Perseus adjusts life-of-mine plan at Edikan

An updated life-of-mine plan at dual-listed Perseus Mining’s Edikan gold mine, in Ghana, has forecast a weighted average all-in site cost, including all direct production costs, royalties, waste stripping costs and sustaining capital expenditure, of $875/oz for the five-year period between July 1, 2017 and June 30, 2022, as well as $864/oz over the full remaining life of the mine. This, the company said in a statement on Wednesday, translated to strong positive after-tax cash flow of about $403-million, assuming a flat spot gold price of $1 200/oz for the remaining mine life from January 1.