Perseus still waiting for Côte d’Ivoire to issue a mining permit for Bagoé
The Australian gold producer, which recorded AUS$1.126 billion in the 12 months to 30 June this year, is waiting for a green light from Côte d’Ivoire’s Ministry of Mines, Petroleum and Energy to extend the life of the Sissingué mine in the north of the country.
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▪ Perseus still waiting for Côte d’Ivoire to issue a mining permit for Bagoé
▪ The Australian gold producer, which recorded AUS$1.126 billion in the 12 months to 30 June this year, is waiting for a green light from Côte d’Ivoire’s Ministry of Mines, Petroleum and Energy to extend the life of the Sissingué mine in the north of the country.
▪ https://www.africabusinessplus.com/en/813332/perseus-still-waiting-for-cote-divoire-to-issue-a-mining-permit-for-bagoe/
With the commissioning of Yaouré this summer, Perseus Mining now operates two gold mines in Côte d’Ivoire. With 297,818 oz of yellow metal generated last year at a record ASIC of $668/oz – the current gold price is $1,665/oz – Yaouré has clearly become the miner’s flagship asset. By comparison, Edikan, the third mine in its portfolio, produced 134,543 oz in 2022 but at a high cost of $1,534/oz.
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