Modern Mining

Perseus Mining, listed on the ASX and TSX, reports that performance tests at its new Sissingué gold mine in Côte d’Ivoire to verify the construction contractor’s warranted operating capabilities of the crusher and SAG mill have been passed and says the Sissingué plant is now running consistently at or above name-plate run times and throughput rates.

           A recent view of the Sissingué plant (photo: Perseus).

Notwithstanding the fact that low grade oxide ore has been used throughout the commissioning process, gold recovery rates have also consistently exceeded definitive feasibility study estimates.

The ramp-up to full scale commercial production at Sissingué is progressing as planned and ‘commercial production’ is expected to be declared from 31 March 2018.

The estimated capital cost of the full development of the Sissingué mine and infrastructure, excluding early works but including operations readiness initiatives, was US$107 million and on current estimates this budget will not be exceeded.

Comments Managing Director and CEO of Perseus, Jeff Quartermaine: ““Passing of completion tests for the crusher and mill at Sissingué is yet another important milestone on our path to declaring commercial production at our Sissingué gold mine in Côte d’Ivoire. To date the journey has been relatively straight forward and we are now looking forward to settling down to generate in the near future a second positive cash flow stream to supplement the cash flow from our first mine, Edikan in Ghana.”

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

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