Mining company Perseus Mining announced today the entry into production of its Sissingué gold mine, in Côte d’Ivoire. First gold was produced last Friday, a month earlier than initially planned.
“The production of the first gold bullion at Sissingué is an important step forwards for Perseus at many levels. […] achieving this step gives Perseus a second cash flow and reduces the dependence of the company to incomes from our first mine, Edikan in Ghana,” comments Jeff Quartermaine, the CEO.
Moreover, the company indicated that work are underway for commercial production, which could occur by March 31. The average annual production rate at Sissingué should be 70,000oz over the five coming years.
As for Côte d’Ivoire which announced last week that it produced 25.4 tons of gold in 2017, the start of production at this new mine is good news. Indeed, it could boost the nation’s gold output, per annum, but also its mining revenues valued at CFA539 billion in 2017.
Louis-Nino Kansoun
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
South Africa pushes faster oil, gas exploration despite legal challenges Environmental groups’ co...
Switzerland has raised concerns over the future of the World Trade Organization (WTO), warning that changes in U.S. trade policy could undermine global...
Visa says premium cards already widely adopted in Senegal Training aims to help banks better target and serve high-end clients Strategy focuses on...
Criminal records and nationality certificates now available online Platform aims to cut delays, costs, and centralize public services Government faces...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize power for 4G, 5G rollout and data centers Focus on...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...