For thousands of other reports visit RSC's Mineral Intellingence Map
Perseus Mining Ltd.
Summary
| Project: | Edikan | |
|---|---|---|
| Deposit: | Esuajah | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 4/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-4-2019: Perseus Mining Ltd. announces an Exploration/Drilling Update report for its Esuajah deposit at the Edikan project. Drilling results incl. 48.0m @ 1.52g/t Au from 70m. Based on the spot gold price of US$1,295 per ounce and an A$:US$ exchange rat | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Douglas Jones (Internal) | |
| ABSTRACT: | Based on the spot gold price of US$1,295 per ounce and an A$:US$ exchange rate of 0.7100 at 31 March 2019, the total value of cash and bullion on hand at the end of the quarter was A$113.8 million, (US$80.8 million) including cash of A$81.2 million (US$57.6 million) and 17,859 ounces of bullion on hand, valued at A$32.6 million (US$23.1 million). The movement in cash and bullion during the quarter takes account of the positive operating margins from both the Edikan (A$24.0 million) and Sissingué (A$16.8 million) operations, negative working capital movement (A$13.9 million), Australian and West African corporate costs (A$1.6 million), exploration (A$2.7 million), VAT received (A$9.7 million), debt service/finance costs (A$7.2 million), Yaouré pre development (A$3.8 million) and warrant proceeds (A$1.8 million). Figure 1: Quarterly cash and bullion | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report