Edikan delivers more ounces for Perseus
PERTH (miningweekly.com) – Dual-listed gold miner Perseus Mining has reported a 6% increase in gold production for the quarter ended December, compared with the previous three months.
Second-quarter gold production of 48 360 oz and half-year output of 94 190 oz were in line with the company's guidance.
ASX- and TSX-listed Perseus said on Tuesday that 2.87-million cubic metres of ore was mined at the Edikan gold mine, in Ghana, during the quarter, which was nearly 12% more than in the September quarter.
The quarter-on-quarter increase in material movement reflected a 25% increase in waste movements, combined with a 24% decrease in the quantity of ore mined, relative to the previous quarter.
During the period under review, run-of-mine stockpiles decreased by 550 744 t, to 3.9-million tons, grading 0.5 g/t gold for some 68 321 oz of gold.
Perseus noted that the reduction in the stockpiles reflected the company’s plans to process stockpiled ore to offset reduced ore production, while mining focused on stripping Stage 3 of the AG pit.
Meanwhile, head-grade of the ore treated during the quarter declined by 5%, compared with the September quarter, in line with expectations and reflective of the company’s strategy of processing a blend of ore drawn from stockpiles and the existing openpits.
The effect of the decreased ore grade on production was offset by an improvement in the gold recovery rate and improvements in the availability and use of the process plant.
Looking ahead, Perseus said it expected to produce between 99 000 oz and 109 000 oz of gold in the six months to June and that its full-year output would be between 190 000 oz and 210 000 oz.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation