The government of Côte d’Ivoire has granted an exploitation permit to Perseus’s Ivorian subsidiary, Perseus Yaouré, to develop and operate the company’s third gold mine, the Yaouré Gold Mine in Côte d’Ivoire.
Yaouré is near the Ivorian capital of Yamoussoukro, adjacent to the Koussou hydro-electric power station. The mine is expected to become a large scale, low-cost gold mining operation that will form a core asset within Perseus’s asset portfolio.
The exploitation permit is the last document that Perseus requires to start developing the Yaouré mine and follows Perseus’s recent announcements that it has accepted an offer of debt financing from a syndicate of international banks and confirmed its financing plans for the mine development.
According to Jeff Quartermaine, CEO and managing director of Perseus, the company is on track to achieve their stated goal of producing more than 500 000oz of gold at an all-in cost of less than USD850 per ounce from multiple mines in several jurisdictions in West Africa.