Perseus Mining Shares Drop 4% After Buyback
Perseus Mining shares fell 4.2% to A$4.80 in Sydney after a buy-back update failed to boost sentiment, with trading volume at 8.62 million shares. The company disclosed spending A$1.75 million to buy back 347,836 shares on June 5. Gold prices dropped 0.7% as investors awaited U.S. inflation signals. Other Australian gold miners also declined, with Northern Star down 3.3% and Evolution Mining off 3.7%.