Tech firms, publishers and Which? raise fears over new boss at competition regulator
The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable.
The group – which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute – has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA).
Related: New CMA chair will have to assess curbs on his former employer Amazon
Gurr spent nine years at Amazon, including four years running the UK arm, before leaving to become the director of the Natural History Museum in 2020. He was appointed to the CMA last month, replacing the former chair Marcus Bokkerink, who ministers ousted days after Reeves called in the chief executives of UK regulators including the CMA to a meeting at No 11 to pressure them to do more to support growth.
'Following the removal of the CMA chair, and his replacement with a former Amazon executive, we are worried that the UK government is losing sight of its commitment to robust competition enforcement of the digital markets unit (DMU) regime and the CMA's operational independence,' the signatories said in a two-page letter, seen by the Guardian.
Under legislation brought in by the previous government, the competition regulator launched the DMU with powers, which came in to force on 1 January, to set strict new rules on the operations of big tech companies such as Apple, Microsoft, Google and Amazon deemed to have 'strategic market status'.
Signatories of the letter also included professors Derek McCauley and Philip Marsden, the deputy chair of the enforcement decision-making committee at the Bank of England, who were part of the expert panel set up by the Treasury six years ago to investigate the market power of US tech firms.
The review conducted by Jason Furman, Barack Obama's chief economic adviser, concluded that the dominance of the big digital players was curbing innovation and reducing consumer choice and recommended setting up a digital markets unit.
After Gurr's appointment, which unions called a 'slap in the face to workers', the business minister Justin Madders was forced to deny the government was 'in the pocket of big tech'.
The letter states: 'The CMA's independence must be rigorously defended if it is to pursue its mission in the face of aggressive lobbying from tech companies and other vested interests, whose sole aim is to defend the moats protecting their monopoly rents.
'The Labour party has long supported the need for robust and urgent action to tackle monopolisation of the UK's tech sector.'
Gurr has said he will make the CMA's investigations into mergers and takeovers 'simple and rapid' and that a regulatory environment that encouraged the 'greatest possible level of business investment' would be the agency's new 'north star'.
However, Gurr has already been thrust into a potentially awkward situation after the CMA's independent inquiry group said it had found that Amazon and Microsoft's dominance of the cloud computing market could mean British businesses were paying as much as £430m more a year for services than in a 'well-functioning market'.
The inquiry group said the CMA's board, led by Gurr, should use recently acquired digital powers to see whether Amazon and Microsoft should be designated as having 'strategic market status' in cloud services.
If they are deemed to have that status, the inquiry group said the CMA board should look at whether to impose conduct requirements or force other changes.
The CMA has declined to comment on whether Gurr will have to be recused from that decision-making process.
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By GlobeNewswire Published on June 11, 2025, 03:40 IST Perth, June 11, 2025 (GLOBE NEWSWIRE) — Perth, Western Australia/ June 11, 2025/ Perseus Mining Limited (ASX/TSX: PRU) (Company) is pleased to provide its gold production and All-In Site Cost (AISC) outlook for the five-year period from FY26 to FY30 inclusive for its portfolio of mines located in Ghana, Côte d'Ivoire and Tanzania. The Five-year Operating Outlook incorporates the updated planning outlook for each of Perseus's three existing operations based on planning assumptions reflecting current operating conditions. It also takes into account Final Investment Decisions (FID) for the CMA underground mining operation at