Perseus Mining currently operates three gold mines in Africa: Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire, and owns the Block 14 Development Project in Sudan.
Gold production is on track to reach more than 500,000 ounces per annum in 2022.
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 license are critical to our success.
Group gold production for financial year 2021 totalled 328,632 ounces at a weighted average All-in Site Cost of US$1,016 per ounce.
At 30 June 2021, Perseus’s global Ore Reserves totalled 3.2 million ounces of gold while M&I Resources included 4.9 million ounces of gold.
Perseus’s exploration activities are focused on extending the Company’s Ore Reserve inventory at and around our existing operations in Ghana and Cote d’Ivoire as well as discovering new development opportunities elsewhere in Africa.
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 1.8 million ounces of gold. Based on currently defined Ore Reserves, Perseus will continue mining at Edikan until 2026/2027.
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 350,000 ounces of gold to date and it generated sufficient cash to fully repay development capital within 26 months from first gold. 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. 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 year mine life of Yaouré.