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Perseus Mining continues to deliver in line with guidance during March 2019 Quarter

Mining News - Published on Fri, 05 Apr 2019

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Perseus Mining Limited has reported that in the three-month period to March 31, 2019 the group has again produced gold in line with expectations from its two West African mines, Edikan and Sissingué. Perseus’s Chief Executive Officer and Managing Director, Mr Jeff Quartermaine said “This is the ninth consecutive quarter that Perseus has reported strong operating performances from its West African gold mines and over this time, the company has established a credible record of delivering on promises by consistently achieving market production and cost guidance. Given the material improvement in our operating performance in recent times, as demonstrated by the strong performances at Edikan and Sissingué, achievement of the Company’s objective of producing 500,000 ounces of gold per year from 2022 appears well within our operating capacity once the Yaouré Gold Mine is developed and we are looking forward to delivering this outcome in due course.”

Highlights

Reconciled March 2019 Quarter gold production of 67,144 ounces was 5% more than in the corresponding quarter in 2018;

Perseus’s quarterly gold production includes 44,680 ounces from the Edikan gold mine in Ghana and 22,464 ounces of gold from the Sissingué gold mine in Côte d’Ivoire;

A total of 69,139 ounces of gold was poured during the quarter;

Financial Year to date gold production of 207,691 ounces;

On track to achieve June 2019 Half and 2019 Financial Year guidance of 130,000 to 150,000 ounces of gold and 271,000 to 291,000 ounces of gold respectively;

Perseus plans to publish its full March 2019 Quarter Report including all-in site costs and operating cashflow and quarter end cash and bullion balances on April 16, 2019.

Source :

Posted By : Rabi Wangkhem on Fri, 05 Apr 2019
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