About Company
A rapidly growing African focused gold producer, developer and explorer
Perseus Mining is an Australian mining company that currently operates three gold mines in Africa: Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire. Perseus also owns the Nyanzaga Gold Project in Tanzania and the Meyas Sand Gold Project in Sudan.
A premier African focused Gold Company
Perseus started life as a junior exploration company in 2004, exploring tenements in both Ghana and Côte d’Ivoire. In 2006, Perseus acquired the Ayanfuri exploration licences in Ghana that had previously hosted heap leach mining operations. Significant exploration success followed, and the company rapidly evolved from explorer to developer and then gold producer in 2012 with the successful development of the Edikan Gold Mine.
In pursuing our strategy of becoming a multi-mine, multi-jurisdictional gold producer, developer and explorer, we developed our second gold mine, the Sissingué Gold Mine in Côte d’Ivoire, based on an exploration discovery made early in the company’s history. Since achieving commercial production at the end of March 2018, Sissingué has surpassed all expectations, routinely exceeding internal targets for run time, recovery, gold production and costs.
Perseus commenced development of its third mine, the Yaouré Gold Mine, also in Côte d’Ivoire in May 2019, three years after the acquisition of Amara Mining plc. Yaouré first gold was poured ahead of schedule in December 2020, and Perseus declared commercial production in March 2021.
In May 2022, Perseus acquired Orca Gold and is now the owner and developer of the Meyas Sand Gold Project (formerly the Block 14 Project) in northern Sudan, and also holds a stake in the Koné Gold Project in Côte d’Ivoire.
Meyas Sand is a high-quality development project, that if brought on stream, should ensure that Perseus can maintain or exceed its targeted production level well into the next decade.
In 2024, Perseus acquired the Nyanzaga Gold Project in Tanzania via its takeover of OreCorp (ASX: ORR).
Perseus produced 509,977oz gold in FY24, and is focused on maintaining this level of gold production and generating a cash operating margin of not less than US$400 per ounce for the foreseeable future by optimising and extending the life of existing assets, and through the discovery and acquisition of new Mineral Reserves.
Perseus remains an African focused gold company where it believes its many years of proven development and operational experience provides a competitive advantage for the company.