• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Australia Market
    Australia News
    Australia Stocks
    • Australia Market
    • Australia News
    • Australia Stocks
    gold investing

    Perseus Mining Signs Yaoure Mining Convention

    Priscila Barrera
    Dec. 10, 2019 03:05PM PST
    Australia Investing

    Perseus Mining advised it had signed a Mining Convention for its Yaoure gold mine located in central Côte d’Ivoire.

    Perseus Mining (ASX:PRU) advised that at a ceremony held in Abidjan, Côte d’Ivoire on Monday 9 December, a Mining Convention was executed by representatives of the State of Côte d’Ivoire and Perseus’s Ivorian subsidiary, Perseus Mining Yaouré SA. This Convention provides a guarantee of fiscal stability and sets out a range of other rights and obligations that will apply to Perseus during the life of Perseus’s Yaouré gold mine located in central Côte d’Ivoire.

    As quoted in the press release:

    Perseus’s Managing Director and CEO Jeff Quartermaine said: “The signing of the Yaouré Mining Convention is a major milestone on the path to bringing the Yaouré gold mine into production. With the document now signed, we can move forward with confidence in the knowledge that the fiscal laws on which our decision to develop the mine was based, will not change during the life of the mine.

    “At this stage, an open pit mine with an expected mine life of 8.5 years has been defined at Yaouré, however, it is considered likely that the life of the mine will be extended well beyond this limit as the very considerable mineral potential of the tenements on which the mine is located, is progressively unlocked. In this regard, work has begun on delineating Mineral Resources that can be mined using underground mining techniques and at this stage the results of this work are encouraging.

    “Yaouré will be Perseus’s third gold mine and our second gold mine in Côte d’Ivoire. When Yaouré is fully operational, Perseus will be producing in excess of 500,000 ounces of gold per year. The average all-in site cost of producing gold at Yaouré over the first 5 years of the mine is forecast to be US$734 per ounce, meaning that if gold prices are maintained at current levels, then very strong cashflows will be generated and available for funding benefits for our stakeholders.”

    Click here for the full text release

    perseus miningasx:prugold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Close up lump of gold mine background texture

    10 Largest Gold Mines in the World by Production

    Map of Mali with red pin marking a location.

    Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

    Latest News

    FY25 Results Announcement

    Appendix 4E and Annual Report

    BPH Energy Limited Annual Financial Report

    Appendix 4E / Annual Financial Report

    CRML signs LOI Offtake Agreement with UCORE (DOD Funded)

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Australia Investing Stocks

    Triumph Gold

    TIG:CA

    Horizon Minerals

    HRZ:AU

    Alice Queen

    AQX:AU

    Pinnacle Silver and Gold

    PINN:CC

    1911 Gold

    AUMB:CC

    Kobo Resources

    KRI:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×