West Perth, WA / January 29, 2018 / JMN Wire / Perseus Mining Limited (ASX: PRU) is pleased to advise that:
- First gold was poured at Sissingué, Perseus’s second producing gold mine, on Friday 26 January 2018, one month ahead of schedule.
- The ramp-up to full scale commercial production at Sissingué is progressing as planned and is expected to be achieved on or before 31 March 2018.
- The estimated capital cost of the full development of the Sissingué mine and infrastructure, excluding early works but including operations readiness initiatives, was US$107 million and on current estimates this budget will not be exceeded.
In reaching the key milestone of ‘first gold pour’, approximately 2.3 million man hours were expended and in that time only 1 lost time injury was incurred on the site. This safety record compares very favourably with global safety benchmarks for construction and for metallic mining and is a testament to the skill and dedication of our in-house construction team, contractors, and the many local citizens from the project catchment area who worked on this development project.
Managing Director and Chief Executive Officer of Perseus, Mr Jeff Quartermaine, said:
“The pouring of first gold at Sissingué is an important milestone for Perseus on several levels. Apart from the fact that our second producing mine, and our first mine in Côte d’Ivoire, is now operational ahead of schedule and on budget, the achievement of this milestone provides Perseus with a second cash flow stream and reduces the company’s reliance for income on our first mine, Edikan in Ghana.
