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

Last updated: 13:55 02 Dec 2020 AEDT, First published: 13:35 02 Dec 2020 AEDT

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.

Perseus Mining boosts cash and bullion to US$594 million

Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) managing director and chief executive officer Jeff Quartermaine breaks down the highlights of the company’s September quarter. Gold production for the period came in at 132,804 ounces at an all in sustaining cost of US$937 per ounce. The average...

on 24/10/23