Côte d’Ivoire has given the green light to the development of the country’s first subway mine, formally authorizing Perseus Mining to start operations of the CMA project at the Yaourégold mine, located in the center of the Ivorian territory.
The presidential decree signed on September 18 by President Alassane Ouattara marks a crucial step following the environmental and social validation obtained in May. These authorizations, together with the endorsement of the Ministry of Mines, Petroleum and Energy, pave the way for a new operational phase at Yaouré.
Start-up of operations and production goals
With an estimated investment of $170 million, Perseus has started the initial work for the excavation of the portals and the deployment of equipment by its contractor Byrnecut.
First ore production is expected to occur in January 2026 and the commercial stage is expected to commence in March 2027.
The development of the subway operation under the existing open pit will extend the productive life of Yaouré to at least 2035. This expansion is based on the current mineral resources and ore reserves, which include more than 2.5 million ounces of gold measured and indicated.
Yaouré gold mine: the backbone of Perseus’ strategy
The Yaouré mine mine is currently Perseus Mining’s most productive operation. Since its start-up, it has exceeded production expectations, becoming a key component in reaching the corporate target of 530,000 ounces of gold per year. Its processing plant has the capacity to treat 3.3 million tons of ore per year.
In addition to the economic impact, the Yaouré mine generates significant local employment and maintains community development initiatives in its area of influence. These programs complement efforts to consolidate a sustainable operation in the region.
Jeff Quartermaine, CEO of Perseus, noted that although the formal authorization was late, the time was used to complete essential infrastructure and ensure the availability of the necessary equipment. This approach has enabled operations to commence without logistical setbacks.
The CMA project area hosts over 966,000 ounces of gold classified as measured and indicated resources, and nearly 514,000 additional ounces in inferred resources. These figures consolidate the importance of the project within the Perseus portfolio in West Africa.
Source and photo: Perseus Mining