the Yaouré Gold Mine in Côte d'Ivoire (see ASX announcement 'Perseus Mining takes Final Investment Decision on CMA underground project at Yaouré' dated 28 January 2025), as well as the development of the Nyanzaga Gold Project (NGP) in Tanzania (see ASX announcement 'Perseus Mining proceeds with development of the Nyanzaga Gold Project' dated 28 April 2025). HIGHLIGHTS Perseus expects to recover at total of 2.6Moz – 2.7Moz of gold with average gold production from the four operating mines of approximately 515koz – 535koz per annum in the five-year period to the end of FY30. The weighted average AISC over the five-year period is forecast to be US$1,400/oz – US$1,500/oz with not more than ±10% change year-on-year over the period, emphasising the benefit of our portfolio approach to asset management. Total development capital of ~US$878M that has been allocated to the operating assets during the period to achieve this production outlook is excluded from the AISC estimate. At a long-term gold price of US$2,400/oz, Perseus's cash operating margin is expected to consistently exceed US$500/oz at all mines over the five-year period. In some cases, it is significantly higher. The five-year outlook is underpinned by a high level of geological and technical confidence with 93% of the gold ounces in the mine plan comprising existing Ore Reserves with the remaining 7% from Measured or Indicated Mineral Resources. Inferred Mineral Resources and other upside projections of mineralisation were specifically omitted from Perseus's five-year outlook. The five-year outlook reinforces Perseus's commitment to the three core components of its capital allocation policy, namely: maintenance of a resilient balance sheet, delivery of strong, consistent operational performance and careful deployment of discretionary capital for growth and capital returns to shareholders. Perseus's CEO and Managing Director, Jeff Quartermaine said: ' In FY22, Perseus's gold production reached approximately 500,000 ounces for the first time and set in train our ambition to maintain or exceed this level of production on a consistent basis going forward. Perseus's decision in 2023 to defer development of its Meyas Sand Gold Project in Sudan and pivot towards acquisition and development of the Nyanzaga Gold Project, will lead to a short term shortfall in 2026 and 2027 relative to this target. From the five-year outlook published today, it is clear that this is a temporary setback and that Perseus's strategy of consistently producing between 500,000 to 600,0000 ounces of gold per year at a cash margin of not less than US$500 per ounce, is eminently achievable. With cash and undrawn debt capacity currently exceeding US$1.1 billion, Perseus is fully funded to not only deliver the five-year outlook as presented today but also consider a prudent mix of future growth opportunities beyond the current plan, as well as generous returns to shareholders '. Group Outlook Perseus's five-year outlook delivers on the Company's strategy of building a sustainable, geopolitically diversified, African-focused gold business of three to four operating mines that produce between 500koz to 600koz of gold per annum at a cash margin of not less than US$500/oz. 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In FY28, the integration of lower-margin ore sources into the mine plan contributes to a slight increase in AISC. The portfolio's diverse production base allows AISC to remain within ±10% of the five-year average on a year-to-year basis. Figure 1 Perseus Group five-year gold production and AISC cost outlook The Company has strong confidence in its ability to deliver on this five-year outlook, which is underpinned by a mine plan with high geological and technical certainty, with 93% of the production ounces forming part of the existing Ore Reserves with the remaining 7% from Measured or Indicated Mineral Resources (as detailed in ASX announcement ' Perseus Mining updates Mineral Resources and Ore Reserves ' dated 21 August 2024). Nyanzaga Ore Reserves are detailed in ASX announcement ' Perseus Proceeds with Development of Nyanzaga Gold Project ' dated 28 April 2025. The Company will provide an update to the Mineral Resource and Ore Reserve statement in August 2025, in line with its annual disclosure. Incremental production included in the mine plan at Yaouré, Edikan and Sissingué comes from well-understood deposits with a proven operating history. This production does not require significant additional infrastructure or capital beyond the investment necessary to access the mineralisation. 