Perseus Mining Ghana Limited

by Israel Boafo Bansah

Perseus Mining started life as a junior exploration company in 2004, and in 2006, it acquired the Ayanfuri exploration licences in Ghana that had previously hosted heap leach mining operations.

Significant exploration success by Perseus around the decommissioned oxide pits saw a rapid evolution of the company from explorer to developer and then gold producer in August 2011, following the successful development of the Edikan Gold Mine.

Edikan was Perseus’s first mining operation commencing commercial production in January 2012. The mine is located in south western Ghana within the Ashanti Gold Belt. Gold ore is sourced from several open pits and processed through a centralised processing facility with capacity to process up to 8.0 million tonnes of ore per annum. From 1 July 2020, gold production will average 212,000 ounces per annum for the remaining currently known 7 years of mine life, including average gold production of approximately 231,000 ounces per annum over the next four years. AISCs are expected to be in the range of US$870-US$890 per ounce over the remaining life of mine.

Perseus currently plans to build an underground gold mine to access the Esuajah South deposit and is undertaking a cutback of the AG open pit, both of which are intended to increase Perseus’s gold production capacity. 

In 2019, Perseus signed an option agreement with local Ghanaian company, Adio-Mabas Ghana Ltd, to acquire the 23.85sq km Agyakusu Prospecting License, PL 2/177, that adjoins Perseus’s Edikan mining leases, and is located between 2km and 8km from the Edikan processing facility. Exploration success at Agyakusu could potentially extend Edikan’s mine life.

At Edikan, 99% of our employees are Ghanaian nationals including 44% of the workforce that is drawn from the local communities. Mining has been undertaken on an industrial scale for many years in Ghana resulting in a knowledgeable and highly skilled Ghanaian population.

Perseus’s strong community relations are managed by our inhouse Social Development team who regularly communicate with traditional authorities as well as regular villagers, participate on various community committees and get involved in many community projects and activities.

Perseus established and now funds the Edikan Trust which is a community administered fund charged with delivering community-initiated projects including various forms of infrastructure, and livelihood development projects. In addition, Perseus independently funds a range of education, health and social well being programmes within the five villages located adjacent to the mine.

Contact Perseus Mining Ghana Limited

4 Chancery Court
147A Giffard Road
East Cantonments,
Accra, Ghana

PO Box CT2576
Accra, Ghana
Ph: +233 302 760 530 / +233 302
767 924
Fax: +233 302 760 528

Côte d’Ivoire

Perseus Mining Côte d’Ivoire SA | Occidental Gold Sarl 
Deux Plateaux Vallon
À l’intersection des rues J75 et J44

Lot 1438; ilot 145
28 BP 571 – Abidjan 28
Côte d’Ivoire

Tel: +225 22 41 91 26
Fax: +225 22 41 91 25


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