A rapidly growing, West African gold producer, developer and explorer.
Perseus operates three gold mines in West Africa, and we increased annual gold production to 521,221oz in 2022 at an all-in site cost of US$941/oz.
Perseus has achieved many important milestones as we work towards becoming a 500,000oz per year gold producer by 2022.
Our first mine, the Edikan Gold Mine in Ghana, has produced more than 2 million ounces of gold since first gold was poured in 2011. Based on current Ore Reserves, Perseus will recover a further 1.2 million ounces of gold from Edikan over the currently estimated 5+ years of remaining mine life.
Perseus became a multi-mine, multi-jurisdiction gold producer in January 2018 when it opened its second mine, the Sissingué Gold Mine in Côte d’Ivoire and completed the construction of its third gold mine, the Yaouré Gold Mine, also in Côte d’Ivoire, in December 2020.
Perseus has an experienced and focused board and management team with a track record of delivering on promises, maximising cash flow to improve shareholder returns, and providing capital growth for shareholders through exploration success and judicious acquisitions.
Edikan Gold Mine
Edikan Gold Mine (EGM) in Ghana was Perseus’s first mine, achieving commercial production in January 2012. Since pouring first gold in late 2011, the 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
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
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.
Company Highlights
Multi-mine multi-jurisdictional West African gold producer, developer and explorer
2020 Financial Year gold production of 257,639 ounces at AISC US$972/oz
Cash and bullion US$136M as at 31 March 2021
Trusted Board and Management team that have a solid record of delivering on promises
Sissingué Gold Mine developed ahead of time and on budget, January 2018
95% Local employment within countries of operation and strong "licence to operate"
Sustainability
Perseus is committed to conducting all aspects of our business in a sustainable manner that meets the reasonable expectations of our stakeholders. As a result, managing our sustainability is an integral part of our corporate strategy and our efforts to ensure our continued success as a business. Our focus on high quality governance and generating tangible benefits for all of our stakeholders forms the foundation for our approach to sustainability.
