% of Exore by way of a scheme of arrangement, subject to shareholder approval and court approval. Perseus...

2 hours, 1 minute ago

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