Our Story
Perseus Mining is a rapidly growing African focused gold producer, developer, and explorer.
A premier African focused Gold Company
Perseus started life as a junior exploration company in 2004, exploring tenements in both Ghana and Côte d’Ivoire. In 2006, we acquired the Ayanfuri exploration licences in Ghana that had previously hosted heap leach mining operations. Significant exploration success followed, and we rapidly evolved from explorer to developer and then gold producer in 2012 with the successful development of the Edikan Gold Mine.
In pursuing our strategy of becoming a multi-mine, multi-jurisdictional gold producer, developer and explorer, we developed our second gold mine, the Sissingué Gold Mine in Côte d’Ivoire, based on an exploration discovery made early in the company’s history. Since achieving commercial production at the end of March 2018, Sissingué has surpassed all expectations, routinely exceeding internal targets for run time, recovery, gold production and costs.
We commenced development of our third mine, the Yaouré Gold Mine, also in Côte d’Ivoire in May 2019, three years after the acquisition of Amara Mining plc. Yaouré first gold was poured ahead of schedule in December 2020, and Perseus declared commercial production in March 2021.
In May 2022, we acquired Orca Gold and are now the owner and developer of the Meyas Sand Gold Project (formerly the Block 14 Project) in northern Sudan.
Meyas Sand is a high-quality development project, that if brought on stream, should ensure that we can maintain or exceed our targeted production level well into the next decade.
In 2024, we acquired the Nyanzaga Gold Project in Tanzania via our takeover of OreCorp (ASX: ORR). We are moving ahead with the development of Nyanzaga after a positive FID in April 2025. First gold is expected in Q1 2027.
We produced 496,551oz gold in FY25. We are focused on maintaining ~500,000ozpa gold production and generating a cash operating margin of not less than US$400 per ounce for the foreseeable future by optimising and extending the life of existing assets, and through the discovery and acquisition of new Mineral Reserves.
We remain an African-focused gold company where we believe our many years of proven development and operational experience provides a competitive advantage for our company.
