Perseus proceeds with Ivory Coast gold mine
By Rachel Dally-Watkins 29 April, 2015 ASX-listed Perseus Mining has decided to proceed with development of the Sissingué gold mine (SGM) in Ivory Coast, following a positive revised feasibility study. The study showed the project was technically feasible and economically robust, with measured and indicated resources of 880,000oz of gold and proved and probable reserves of 429,000oz of gold. The mine would produce about 385,000oz of gold across a 5.25 year life, at an average of 75,000oz of gold per year, at an all-in sustaining cost of US$632 per ounce. Perseus’ study showed start up capital costs would total US$106 million (including contingency), with funding to be sourced from existing cash and a “modest” amount of third party debt. “Our…