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Perseus Mining on-track to pour first gold at Yaouré this month

The commissioning and ramp-up of production at Yaouré is a major objective for the company heading into 2021.

Perseus Mining Ltd - Perseus Mining expects first gold pour at Yaouré this month
Yaouré will be the company’s third operating gold mine in West Africa

Perseus Mining Limited (ASX:PRU) remains on schedule to achieve the stretch target of first gold pour this month, subject to no COVID-19 related delays.

When fully operational, Yaouré is expected to produce on average about 215,000 ounces of gold annually in its first five years of operation at an all-in site cost of $750 per ounce, and have a mine life of eight years or more, based on the current ore reserve inventory.

Yaouré will be the company’s third gold mine and is integral to growing company-wide production to 500,000 ounces per annum by FY2022.

The following video shows drone footage of the mine site under construction in November 2020 and outlines construction progress.

December quarter

Perseus’s operating Edikan and Sissingué mines are forecast to continue to produce strongly in the December 2020 quarter.

Gold production and all-in sustaining cost (AISC) guidance for the December 2020 half year remains unchanged at 125,500 to 139,000 ounces at an AISC of US$940 to US$1,025 per ounce.

Quick facts: Perseus Mining Ltd

Price: 1.165 AUD

Market: ASX
Market Cap: $1.43 billion

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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