Perseus reports strong performance in West Africa

2021-05-03T11:00:41+00:00 May 3rd, 2021|Bulletin|

Perseus Mining’s three operating gold mines, Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire, performed strongly in the March 2021 quarter, producing a combined total of 88.458 ounces of gold, 29% more than the 68.614 ounces produced in the prior quarter.

Perseus’s Edikan gold mine in Ghana has performed strongly in the March 2021 quarter.  Photo by Perseus

Perseus’s Edikan gold mine in Ghana has performed strongly in the March 2021 quarter. Photo by Perseus

Total Recordable Injury Frequency Rates (TRIFR) at the end of March are Edikan 1.24, Sissingué 1.42 and Yaouré 2.16. Gold sales from all three operations totalled 87.215 ounces, 31% more than last quarter. The weighted average gold price realised from sales of gold from Sissingué and Edikan was USD1 628 per ounce, 3.5% less than the price received in the December 2020 quarter.

The weighted average production costs at Sissingué and Edikan were USD852 per ounce, while AISC of USD999 per ounce of gold were recorded during the quarter. These costs were 7% and 4% lower respectively than comparative costs incurred in the previous quarter. Perseus’s average cash margin for the quarter was USD629 per ounce, approximately USD22 per ounce less than that achieved during the December 2020 quarter, resulting in notional operating cashflow from the Sissingué and Edikan operations of USD41.7-million, USD2.9-million less than that generated in the prior period.