Perseus Mining Sets Five-Year Annual Gold Production Target
Australian mining company Perseus Mining has announced an ambitious target to produce between 515,000 and 535,000 ounces of gold annually over the next five years from its operations in Ghana, Côte d’Ivoire (Ivory Coast), and Tanzania.
The Yaouré Mine in Côte d’Ivoire is expected to be the leading contributor, accounting for 34% of total production.
Ghana’s Edikan and Sissingué mines are projected to contribute 28% and 10%, respectively. Meanwhile, Tanzania’s Nyanzaga Gold Project, currently under construction since April 2025, is anticipated to supply 28% of the company’s planned output.
“In FY22, Perseus’s gold production reached approximately 500,000 ounces for the first time, which set in motion our ambition to maintain or exceed this level of output on a consistent basis,” said Jeff Quartermaine, CEO and Managing Director of Perseus Mining.
Over the five-year period, the company plans to recover and process between 2.6 million and 2.7 million ounces of gold.
Average production costs are projected at $878 million, equating to under $500 per ounce, reflecting the company’s focus on operational efficiency and cost control.
