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Perseus Mining Provides Edikan Gold Mine Production Update

02 Jan 2013  |  15:57:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Edikan Gold Mine Production Update

Perseus Mining reported gold production at the Company's Edikan Gold Mine in Ghana is now estimated to be 49,000oz for the December 2012 Quarter. The lower end of the revised production guidance announced on 23 November 2012 for this quarter was 58,500oz. The production shortfall resulted, principally, from low crusher output from the time of the November guidance until the planned December maintenance shutdown, followed by a much longer than expected shutdown of eight days in December for the liner change and remedial work. The production shortfall was exacerbated by a shortage of crushed material on the coarse ore stockpile to feed the mill during the crusher shutdown and lower recoveries largely attributable to milling a higher proportion of oxide ore to compensate for the lack of crushed primary ore.

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