Dual listed gold miner Persues Mining has extended the mine life at its Yaouré operation, in Côte d’Ivoire, by 12 years to 2035. The ASX- and TSX-listed miner on Monday updated the ore reserve at Yaouré, which now stood at 37.2-million tonnes of ore, grading 1.73 g/t gold for 2.07-million ounces of gold from both openpit and underground sources.
PERTH – Dual listed gold miner Persues Mining has extended the mine life at its Yaouré operation, in Côte d’Ivoire, by 12 years to 2035.
The measured and indicated resource is estimated at 54.70million tonnes, grading 1.59 g/t gold for 2.8-million ounces, with the referred resource estimated at 11.3-million tonnes, grading 1.9 g/t gold for 0.7-million ounces of gold. Development capital for the CMP openpit and the underground mining operation is expected to reach $126.34-million between 2024 and 2029, and $5.3-million between 2030 and 2035.
“When Perseus acquired Yaouré as a development project in 2016, the possibility of extending the life of the mine through development of an underground operation was not part of the plan. However, our discovery, and subsequent engineering and planning, that has led to today’s announcement, bears testament to Perseus’s in-house ability to create significant value through organic growth.