Perseus raises Sissingué capex as mine life shortened to five years
PERTH (miningweekly.com) – Dual-listed gold miner Perseus Mining has revised the expected mine life of its Sissingué gold project, in Côte d’Ivoire, from a previously expected 5.25 years to 5 years.
Perseus has updated the life-of-mine plan for the Sissingué gold project, following a re-estimation of the mineral resource and ore reserves, with the ASX- and TSX-listed company saying the mine will now produce some 358 000 oz over its five-year life.
Around 80 000 oz/y will be produced in the first 3.25 years of production and a further 70 000 oz/y over the remainder of the mine life.
Previous feasibility studies on the Sissingué project had estimated a production of 385 000 oz of gold during a 5.25-year mine life, with an average of around 75 000 oz/y to be produced in the first five years.
The same study had estimated that a capital investment of $106-million would be required to develop the Sissingué project, but Perseus on Friday increased this to $107-million, with production costs reaching some $569/oz.
The Sissingué project was nearly 40% complete and is running on schedule for first gold production in the March 2018 quarter, Perseus said. The project development has been fully funded to completion through a combination of internal cash and bank provided debt financing.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
