MANAGEMENT

Lycopodium going to work at Yaouré

Perseus Mining, operator of the Yaouré gold project in Côte d’Ivoire, has retained Lycopodium for the mine’s engineering and supply contract

Perseus operates the Edikan operation in Africa in addition to Yaouré and Sissingue

Perseus operates the Edikan operation in Africa in addition to Yaouré and Sissingue

According to MM sister publication Mining Journal, the contract - currently subject to finalising of documentation - will generate about US$95.1 million in revenue for Lycopodium.

The deal is an extension of the partnership between the two companies; the engineering firm already delivered on fellow Ivory Coast gold operation Sissingue and completed Yaouré's definitive feasibility study.

Yaouré's ore reserve is estimated at 26.8Mt, or 1.52Moz of gold based on an average of 1.76g/t contained. The mine has a projected life of 8.5 years.

Perseus operates the Edikan operation in Ghana in addition to Yaouré and Sissingue.

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