Edikan production on the rise

Perth Gold miner Perseus Mining today reported an increase in gold production during its last quarter at its Edikan gold mine, in Ghana, on the back of improved mill performance. Gold production for the quarter was up 9% on the June quarter to 43 776 oz, with Perseus telling shareholders on Monday that the company was on track to achieve its full-year production guidance of between 80 000 oz to 100 000 oz of gold. Gold sales from the Edikan mine reached 43 952 oz during the quarter, up from the 39 642 oz sold during the previous quarter, with average sales prices also up from $1 172/oz to $1 223/oz. Meanwhile, Perseus noted that production of costs reduced by 6% during the September quarter, to $1 095/oz, while all-in sustaining cost was also down by 10%, to $1 388/oz.