JOHANNESBURG (miningweekly.com) – An updated life-of-mine plan at dual-listed Perseus Mining’s Edikan gold mine, in Ghana, has forecast a weighted average all-in site cost, including all direct production costs, royalties, waste stripping costs and sustaining capital expenditure, of $875/oz for the five-year period between July 1, 2017 and June 30, 2022, as well as $864/oz over the full remaining life of the mine.
This, the company said in a statement on Wednesday, translated to strong positive after-tax cash flow of about $403-million, assuming a flat spot gold price of $1 200/oz for the remaining mine life from January 1.
Perseus further noted that the mine would, over the remaining 6.5 years of mine life, produce an average of 214 000 oz/y.
The company said it remained on track to achieve in the middle of its production guidance range of 90 000 oz to 100 000 oz for the current year and is currently positioned towards the middle of the cost guidance range of $1 000/oz to $1 220/oz.