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In addition it includes US$38M forecast to be incurred to 30 June 25 4) Development capital relates to capitalised waste stripping costs at Esuajah North and Fetish deposits and development capital for ESS Underground Table 2 Portfolio key production indicators by year Key Production Indicators Units FY26 FY27 FY28 FY29 FY30 5-year totals Open Pit Ore Mined – Open pit Mt 11.7 12.2 14.8 17.1 10.5 66.2 Ore Grade Mined – Open pit g/t 1.10 1.06 1.18 1.25 1.41 1.20 Total Mined – Open pit Mt 52.9 103.0 102.6 87.1 63.4 409.1 Strip Ratio t:t 3.54 7.43 5.93 4.10 5.05 5.18 Underground Ore tonnes – Underground Mt 0.2 0.6 1.0 2.1 2.0 5.8 Ore Grade Mined – Underground g/t 3.51 3.36 3.13 1.27 1.48 1.94 Total Tonnes Mined – Underground Mt 0.5 0.9 1.5 2.6 2.1 7.6 Milling Ore Milled Mt 12.7 14.5 16.5 15.8 12.8 72.3 Ore Grade Milled g/t 1.18 1.10 1.26 1.37 1.42 1.27 Recovery % 85% – 90% 85% – 90% 85% – 90% 85% – 90% 85% – 90% 85% – 90% Gold Produced koz 420-440 450-470 590-610 610-630 510-530 2,580-2,680 Capital Allocation Perseus is in a strong financial position, with a resilient balance sheet and an operational portfolio that continues to safely and efficiently generate reliable operational cash flow. This allows the Company to look to deploy operating cashflow to shareholders and other stakeholders in the business. Figure 2 summarises Perseus's capital allocation priorities. Figure 2 Perseus capital allocation priorities The five-year outlook is the result of a systematic process to assess and prioritise internal growth opportunities to ensure the portfolio continues to deliver strong operating margins over the long term. The deployment of capital within the business complements existing capital management strategies, including a share buyback programme and the payment of dividends. While Perseus continues to consider inorganic growth opportunities, these are required to compete rigorously for discretionary investment and be assessed in the context of overall business risk and delivery of value. By allocating discretionary capital to internal organic growth, Perseus can invest in jurisdictions where it has an established operating presence, on known geological terranes, and with a proven workforce capable of safely and efficiently delivering value. Yaouré Gold Mine The five-year forecast for Yaouré includes mining of the recently started Yaouré open pit and CMA underground as the primary ore sources. Supplementing the primary ore sources, material is also sourced from Zain, CMA Southwest and long-term stockpiles to maximise mill capacity. Figure 3 Yaouré Gold Mine – Percentage five-year metal production by source Yaouré will continue to be a cornerstone asset in Perseus's portfolio, total gold production of 870koz – 905koz and a weighted average AISC of $1,480/oz – $1,580/oz over the five-year outlook. While FY26 sees a reduction in gold produced compared to previous years, the change in production volume was anticipated and is a result of a combination of factors including change in ore characteristics and material sources (as detailed in the ASX announcement ' Perseus extends life of the Yaouré Gold Mine to 2035' dated 18 September 2023). Table 33 Yaouré key production indicators, five-year outlook KEY PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5-YEAR OUTLOOK Open Pit Ore Mined – Open pit Mt 4.3 2.8 3.7 5.7 2.6 19.2 Ore Grade Mined – Open pit g/t 1.06 1.08 0.98 0.99 1.14 1.04 Total Mined – Open pit Mt 26.1 28.6 30.5 27.9 12.2 125.2 Strip Ratio t:t 5.02 9.15 7.17 3.90 3.70 5.53 Underground Ore tonnes – Underground Mt 0.2 0.6 0.8 0.8 0.8 3.2 Ore Grade Mined – Underground g/t 3.51 3.36 3.43 3.33 3.80 3.49 Total Tonnes Mined – Underground Mt 0.5 0.9 1.1 0.9 0.8 4.1 Milling Ore Milled Mt 3.7 3.8 3.6 3.4 3.4 17.9 Ore Grade Milled g/t 1.66 1.43 1.69 1.89 1.85 1.70 Following FID on the CMA underground operation in January 2025, the project is due to