Gold: Perseus Mining revises upwards the potential of its Ghanaian Edikan project
Active in West Africa, where it owns three mining sites, the Australian junior company Perseus Mining published on Monday 30 March an updated mining plan for its Ghanaian Edikan gold project. According to the new estimates communicated by the mining company, the site should produce from July onwards more than 1.3 million ounces over the remaining life of the mine (6 years), i.e. almost double the previous estimates. The upward revision is due to Perseus’ expansion of the open pit and the re-evaluation of the resources of the Esuajah South underground deposit. In addition, company management has indicated a 5% decrease in the overall cost of production to between $870 and $890 per ounce.