Perseus sees Sissingue singing for another four years

PERSEUS Mining has outlined four more years of full operations at the Sissingue on its current mine plan, with average production of 72,000 ounces per annum flagged at all-in site costs of US$1261/oz.
Perseus sees Sissingue singing for another four years Perseus sees Sissingue singing for another four years Perseus sees Sissingue singing for another four years Perseus sees Sissingue singing for another four years Perseus sees Sissingue singing for another four years

Sissingue, Cote d'Ivoire

While Sissingue established a beachead for Perseus in Cote d'Ivorie, it is very much the company's second tier asset in that country, with Yaoure, the flagship operation, producing more than 75,000oz in the December quarter alone.

Perseus also has its eyes on the Kone project in Cote d'Ivoire, a potential Yaoure-like development currently owned by Montage Gold.

Perseus is in the process of acquiring Orca Gold, which has a 31% stake in Montage.

The scrip transaction is flagged to complete in June.

Perseus started the current quarter with cash and bullion of $212 million and debt of $50 million.

Shares in Perseus were down 1% to A$1.93 in morning trade, capitalising the company at $2.4 billion.

The stock has gained 80-90% over the past year.