cut the first of four underground portals in Q1 FY26. The expansion to include underground operations allows further exploitation of the CMA deposit, which has proven to be a reliable and well understood geological domain of the Yaouré operation to date. At steady state production, it is planned that underground ore will represent approximately 20% of the tonnes of ore mined on the site from both open cut and underground operations. Since approving FID, Perseus has worked with its mining contractor to further develop the mine schedule ahead of commencement of underground operations in Q1 FY26. This milestone is aligned to the project schedule detailed in ASX announcement ' Perseus Mining takes final investment decision on CMA Underground Project at Yaouré ' dated 28 January 2025. As of this update, changes to the underground schedule have resulted in the development capital allocated for the CMA underground increasing by 36% from the approved US$124.6M to US$170M. Development capital for CMA Underground has increased due to bringing forward underground development into the pre-commercial production period and updated capitalisation methodology to include royalties and G&A previously expensed. Further optimisation of the Yaouré life of mine plan is scheduled as several on-lease targets are assessed as part of the regular mine planning process. Nyanzaga Gold Mine Nyanzaga is forecast to be the lowest cost operation in the Perseus's portfolio. Gold production totals 725koz – 750koz, with peak metal output in FY28 over the five-year outlook. The weighted average AISC ranges between US$1,230/oz – US$1,330/oz. Nyanzaga's increasing contribution to Perseus's portfolio underscores the decision to acquire and proceed with project development. During the five-year period, all of the Nyanzaga's Kilimani pit is mined providing initial ore supply to the mill with the remainder of the material sourced from the main Nyanzaga deposit. All material mined is part of the stated Ore Reserve (see ASX announcement 'Perseus Mining proceeds with development of the Nyanzaga Gold Project' dated 28 April 2025 ). Total gold production over Nyanzaga's current 11-year life of mine, Phase 1 mine production is currently estimated to be 2.01 Moz based on a JORC 2012 Probable Ore Reserve of 52.0 Mt @ 1.40 g/t gold for 2.3 Moz. The development capital cost for the plant and site infrastructure is estimated at US$472M inclusive of US$49M of contingency, and pre-production capital of US$51M, giving a total capital cost to first gold pour of US$523M. Table 44 Nyanzaga key production indicators – five-year outlook KEY PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5 YEAR OUTLOOK Open Pit Ore Mined – Open pit Mt – 1.8 6.3 6.2 6.2 20.5 Ore Grade Mined – Open pit g/t – 1.02 1.37 1.39 1.25 1.31 Total Mined – Open pit Mt 1.0 31.1 47.2 47.2 48.9 175.4 Strip Ratio t:t – 16.74 6.51 6.56 6.84 7.55 Milling Ore Milled Mt – 1.8 6.1 5.7 5.6 19.1 Ore Grade Milled g/t – 1.02 1.40 1.47 1.32 1.37 As previously advised, Perseus has committed to completing a second round of infill drilling at Nyanzaga, involving a number of drilling programmes aimed at confirming the tenor of the current mineralisation and testing extensions of the known mineralisation. Results received to date have been compelling and Perseus is expected to update the Mineral Resource and Ore Reserves (MROR) in Q1 FY27, in line with our annual MROR update. Edikan Edikan's updated five-year outlook combines mining from the existing Nkosuo deposit and the commencement of a cutback of the Esuajah North pit, along with the second phase of mining at the Fetish pit, following completion of mining of the first phase in April 2025. Total gold production over this period is expected to be 720koz – 750koz, with a weighted average AISC of around US$1,450/oz – US$1,550/oz per ounce. Figure 4 Edikan Gold Mine – Percentage five-year metal production by source Both Fetish and Esuajah North cutbacks have been incorporated into the updated five-year plan, reflecting the opportunity to extend Edikan's mine life at an incremental AISC. Together, the Fetish and Esuajah North cutbacks attract capitalised waste stripping costs of $168M but contribute ~200koz of production to Edikan's mine life and diversify the