viewPerseus Mining Ltd

Perseus Mining produces another strong quarter at West African gold mines

Perseus Mining Limited (ASX:PRU) (TSE:PRU) (OTCMKTS:PMNXF) has recorded another strong quarter at its West African operations with gold production higher and costs lower.

Managing director and CEO Jeff Quartermaine tells Proactive’s Andrew Scott that production of 64,676 ounces was 12% higher than the previous quarter with 64% of gold produced from the Edikan mine in Ghana and 36% from the Sissingué operation in Côte d’Ivoire.

He said what was particularly pleasing for the company was the reduction in costs with production costs down 15% to US$805 per ounce and AISCs down 14% to US$935 per ounce.

Quartermaine also spoke about the ongoing progress at the Yaouré development project in Côte d’Ivoire which remains on schedule and budget to achieve the stretch target of first gold pour in December 2020.

Quick facts: Perseus Mining Ltd

Price: 1.1275 AUD

Market: ASX
Market Cap: $1.38 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Perseus Mining Ltd named herein, including the promotion by the Company of Perseus Mining Ltd in any Content on the Site, the Company receives...


Perseus Mining sees 'encouraging organic growth opportunities' as mining...

Perseus Mining Ltd's (ASX:PRU) (TSE:PRU) (OTCMKTS:PMNXF) Jeff Quartermaine talks Proactive's Andrew Scott through its December quarter highlights. He says Edikan, Sissingué and Yaouré gold mines all contributed to them maintaining its record of consistently strong operating performances in the...

on 21/1/21

2 min read