Perseus Mining has announced a significant investment decision for the development of the CMA underground project at its Yaouré gold mine, marking a key milestone for the mining sector in Côte d’Ivoire.
The project, which is set to begin in mid-2025, will introduce mechanised underground mining to the country for the first time.
The investment, worth $124.6 million, will focus on developing surface infrastructure, mobilising underground equipment, and preparing for production. With the CMA underground project, Perseus aims to extend the life of the Yaouré mine until at least 2035, significantly boosting gold output.
The project will contribute 1.48 million ounces of resources, with underground reserves accounting for 0.56 million ounces.
By 2026 and 2027, the majority of the capital expenditure will be allocated to the project, and training for local miners will play a vital role as part of the partnership with Australian contractor Byrnecut.
The decision follows the in-principle approval from the Ministry of Mines, Petroleum and Energy, and the project is contingent upon the approval of the environmental and social impact assessment.
