Second gold mine in ramp up

Second gold mine in ramp up

Australian gold mining company Perseus is ramping up its Sissingué operation in Côte d’Ivoire after the first gold was poured in late January 2018. The ramp up to full-scale commercial production is progressing as planned and is expected to be achieved at the end of March 2018. Sissingué is Perseus’s second producing gold mine, and its first in Côte d’Ivoire. It also operates the Edikan gold mine in Ghana.

The estimated capital cost of the full development of the Sissingué Mine and infrastructure was about USD107-million.

Location: Côte d’Ivoire
Phase: Production
Resource: Gold

According to Jeff Quartermaine, MD at Perseus, the pouring of first gold at Sissingué is an important milestone for Perseus on several levels. “Apart from the fact that our second producing mine, and our first mine in Côte d’Ivoire, is now operational ahead of schedule and on budget, the achievement of this milestone provides Perseus with a second cash flow stream and reduces the company’s reliance for income on our first mine, Edikan, in Ghana,” says Quartermaine.

“The almost faultless execution of our development plan also confirms Perseus’s capacity to successfully develop gold projects in West Africa. This is particularly relevant in the context of our plans to start development of our third gold mine at Yaouré, also in Côte d’Ivoire, later this year,” Quartermaine adds.

Click below to read the March/April 2018 issue of African Mining




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