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Perseus's golden update

Depending on one’s view, Perseus Mining’s (AU:PRU) timing could be considered great, or awful. On the day the gold price plunged to a 10-month low, the West Africa-focused yellow metal miner cut production, increased its cost guidance and published a downward resource revision for its most advanced project.

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Waste stripping at the Fetish open pit at Edikan, in Ghana, is complete

The company took a positive line in its activities update announcement, but the fact remains, it is looking like 2016 will be a loss-making year with lower-than-expected production and