Perseus Mining (ASX:PRU)

Development Stage: Production
Regions of Operation: Africa
Countries of Operation: Ghana
Exchange: ASX
OPERATIONS
Perseus Mining currently successfully operates three gold mines in West Africa, namely, Edikan in Ghana and Sissingué and Yaouré in Côte d’Ivoire. Gold production will progressively increase to more than 500,000 ounces per annum once Yaouré is in full production in 2021/22.
Edikan Gold Mine GHANA
Edikan Gold Mine in Ghana was Perseus’s first mine, achieving commercial production in January 2012. Since pouring first gold in late 2011, Edikan Gold Mine has produced nearly 1.75 million ounces of gold and has approximately 7 years of remaining mine life, based on currently defined Ore Reserves.
Sissingué Gold Mine CÔTE D’IVOIRE
Sissingué Gold Mine was developed ahead of time and on budget in January 2018. Its higher-grade gold ore is sourced from one main open pit and several smaller satellite open pits. Sissingué has produced more than 250,000 ounces of gold to date and has generated sufficient cash to fully repay development capital within 26 months from first gold. The opportunity exists for Perseus to materially extend the life of the very efficient Sissingué operation through the delineation of additional economically mineable Mineral Resources on the nearby Fimbiasso and Bagoé exploration licence areas.
Yaouré Gold Mine CÔTE D’IVOIRE
Yaouré Gold Mine poured first gold in December 2020, becoming Perseus’s third operation. It is expected to produce more than 200,000oz gold per year over the first five years of its mine life at an average AISC of around US$734. To date, Perseus’s business growth team have identified a number of highly encouraging nearby exploration targets that will be followed up in coming periods with the expectation of delineating sufficient addition mineable Resources to materially extend the current 8.5 year mine life of Yaouré.
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Contact details
Level 2, 437 Roberts RoadSubiaco, Western Australia
6008
Australia
Telephone:
+61 8 6144 1700