Perseus Mining currently operates three gold mines in Africa: Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire, and it owns the Meyas Sand Gold Project (formerly Block 14) in Sudan.
Gold production increased to more than 535,000 ounces per annum in FY23
Perseus Mining currently operates three gold mines in Africa: Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire, and owns the Meyas Sand Gold Project (formerly Block 14) in Sudan.
Gold production reached more than 500,000 ounces per annum in 2022, and lifted to more than 535,000 ounces in FY23.
Perseus is focused on discovering, acquiring and developing a portfolio of good quality gold producing assets in Africa.
Quality management, a strong safety culture and excellent social licence are critical to our success.
Group gold production for fiscal year 2023 totalled 535,281 ounces at a weighted average All-in Site Cost (AISC) of US$959 per ounce.
At 30 June 2023, Perseus’s global Ore Reserves totalled 3.4 million ounces of gold while M&I Resources included 5.2 million ounces of gold.
Perseus’s business growth activities are focused on extending the Company’s Ore Reserve inventory at and around our existing operations in Ghana and Cote d’Ivoire, developing the Meyas Sand Gold Project in Sudan as well as discovering new development opportunities elsewhere in Africa.3
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 more than 2 million ounces of gold. Based on currently defined Ore Reserves, Perseus will continue mining at Edikan until FY2027.
Sissingué Gold Mine was developed ahead of time and on budget in 2018. Its higher-grade gold ore is sourced from one main open pit and several smaller satellite open pits. Sissingué has produced more than 450,000 ounces of gold to date. Perseus will materially extend the life of the very efficient Sissingué operation by processing material from the satellite deposits at Fimbiasso and Bagoé.
Yaouré Gold Mine poured first gold in December 2020, becoming Perseus’s third operation. In FY23, it produced nearly 275,000oz gold at an AISC of US$755/oz. Perseus’s business growth team has identified some highly encouraging nearby exploration targets for follow up with the expectation of delineating sufficient additional mineable Resources to materially extend the current 8+ year mine life of Yaouré