Underground mining at Yaoure given green light by Perseus
Perseus Mining Limited Commences Development of CMA Underground Project
Perseus Mining Limited, a leading gold mining company, has announced that the development phase of the CMA underground project will commence following the commissioning of the underground mining equipment by Byrnecut, the specialist underground mining contractor. This announcement was approved for release by GlobeNewswire, Inc.
The establishment of the underground operation below the CMA Open Pit will extend the mine life of Yaouré until at least 2035. The approval for this development and mining operations at Yaouré Gold Mine in central Côte d'Ivoire was granted by His Excellency Mr. Alassane Ouattara, President of the Republic of Côte d'Ivoire, on September 18, 2025.
The approval followed the approval of an Environmental and Social Impact Assessment and issuance of a Ministerial Arrêté by the Minister of Environment, Sustainable Development and Ecological Transition in May 2025. The material assumptions underpinning the estimates of Ore Reserves described in the "Technical Report - Yaouré Gold Project, Côte d'Ivoire" dated December 18, 2023, continue to apply.
Infrastructure projects associated with the CMA underground mine development have been completed. The production targets in the report are underpinned by estimated Ore Reserves prepared by Competent Persons in accordance with the JORC Code. First ore production is planned for January 2026, with commercial production scheduled to be reached in March 2027.
Perseus's CEO and Managing Director, Jeff Quartermaine, stated that the approval marks a major milestone for Perseus. He further added, "The US$170M to be invested by Perseus in the CMA underground mine will mark a new phase in our partnership with the Government of Côte d'Ivoire in expanding its thriving mining industry."
Readers are cautioned to not place undue reliance on forward-looking information. Factors that may cause the actual results, performance, or achievements of the Company to be materially different from any anticipated future results, performance, or achievements include the actual market price of gold, changes in project parameters, and those disclosed in the Company's publicly filed documents.
The report contains forward-looking information based on the assumptions, estimates, analysis, and opinions of the Company's management. The forward-looking information in the report has been approved for release by Perseus Mining Limited's Managing Director and Chief Executive Officer, Jeff Quartermaine. The search results do not contain information about the Managing Director and CEO of Perseus Mining Limited.
Investors are encouraged to review the Company's publicly filed documents for complete information regarding Perseus Mining Limited and its operations. For more updates, visit Perseus Mining Limited's website.
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