ore availability in the plan. Table 55 Edikan key production indicators – five-year outlook KEY PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5 YEAR OUTLOOK Open Pit Ore Mined – Open pit Mt 5.7 6.4 4.3 4.5 1.4 22.4 Ore Grade Mined – Open pit g/t 0.90 0.90 0.92 1.24 2.44 1.07 Total Mined – Open pit Mt 15.6 34.2 16.9 8.0 1.8 76.6 Strip Ratio t:t 1.73 4.36 2.95 0.78 0.23 2.43 Underground Ore tonnes – Underground Mt – – 0.2 1.3 1.2 2.7 Ore Grade Mined – Underground g/t – – 1.68 1.82 2.08 1.93 Total Tonnes Mined – Underground Mt – – 0.5 1.7 1.3 3.5 Milling Ore Milled Mt 7.4 7.5 5.4 5.8 3.5 29.7 Ore Grade Milled g/t 0.81 0.84 0.79 0.93 1.14 0.88 In addition to these open-pit sources, Perseus is progressing an updated Feasibility Study for the Esuajah South underground deposit, with a view to bringing this project into production later in the decade. If approved through to development, Esuajah South would become the company's second underground mine and its first such operation in Ghana. The combination of Fetish, Esuajah North, and Esuajah South underground has extended the life of mine plane out to FY32. Perseus remains committed to brownfields exploration on its existing mining leases and exploration licences at Edikan to support ongoing production growth and to extend the Edikan production pipeline over the longer term. Sissingué Sissingué's updated five-year outlook involves the continuation of mining at Sissingué Stage 4 open pit and commencement of new mining areas at Bagoé and Airport West (included in Sissingué in Figure 5 ) in FY26, as well as a Sissingué Stage 5 open pit cutback in FY27. This plan extends Sissingué's mine life to FY30, producing a total 265koz – 275koz of gold at a weighted average AISC of US$1,580/oz – US$1,680/oz over this period. Figure 5 Sissingué Gold Mine – Percentage five-year metal production by source Following an assessment of growth opportunities on site, additional mining inventory was included in the life of mine plan from the Sissingué Stage 5 pit. The addition of the expanded pit in the five-year outlook extends the mine life by approximately 12 months out to FY30, providing a meaningful contribution to Sissingué's production profile from existing mining areas. As part of this assessment other growth options were considered but were not included in the plan, as they require further technical assessment to confirm their economic feasibility. Table 66 Sissingué key production indicators – five-year outlook KEY PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5 YEAR OUTLOOK Open Pit Ore Mined – Open pit Mt 1.6 1.3 0.5 0.6 0.2 4.2 Ore Grade Mined – Open pit g/t 1.94 1.86 2.39 2.18 2.34 2.03 Total Mined – Open pit Mt 10.2 9.1 8.0 4.0 0.6 31.9 Strip Ratio t:t 5.40 6.22 14.86 5.43 1.77 6.60 Milling Ore Milled Mt 1.6 1.5 1.4 1.0 0.3 5.7 Ore Grade Milled g/t 1.83 1.67 1.35 1.68 1.86 1.65 Infill drilling is included in Sissingué's FY26 budget to confirm the mineralisation and design parameters for the Sissingué Stage 5 pit along with further geotechnical and grade control programmes at Bagoé and Airport West that are intended to further reduce operational risk. This market announcement was authorised for release by Perseus's Managing Director and CEO, Jeff Quartermaine . COMPETENT PERSON STATEMENT All production targets referred to in this release are underpinned by estimated Ore Reserves and Measured or Indicated Mineral Resources which have been prepared by competent persons in accordance with the requirements of the JORC Code. Edikan The information in this report that relates to the Mineral Resources and Ore Reserve at Edikan was updated by the Company in a market announcement 'Perseus Mining updates Mineral Resources and Ore Reserves' released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Edikan Gold Mine, Ghana' dated 7 April 2022 continue to apply. Sissingué, Fimbiasso and Bagoé The information in this report that relates to the Mineral Resources and Ore Reserve at the Sissingu é Gold Mine including Fimbiasso and Bagoé was updated by the Company in a market announcement 'Perseus Mining updates Mineral Resources and Ore Reserves' released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Sissingué Gold Project, Côte d'Ivoire' dated 29 May 2015 continue to