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Perseus commissions Yaouré, plans to double production in two years

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Image credit: Perseus Mining.

(Kitco News) - Perseus Mining (ASX/TSX: PRU) announced today that it has successfully completed the first pour of gold at its Yaouré gold mine in Côte d’Ivoire.

According to the company’s statement, Perseus achieved this important milestone nearly five weeks ahead of schedule, consistent with its “stretch target” of first gold at Yaouré in December 2020.

Perseus expects to declare commercial production at Yaouré in March 2021 quarter.

Perseus acquired Yaouré when it merged with Amara Mining in April 2016. Since then, the company has completed an extensive programme of confirmatory drilling and test work and prepared a definitive feasibility study. After permitting and negotiating a Mining Convention with the Ivorian government, construction of the US$265 million mine started in August 2019.

With three mines in operation (Edikan, Sissingué and Yaouré), Perseus is on track to increase annual gold production to at least 500,000oz by FY2022, which is almost twice more than in FY2020 (257,639oz).

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