Why is Perseus Mining allocating $34 million to drilling at its Yaouré project?

Perseus Mining (ASX:PRU) is allocating $34 million to drilling at its Yaouré Gold Project to expand its mineral resource base during FY27. The company stated that the investment aims to convert inferred resources into reserves to extend the overall mine life.

What are the recent operational results from the open pit at Perseus Mining?

Perseus Mining (ASX:PRU) identified 24% more metal than predicted by its reserve model over the trailing six months to March 2026 at its Yaouré open pit. The company noted that ongoing work plans will focus on using these findings to extend open pit operations.

How is the underground development progressing for Perseus Mining at Yaouré?

Perseus Mining (ASX:PRU) stated that its CMA underground operation is performing well as it transitions into full production status. The company plans to explore the CMA Southwest and ROZA deposits to further extend underground mineralisation.

How did the market react to the growth update from Perseus Mining?

Shares in Perseus Mining (ASX:PRU) closed unchanged at $4.80 following the organic growth update. The steady stock price came after the company detailed its $34 million exploration budget for FY27.

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Perseus Mining commits $34M to Yaouré mine expansion

Written by Liezl GambePublished Jul 16, 2026, 11:58 PM

Perseus Mining allocated $34 million to drilling at its Yaouré Gold Project in Côte d’Ivoire for FY27.
Shares in the company closed unchanged at $4.80 following the organic growth update.
The spending programme targets resource expansion to increase mine life across open pit and underground operations.

Perseus Mining (ASX:PRU) announced a $34 million drilling commitment for FY27 to expand its mineral resource base at the Yaouré Gold Project in Côte d’Ivoire.

The open pit operation identified 24% more metal over the trailing six months to March 2026 compared to its reserve model.

The company stated that the CMA underground is performing well as it transitions into full production status.

Work plans for FY27 focus on converting inferred resources to extend open pit operations and exploring the CMA Southwest and ROZA deposits.

Following the announcement, the Perseus Mining share price was unchanged at $4.80.

The gold producer operates three primary African assets, including the Yaouré and Sissingué mines in Côte d’Ivoire alongside the Edikan mine in Ghana.

In June, the company expanded its ongoing capital management initiative by increasing its on-market share buyback programme to $150 million.