Description

Perseus Mining operates three gold mines in West Africa, with its third mine, Yaouré, pouring its first gold in December 2020. Annual gold production will increase to more than 500,000 ounces per year by 2022.

Our first mine, the Edikan Gold Mine in Ghana, has produced about 1.8 million ounces of gold since first gold was poured in the September quarter of 2011. Based on current Ore Reserves, Perseus will recover a further 1.2 million ounces of gold from Edikan over the currently estimated 5+ years of remaining mine life.

Perseus became a multi-mine, multi-jurisdiction gold producer in January 2018 when it opened its second mine, the Sissingué Gold Mine in Côte d’Ivoire and recently completed the construction of its third gold mine, the Yaouré Gold Mine, also in Côte d’Ivoire, in December 2020.

Perseus has an experienced and focused board and management team with a track record of delivering on promises, maximising cash flow to improve shareholder returns, and providing capital growth for shareholders through exploration success and judicious acquisitions.

Edikan was Perseus’s first mining operation commencing commercial production in January 2012. The mine is located in south western Ghana within the Ashanti Gold Belt. Gold ore is sourced from several open pits and processed through a centralised processing facility with capacity to process up to 8.0 million tonnes of ore per annum. From 1 July 2020, gold production will average 212,000 ounces per annum for the remaining currently known 7 years of mine life, including average gold production of approximately 231,000 ounces per annum over the next four years. AISCs are expected to be in the range of US$870-US$890 per ounce over the remaining life of mine.

Perseus currently plans to build an underground gold mine to access the Esuajah South deposit and is undertaking a cutback of the AG open pit, both of which are intended to increase Perseus’s gold production capacity.

In 2019, Perseus signed an option agreement with local Ghanaian company, Adio-Mabas Ghana Ltd, to acquire the 23.85sq km Agyakusu Prospecting License, PL 2/177, that adjoins Perseus’s Edikan mining leases, and is located between 2km and 8km from the Edikan processing facility. Exploration success at Agyakusu could potentially extend Edikan’s mine life.

At Edikan, 99% of our employees are Ghanaian nationals including 44% of the workforce that is drawn from the local communities. Mining has been undertaken on an industrial scale for many years in Ghana resulting in a knowledgeable and highly skilled Ghanaian population.

Perseus’s strong community relations are managed by our inhouse Social Development team who regularly communicate with traditional authorities as well as regular villagers, participate on various community committees and get involved in many community projects and activities. Perseus established and now funds the Edikan Trust which is a community administered fund charged with delivering community-initiated projects including various forms of infrastructure, and livelihood development projects. In addition, Perseus independently funds a range of education, health and social well being programmes within the five villages located adjacent to the mine.

 

Accra Office

4 Chancery Court, 147A
P. O. Box CT 2576 Cantoments, Accra
P. O. Box M. 183, Accra
Tel.: (0302) 76 05 30 / 767924
Fax: (0302) 76 05 28
Email: info@perseusmining.com
Website: www.perseusmining.com

Site Office

Ayanfuri and Nanankwa
Tel.: (0322) 085 030 / 0322 08 50 30

 

Location

Cantonments, Accra, Greater Accra, Ghana

Brand

Perseus Mining Ghana Ltd.

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  • Monday

    8:00 am - 5:00 pm

  • Tuesday

    8:00 am - 5:00 pm

  • Wednesday

    8:00 am - 5:00 pm

  • Thursday

    8:00 am - 5:00 pm

  • Friday

    8:00 am - 5:00 pm

  • Saturday

    Closed

  • Sunday

    Closed

  • 31 July 2021 9:22 am local time

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