Edikan production jumps in Sept quarter
PERTH (miningweekly.com) – Dual-listed gold miner Perseus Mining boosted gold production during the quarter ended September 30, as the company’s productivity improvements paid off.
During the three months under review, the Edikan gold mine, in Ghana, produced 51 529 oz of gold, a 22% increase on the gold production in the June quarter, and a 12% increase on the previous corresponding quarter.
Perseus mined 27% less waste during the quarter under review, as part of the company’s strategy to reduce investment in waste stripping until a comprehensive review of its approach to mining was completed and recommendations could be implemented.
The company also pursued incremental productivity improvements at the Edikan processing plant, which yielded positive results during the quarter, improving the gold recovery rate from 85% to 87%.
As a result, all-in unit cash costs for the period declined by 28%, to $959/oz, which was also 29% less than the previous corresponding period.
Meanwhile, of the 49 703 oz sold during the quarter ended September, a total of 36 000 oz were delivered into the forward sales contracts while the remaining gold was delivered at the prevailing spot prices.
Looking ahead, ASX- and TSX-listed Perseus said that it was on track to achieve its production and cost guidance for the six months to December, with the Edikan mine expected to deliver between 95 000 oz and 105 000 oz, at a cost of between $1 160/oz and $1 280/oz.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...
VISIT SHOWROOM
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
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
