Perseus Mining Achieves First Underground Production Blast at Yaouré Gold Mine
Event summary
- Perseus Mining completed its first underground production blast at the CMA Underground project in Côte d’Ivoire on April 28, 2026.
- The blast was fired from Blika 1120 Ore Drive South at the Yaouré Gold Mine, marking a key milestone in the project's ramp-up.
- The CMA Underground mine is the first mechanized underground mine in Côte d’Ivoire and the first for Perseus.
- Steady-state production is scheduled for Q3 FY27.
- Perseus has invested in building skills in the Ivorian mining sector through this project.
The big picture
Perseus Mining's successful first underground production blast at the Yaouré Gold Mine represents a significant step in its strategic expansion into mechanized underground mining. This milestone underscores the company's commitment to enhancing its operational footprint in Côte d’Ivoire, a region increasingly important for gold production. The project's success will be closely watched as it could set a precedent for future underground mining ventures in the area, potentially attracting more investment and development in the Ivorian mining sector.
What we're watching
- Production Ramp-Up
- How the pace of scaling up operations at the CMA Underground project will impact Perseus's overall production targets.
- Operational Efficiency
- Whether the integration of higher-grade underground ore will improve mill feed efficiency and overall profitability.
- Regional Development
- The extent to which Perseus's investment in Côte d’Ivoire will contribute to long-term mining capability and economic growth in the region.