apply. Yaouré The information in this report that relates to the Mineral Resources and Ore Reserve at Yaour é was updated by the Company in a market announcement 'Perseus Mining announces Open Pit and Underground Ore Reserve update at Yaour é ' released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Yaour é Gold Project, Côte d'Ivoire' dated 19 December 2023 continue to apply. Nyanzaga The information in this report that relates to the Mineral Resources and Ore Reserve at Nyanzaga was updated by the Company in a market announcement 'Perseus Mining proceeds with development of the Nyanzaga Gold Project' released on 28 April 2025 . The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Nyanzaga Gold Project' dated 10 June 2025 continue to apply. CAUTION REGARDING FORWARD LOOKING INFORMATION: This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaouré Gold Mine, the Edikan Gold Mine and the Sissingué Gold Mine without any major disruption, development of a mine at Nyanzaga, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws. ASX/TSX CODE: PRU CAPITAL STRUCTURE: Ordinary shares: 1,362,221,512 Performance rights: 10,056,681 REGISTERED OFFICE: Level 2 437 Roberts Road Subiaco WA 6008 Telephone: +61 8 6144 1700 DIRECTORS: Rick Menell Non-Executive Chairman Jeff Quartermaine Managing Director & CEO Amber Banfield Non-Executive Director Elissa Cornelius Non-Executive Director Dan Lougher Non-Executive Director John McGloin Non-Executive Director CONTACTS: Jeff Quartermaine Managing Director & CEO [email protected] Stephen Forman Investor Relations +61 484 036 681 [email protected] Nathan Ryan Media Relations +61 420 582 887 [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
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I take my phone with me wherever I go, and I'm not afraid to admit that I have come to rely on it for just about every aspect of my life -- from getting news, weather and navigation help to staying in close contact with friends, family and coworkers. That means, like many people, I live in constant fear that my iPhone's battery will die on me right when I need it most. That is, until I found the Anker 622 MagGo, which CNET ranked as the best magnetic power bank with an integrated stand and which I now take with me everywhere I go. Right now it's available with a 35% discount on Amazon. That drops the price to just $31 from the $48 list price, making this an excellent value for a major convenience. The charger comes in a variety of colors -- including white, dark gray, lavender, pale blue and pale green -- and it's pretty common to see one or two colors on sale at any given time. But the current discount applies to every option. Hey, did you know? CNET Deals texts are free, easy and save you money. Here's why I've stuck with this little charger for so long Have you seen people walk around with a loop of cable hanging from their pocket to their phone? I've been there and hooked that loop on too many chairs and table corners. Never again. The ring of magnets in the Anker 622 MagGo aligns with the MagSafe magnets in every iPhone since the iPhone 12, latching securely and charging without wires. (The notable exception is the iPhone 16E, which does not offer MagSafe but does charge wirelessly using Qi technology. The Anker 622 MagGo will charge the iPhone 16E but won't latch to it magnetically.) It's also compact -- a little backpack feeding power to the phone while you're holding it or have it stashed in a pocket, even a jeans pocket if your fit isn't too tight. Those features alone would have convinced me but the Anker 622 also includes a fold-out back flap that props up my iPhone and can also hold the phone in its wide orientation for StandBy mode. With a power adapter such as the Anker Nano Pro (not included) and a charging cable, I've taught long classes with the phone angled to help me keep track of the time without checking my watch. Essential Anker 622 MagGo specs Here's what you need to know. Battery capacity: 5,000 milliamp hours 5,000 milliamp hours Voltage: 1.55 volts 1.55 volts Output: 7.5-watt Magnetic (compatible with MagSafe-equipped devices, iPhone 12 and later) or 20-watt USB-C port. Can charge only one device at a time. 7.5-watt Magnetic (compatible with MagSafe-equipped