Perseus forecasts 2.7 million oz. gold production over five years

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Tailings storage at the Yaouré Gold Mine in Côte d’Ivoire. (Image: Perseus Mining)

Perseus Mining (ASX, TSX: PRU) is forecasting annual gold production of 515,000-535,000 oz. at an all-in sustaining cost of $1,400-$1,500/oz. over the next five fiscal years ending 2030, the company said on Wednesday.

The five-year outlook covers Perseus’ three existing mines — Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire — as well as the Nyanzaga project in Tanzania that is scheduled to begin mining in early 2027.

Credit: Perseus Mining

The largest contributor over the five years will be Yaouré, accounting for one-third of the projected total production of 2.6-2.7 million oz. The mine, which entered commercial production in March 2021, is expected to produce 210,000 oz. annually over a 12-year mine life.

Meanwhile, the Edikan mine — Perseus’ first producing asset — is expected to…

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