PERTH (miningweekly.com) – ASX- and TSX-listed Perseus Mining has declared commercial production at its Sissingue gold mine, in Cote d’Ivoire.
“Reaching commercial production at our Sissignue gold mine is a very important milestone for Perseus as we now have a second, high quality cash flow stream that materially reduces our reliance on our Edikan mine, in Ghana, for cash generation,” said Perseus MD and CEO Jeff Quartermaine.
“Cash flows from both operations will be deployed to partially fund the Yaoure gold mine, our third planned operation, the development of which is scheduled to start later this year, now that Sissingue is successfully up and running.”
The Sissingue mine is expected to deliver some 358 000 oz of gold, including approximately 80 000 oz/y for the first 3.25 years of production and approximately 70 000 oz/y over the full five-year life-of-mine.
Perseus said on Tuesday that with the start of commercial production at Sissingue, the company was now on track to reach its production guidance of between 140 000 oz to 160 000 oz for the half-year, and between 250 000 oz and 285 000 oz for the full year ended June.