Perseus Mining Limited (ASX/TSX: PRU) is an Australian headquartered, West African focused gold mining company, that is currently actively involved in exploration, development and production of gold in Ghana and Côte d’Ivoire.
The Company currently has two operating gold mines, Edikan in Ghana and Sissingué in Cote d’Ivoire. In 2018, Perseus produced 288,457 ounces of gold and generated US$80 million in notional cashflow from its two operations.
In early May 2019, Perseus committed to develop its third gold mine, the Yaouré Gold Mine in Côte d’Ivoire. At a capital cost of US$265 million, development of Yaouré is expected to take approximately 20 months with the first gold scheduled to be poured in December 2020.
By 2021, Perseus is targeting gold production of more than 500,000 ounces of gold per year from its three operations.
Yaouré is expected to become a large scale, low-cost gold mining operation that will form an important part of Perseus’s asset portfolio for many years to come. First gold production at Yaouré is expected in late 2020, and Perseus is exploring near the mine to extend its nine-year life.
Perseus has commenced exploration at other prospects in Côte d’Ivoire including the Mbengué, Mahalé and Napié licences.
The Company has a strong balance sheet, an experienced and capable board and management team, and a strong sense of Community Social Responsibility, reflected in a robust “licence to operate” in each of its host countries.
Each of these attributes is expected to materially enhance Perseus’s ability to continue its current growth trajectory towards becoming a profitable and reliable mid-tier gold mining company.
Perseus Mining regards environmental care as an integral part of its business and is committed to excellence in the management of environmental matters.
We aim to minimise environmental impacts at every stage of work from planning, through to exploration, development, mining, processing and decommissioning. Perseus, through our personnel, will:
- Maintain a comprehensive environmental management system;
- Undertake consultation to ensure that community interests are considered;
- Comply with applicable laws, regulations and standards;
- Provide safeguards and contingency plans to mitigate potential impacts;
- Monitor all activities and strive to continually improve performance; and
- Promote environmental awareness amongst the workforce to increase understanding of environmental responsibilities.
All employees and contractors are responsible for upholding Perseus’ standard of environmental management. Click here to view our Environmental Policy.
Perseus has an enviable record in community projects in Ghana including:
- Power line construction;
- Road construction and improvements;
- Water bore drilling and pump installations;
- Alternative livelihood project studies; and
- Extensive employment.
Perseus maintains a policy of employment from the countries of operation and from within our projects’ local communities. Most of our qualified professionals are from Ghana and Côte d’Ivoire. Click here to view our Community Relations Policy.
Health and Safety
Perseus firmly believes that the health and safety of our employees and affected third parties is of prime importance in the successful pursuit of our business activities.
We are committed to conducting our operations in a manner that will prevent injuries or other health risks to our employees and those in the communities where we operate. In doing so, we embrace the principle that a zero lost-time-injury frequency rate is achievable.
We firmly believe that the benefits gained from successful health and safety programs are significant in both human and monetary terms. Therefore, high standards of occupational health and safety are pursued at all times and at all levels of our activities.