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Perseus Mining Limited ( (AU:PRU) ) has issued an announcement.
Perseus Mining Limited has made a Final Investment Decision to develop the CMA underground project at the Yaouré Gold Mine in Côte d’Ivoire, marking a significant step in expanding its operations. The project, expected to begin in mid-2025, will be Côte d’Ivoire’s first mechanised underground mine and is projected to extend the mine’s operational life until at least 2035. Perseus has appointed Byrnecut as the primary contractor, with the project poised to contribute significantly to the company’s gold production, maintaining a steady output of around 500-600,000 ounces annually across its portfolio.
More about Perseus Mining Limited
Perseus Mining Limited operates in the gold mining industry, with a primary focus on developing gold mines in West Africa. The company is known for its operations at the Yaouré Gold Mine in Côte d’Ivoire and is expanding its portfolio with projects like the CMA underground project.
YTD Price Performance: 7.23%
Average Trading Volume: 46,041
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$3.45B
For an in-depth examination of PRU stock, go to TipRanks’ Stock Analysis page.
