Perseus Mining Reports Busy Q2 at African Projects

Perseus Mining Ltd. (TSX:PRU,ASX:PRU) released its activities report for the second quarter of 2014, commenting that it drilled successfully at its Bokitsi South deposit, “advanced development planning” for its Sissingue gold project and “made significant operational improvements” at its Edikan gold mine.

Bokitsi and Edikan are in Ghana, while Sissingue is in Cote d’Ivoire.

Highlights include:

Edikan Operations

• Operating efficiency at Edikan continued to improve during the Quarter, particularly in terms of gold recovery and mill run time (excluding down time caused by abnormal events);
• Gold production totalled 42,543ozs, 86,330ozs and 180,519ozs for the Quarter, Half Year and full financial year respectively;
• Production costs and all-in site costs were impacted by unscheduled processing downtime and repairs to fire damage and as a result, production and all-in site costs averaged US$1,150/oz and US$1,324/oz for the Quarter respectively;
• 45,767ozs of gold were sold during the Quarter at an average sales price of US$1,333/oz;

Exploration – Edikan

• High grade drill intercepts recorded from a 37 drill hole programme on the Bokitsi South deposit confirm the potential for high grade mill feed to be mined earlier than envisaged in the current Edikan Life of Mine Plan;

Development – Sissingué Gold Project, Côte d’Ivoire

• Metallurgical test work and preliminary economic assessment of alternative project configurations and flow sheets has been completed and a selection of the preferred process route for detailed feasibility assessment is imminent

Click here to read the full Perseus Mining Ltd. (TSX:PRU,ASX:PRU) press release.