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Perseus Mining Ltd.
Summary
| Project: | Sissingue | |
|---|---|---|
| Deposit: | Papara, Tiongoli, Zanikan | |
| Location: | Côte D'Ivoire | |
| Commodities: | Gold | |
| Date: | 4/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 16-4-2019: Perseus Mining Ltd. announces an Exploration/Drilling Update report for its Papara, Tiongoli, Zanikan deposit at the Sissingue project. Drilling results incl. 4.0m @ 1.83g/t Au from 48m. Based on the spot gold price of US$1,295 per ounce and an | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gary Brabham (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 | |
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