Perseus Mining invests in CMA underground project, extending Yaouré Gold Mine's operational life.

From GlobeNewswire: 2025-01-27 21:10:04

Perseus Mining has made a Final Investment Decision (FID) to develop the CMA underground project at the Yaouré Gold Mine in Côte d’Ivoire, with plans to begin in mid-2025. Byrnecut has been appointed as the primary mining contractor for the project. The project’s Measured and Indicated Mineral Resources are estimated at 55.6 Mt grading 1.52 g/t Au, containing 2.7 Moz of gold. The project is expected to extend the Yaouré Gold Mine’s operational life until at least 2035. The approved capital for the development is $124.6M. The project remains on track with its planned timelines and budgetary requirements.

Perseus Mining is proud to invest in the CMA underground project at the Yaouré Gold Mine, marking a new phase for the Ivorian mining sector. The project is expected to significantly extend the mine’s life, with underground ore contributing approximately 20% of total mined ore annually. The investment decision reaffirms Perseus’s commitment to sustainable mining practices and workforce training. The company aims to produce between 500-600,000 ounces of gold per year with a cash margin of at least US$500 per ounce. The project is on track with its budget and timeline.



Read more at GlobeNewswire: Perseus Mining takes Final Investment Decision on Yaoure