UK 18:49 Sunday, 8 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
West African gold play Aureus Mining (AUE) reckons the latest fall in oil prices could shave some $30 (£20) off estimated all-in cash costs at its flagship New Liberty gold project in Liberia, where the AIM-quoted company expects the first gold pour in May, with fill capacity to be reached in July. That would take costs to $820 an ounce for New Liberty, if oil’s present weakness persists, against a current gold price of $1,276.95c an ounce and would provide a helpful boost to returns from the project, which Aureus expects to produce at a rate of 119,000 oz. a year by open pit mining for the first six years of an anticipated mine life of eight years.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
turbograndad
Rob
Should imagine that Aureus needs all the good news it can take, but am afraid this would still be a pass for me, plenty of other fish in the sea without ??????.