Production in the June quarter of 40,058 ounces means the company’s Edikan project in Ghana produced 77,208oz in the six-month period, with revised guidance provided in April forecasting 75,000-90,000oz at $US1350-1550/oz.

Costs for the June quarter aren’t yet available with Perseus suggesting they should be within guidance.

Meanwhile the strategy to grow Perseus’s profile to in-excess of 500,000oz per annum within five years has seen development of the Sissingue project in Cote d’Ivoire activated, with first production from the 100,000ozpa project expected in the December quarter of 2017.

At the bigger, recently acquired Yaoure project (also in Cote d’Ivoire) a 42,000 metre in-fill drill program will begin later this month.  

Shares in Perseus were up about 2% to A68.5c in morning trade, capitalising the company at about $558 million.