Perseus Mining (PMNXF) Receives Approval for Underground Mine at Yaouré, Côte d’Ivoire

Core Insights - Perseus Mining Limited has received official authorization to begin construction and operation of an underground mine at its Yaouré Gold Mine in Côte d'Ivoire, marking a significant milestone for the company [1][2] - The company plans to invest $170 million in the underground mining project, with expectations to produce the first ore by January 2026 and to commence commercial-scale mining by March 2027 [2][3] - The Yaouré project is set to become Côte d'Ivoire's first modern underground gold mine, allowing Perseus to access richer and deeper ore deposits, which is projected to contribute approximately one-third of the company's total gold production over the next decade [3] Company Overview - Perseus Mining Limited is an Australian gold mining company engaged in the acquisition, exploration, development, and operation of gold properties across West Africa, including the Edikan Gold Mine in Ghana and the Sissingué and Yaouré gold mines in Côte d'Ivoire [4] - The company's primary product is gold bullion, produced through both open-pit and underground mining operations [4]