Perseus Mining’s Ivorian subsidiary Perseus Yaouré has secured an exploitation permit (EP) to develop and operate the company’s Yaouré gold mine in Côte d’Ivoire.

The company’s third gold mine Yaouré is located near the Ivorian capital of Yamoussoukro adjacent to the Koussou hydro-electric power station and is expected to become a large scale, low-cost gold mining operation.

It is set to form a core asset within the asset portfolio of Perseus.

Receipt of the EP from the Government of Côte d’Ivoire is the final permit required by Perseus to start development of the Yaouré gold mine.

Perseus Mining CEO and managing director Jeff Quartermaine said: “The granting of the exploitation permit to enable development of the Yaouré gold mine is a major milestone for Perseus that firmly places us on the path to achieving our stated goal of producing more than 500,000 ounces of gold at an all-in cost of less than $850 per ounce from multiple mines in several jurisdictions in West Africa.

“On behalf of the Board and the entire team at Perseus, I thank the government of Côte d’Ivoire for granting us the exploitation licence and in doing so, recognising Perseus’s credentials as a capable, reliable and responsible participant in the Ivorian gold mining industry.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“The granting of the exploitation permit is a major milestone for Perseus.”

The development follows Perseus’s announcement made earlier this month that it finalised a financing plan for the Yaouré gold mine after accepting an offer from three international banks providing $150m in corporate debt facilities.

All major prerequisites for the development of the Yaouré gold mine are now in place.

Perseus said that the board will convene soon to resolve to commence full-scale development of Yaouré.