'Business as usual' for Perseus in Sudan
PERTH (miningweekly.com) – Gold miner Perseus Mining on Monday said that its Meyas Sands gold project (MSGP), in northern Sudan, had remained unaffected by instances of armed conflict between the Sudanese military and a militia group.
Media reports over the weekend reported instances of conflict between the groups in and around Sudan’s capital city of Khartoum, where Perseus holds a small office to service the MSGP.
“Our MSGP, which was acquired nearly 12 months ago, is located more than 1 000 km away from Khartoum, more than the distance from London to Berlin or 1.5 times the distance from Sydney to Melbourne. All of our people are safe, and our physical assets are not damaged by the reported events in Khartoum. We are monitoring the situation very carefully and are prepared to act if necessary,” MD and CEO Jeff Quartermaine said on Monday.
“To the end of February 2023, Perseus had invested approximately $23-million in MSGP, preparing for a possible final investment decision on MSGP in the second half of 2023. As such, our Sudanese exploration and pre-development assets currently comprise a relatively small part of our portfolio.
“All of our gold production activities that currently deliver more than 500 000 oz/y of gold at an all-in sustaining cost of less than $1 000/oz, take place in West Africa, specifically, Ghana and Cote d’Ivoire which are not in any way impacted by the reported events,” Quartermaine said.
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