Perseus Mining Pursues Growth Opportunities at Yaoure Gold Mine
Perseus reports Yaouré open pit grades and widths exceed reserves by 24%, supported by a $34 million drilling program to extend mine life.
Perseus Mining Limited (PRU) released an operational and exploration update for its Yaouré Gold Mine in Côte d’Ivoire. The open pit produced over 24% more metal than modeled in the six months to March 2026, with additional mineralization domains now being defined.
The CMA underground mine is performing well and transitioning to full operation. An extra jumbo drill rig will boost ore delivery and the development of exploration drill drives. Extension drilling at CMA underground and exploration beyond the boundary fence at CMA Southwest and ROZA deposits returned positive results. To capitalize on these findings, Perseus committed $34 million to drilling in FY27, targeting the conversion of Inferred Resources to extend the open pit mine life.
Perseus Mining Limited (PRU) reported open-pit reconciliation figures exceeding its reserve model by more than 24%, alongside promising underground extensions that enhance the long-term outlook for its flagship Yaouré mine. The update did not include new production, cost, or financial figures. The company’s stock has risen more than 50% over the last year, reflecting strong operational execution that the market has already priced in.
Perseus Mining Limited (PRU) is a mid-tier African gold producer operating three mines: Yaouré in Côte d’Ivoire, Edikan in Ghana, and Sissingué in Côte d’Ivoire. The Yaouré mine, which serves as the company’s flagship operation, features an open pit and a developing underground mine (CMA), with FY26 production guided at 168,000 to 184,000 ounces. The Edikan mine is a mature open-pit complex with FY26 guidance of 154,000 to 169,000 ounces. The Sissingué mine includes the Bagoé satellite and has an FY26 production guide of 78,000 to 87,000 ounces.
The company is also advancing the Nyanzaga development project in Tanzania, in which it holds an 80% interest. Nyanzaga holds a 4.0 million ounce reserve and is scheduled to produce first gold in January 2027, with expected production exceeding 200,000 ounces per year for 16 years. Additionally, Perseus holds a 9.9% strategic investment in Aurum Resources, which is developing the Boundiali project in Côte d’Ivoire. This project holds approximately 3 million ounces of resources and is located adjacent to the Sissingué mine.
Perseus previously sold its Meyas Sand asset in Sudan for US$260 million, a transaction completed in April 2026.