Perseus Mining Hits First Underground Ore Milestone at Yaouré

Perseus Mining ( (AU:PRU) ) just unveiled an update.

Perseus Mining has completed the first underground production blast at the CMA Underground project, located at the Yaouré Gold Mine in Côte d’Ivoire. Ore excavation began immediately from the Blika 1120 Ore Drive South, marking a pivotal step in the planned ramp-up to steady-state production expected in the third quarter of fiscal 2027.

The CMA Underground mine establishes a new benchmark as Côte d’Ivoire’s first mechanised underground operation and Perseus’s inaugural underground venture. The start of underground ore production is positioned as a key milestone in enhancing the country’s broader mining capabilities and underscores Perseus’s growing operational depth and strategic presence in West Africa.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$6.75 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

More about Perseus Mining

Perseus Mining Limited is a gold producer listed on the ASX and TSX, operating the Yaouré Gold Mine in Côte d’Ivoire. The company is expanding its portfolio with the development of the CMA Underground project, which is the first mechanised underground mine in Côte d’Ivoire and Perseus’s first underground operation, reinforcing its role in building local mining skills and capacity.

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