Mining

Côte d’Ivoire: Sissingué mine produces first gold

Monday, 29 January 2018 15:49

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

On the same topic
Works began after Algeria resolved land access issues Authorities spent $30 million relocating communities and securing project land Financing...
Gasoline imports fall to $10 billion from $14 billion Dangote refinery boosts supply, but imports still dominate consumption Nigeria's...
DR Congo commissions 10.5 MW Kakobola hydropower plant in Kwilu Project to supply over 400,000 people, boost local economy Launch follows delays, with...
Ghana will launch a digital platform to publish and centralize all Power Purchase Agreements (PPAs). The reform follows controversies over opaque...
Most Read
01

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
02

Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...

Namibia and Russia Expand Economic Cooperation Across Key Sectors
03

Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...

Hormuz Tensions Rattle Fertilizer Markets, Adding Pressure to Global Food Supply
04

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
05

Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA fra...

Côte d’Ivoire Raises $193 Million as Banks Drive Demand for Short-Term Bills
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.