devices, iPhone 12 and later) or 20-watt USB-C port. Can charge only one device at a time. Input: The same single USB-C is also how you recharge the device. The same single USB-C is also how you recharge the device. Size: 4.13-inch by 2.61 inches by 0.5 inch 4.13-inch by 2.61 inches by 0.5 inch Weight: 5 ounces 5 ounces Included: Magnetic battery, 60cm (23.6 inches) USB-C to USB-C cable Magnetic battery, 60cm (23.6 inches) USB-C to USB-C cable Warranty: 24 months Jeff Carlson/CNET MagSafe-compatible charging I've owned several battery chargers and each one has some sort of compromise. They're bulky. They require a cable. They charge wirelessly but don't include a magnet to keep the phone in place so it's hard to maintain that connection. There's always something. The Anker 622 is half an inch thick and snaps onto the back of my iPhone using the MagSafe-aligned magnets. I don't have to turn it on to start charging -- power flows as soon as the connection is made. Now, this isn't the highest-capacity (5,000 mAh) or fastest portable charger. That's fine. What I usually need is a way to eke out a few more hours of battery life on my iPhone. I can typically get a full top-off of my iPhone 15 Pro. The Anker 622 MagGo is smaller than an iPhone 15 Pro. Jeff Carlson/CNET Making a stand The other appealing feature of the Anker 622 MagGo for me is its built-in stand. Honestly, it doesn't look like it should work well: It's a fabric-covered set of plastic pieces that lie flush against the case, folds in two places and attaches to the back of the unit with a magnetic strip when extended. Yet I've had no problems with the stability of my iPhone 15 Pro or even the larger iPhone 15 Pro Max size. The stand on the Anker 622 MagGo slides down and adheres with a magnetic strip. Jeff Carlson/CNET This also lets me use standby mode by turning the iPhone to landscape orientation (the magnets are strong enough to hold the phone in place) when it's on a table or desk. Flip the iPhone horizontally to take advantage of StandBy mode while charging. Jeff Carlson/CNET Smart port placement matters The charger gets its juice from a single USB-C port, which is positioned on the edge of the case, not the bottom. That means you can replenish it while the stand is open -- many chargers' ports are stuck on the bottom. Having the USB-C port on the side keeps it accessible even when in its stand configuration. Jeff Carlson/CNET That USB-C port also acts as a charger for other devices when you plug in a cable, such as when your Apple Watch needs a boost. Charge other devices, such as an Apple Watch, from the Anker 622's USB-C port. Jeff Carlson/CNET How the Anker 622 MagGo compares to similar power banks Before getting the Anker 622 MagGo, I carried an Anker PowerCore III 10K Wireless, which doubles the battery capacity, includes a USB-A port and charges wirelessly but without magnets to hold the phone in place. That meant if I didn't use a cable, the phone and charger needed to be stable and level; too often I'd find the iPhone slid off its wireless perch and not charged. It's also larger and heavier. I still use it, but it's the power bank that goes into my carry-on suitcase as a backup charger. The Anker 622 MagGo is much smaller and lighter than my old reliable Anker PowerCore III 10K Wireless, which is now a solid backup. Jeff Carlson/CNET Since I've owned this Anker 622 MagGo, the company has released a few updated models. The $55 Anker 633 (currently on sale for $45) packs 10,000 mAh into a slightly thicker brick, includes a USB-A port in addition to USB-C and has a metal kickstand for resting the phone upright. You can also consider getting the chunkier Anker MagGo Power Bank that delivers 10,000 mAh and follows the same idea of compact magnetic charging and a convenient kickstand. Its main appeals are faster 15-watt magnetic charging and Qi2 compatibility, plus a small display on the side that reports the battery capacity and an estimate of the remaining battery in hours. For more smart buys, check out this amazing multitool and a portable TV that can go anywhere. And if you happen to be gift shopping, check out our roundup of the best gifts for grads, the best Father's Day gifts and the best tech gifts for anyone, anytime of year.
