Sunday, January 28, 2018

Perseus Mining Limited - PRU.t

Perseus Mining Limited - PRU.t is a West African-focused gold production, development and exploration company.

Perseus operates the Edikan Gold Mine (EGM) in Ghana, which has produced approximately 200,000 ounces of gold per year since 2012, as well as the Sissingué and Yaoure projects under development in Côte d’Ivoire.
On January 15, 2018 the company released

"Perseus (ASX/TSX: PRU) is pleased to advise that:
  The development and commissioning of its second gold mine, the Sissingué Gold Mine in Côte d’Ivoire, is nearing completion with the introduction of crushed ore to the mill and the CIL plant on Saturday 13th January 2018.   
 First gold is expected to be produced at Sissingué ahead of schedule, prior to the end of January 2018, and the ramp up to full scale commercial production is expected to be achieved by 31 March 2018. 
 The estimated capital cost of the full development of the Sissingué mine and infrastructure, excluding early works but including operational readiness initiatives, was US$107 million and on current estimates this budget will not be exceeded.  

 Perseus Mining Ltd. has recently completed a re-estimation of mineral resources and ore reserves for its Edikan gold mine in Ghana.