(Kitco News) – Africa-focused gold mining company Perseus Mining announced today that its three operating gold mines, Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire, performed strongly in the June 2021 quarter, producing a combined total of 102,788 ounces of gold, 16% more than in the prior quarter and 50% more than in the December 2020 quarter, exceeding the top end of production guidance.
The weighted average production costs at Yaouré, Sissingué and Edikan were US$921 per ounce, while AISCs of US$1,047 per ounce of gold were recorded during the quarter. These costs were 8% and 5% higher respectively than
comparative costs incurred in the previous quarter, the company said.
Guidance for gold production and AISC for the December 2021 half year set by Perseus at 225,000 to 255,000 ounces at a cost of US$925 to US$1,025 per ounce.
The company added it remains on track to achieve its goal of producing more than 500,000 ounces of gold per year at a cash operating margin of not less than US$400 per ounce in FY2022.
Additionally, Perseus noted that exploration programmes continued to generate encouraging results from prospects close to each operating mine, demonstrating potential to organically grow the group’s inventory of mineral resources and ore reserves.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.