https://www.miningweekly.com

Edikan delivers more ounces for Perseus

Edikan delivers more ounces for Perseus

Photo by Bloomberg

28th January 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

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.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 0.784s - 110pq - 2rq
Subscribe Now