Dig Deep Mine No. 3 Profitable Ahead of Schedule and Annual Production Reaches Half a Million Ounces with Jeff Quartermaine
In this episode, we have a returning guest who appeared back in July 2019 (Episode 36). Jeff Quartermaine is the MD & CEO of Perseus Mining who are a rapidly growing, West African gold producer, developer, and explorer who currently operate 3 gold mines in Ghana and Cote d’Ivoire.
Jeff has been with Perseus for over 12 years and has more than 30 years of experience in senior corporate, financial, and strategic management roles with ASX and TSX-listed resources companies involving operations in Australia, as well as countries in the Asia Pacific, South America, and West Africa. Jeff gives us an update on the tremendous progress the company has achieved over the last 2.5 years and what the outlook is for the company over the next few years.
KEY TAKEAWAYS
- Despite CoVid Perseus has been able to finish the construction of their 3rd mine (Yaouré), ahead of schedule and under budget.
- They have built 2 successful mines, in the past 4 years.
- In December 2021, they poured the first gold at Yaouré and started commercial production in March 2021.
- During the remainder of 2021, they produced 199,000 ounces from Yaouré.
- The Yaouré Gold Mine and area has far more minerals than anticipated.
- Currently, the company is producing half a million ounces of gold, per year, with between 300 and 400 million in cashflow
- Over the next 10 years they are planning to grow by exploring and possibly via acquisitions.
- Mining in Africa holds challenges because there is a lot of competition for land and in some places rogue miners to deal with.
- Due to difficult geo-politics both the Saudi and Namibian shields are under-explored. But conditions are now right for extensive exploration to start.
BEST MOMENTS
‘That rapid increase got us to 199,000 ounces in calendar 21. ´
‘It looks very much to me that we will be mining at Yaouré for many years to come.’
‘We are very resilient, we don´t get knocked off course easily.’
EPISODE RESOURCES
Website: https://perseusmining.com/
LinkedIn: https://www.linkedin.com/company/perseus-mining-limited
Twitter: https://twitter.com/perseusmining
Facebook: https://www.facebook.com/PerseusMiningOfficial/
Previous Episode (36) with Jeff Quartermaine: https://backtracks.fm/discover/s/dig-deep-the-mining-podcast-podcast/c3e27a531b2932b7/e/jeff-quartermaine-of-the-challenges-of-mining/f8801451b981d0c5?primaryColor=%232DDBAD&theme=light
VALUABLE RESOURCES
Email: rob@mining-international.org
Website: https://www.mining-international.org/
LinkedIn: https://www.linkedin.com/in/rob-tyson/
Twitter: https://twitter.com/MiningRobTyson
Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/
Instagram: https://www.instagram.com/theminingpodcast/
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos
ABOUT THE HOST
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our client's organizations in any mining discipline or level.
Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.