PERSEUS MINING COVID-19 UPDATE
April 07 2020 - 6:35PM
Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX:
PRU) ”) wishes to advise that it has agreed to donate a total of
USD 387,500, including both cash and goods, to assist its host
governments and host communities in Ghana and Côte d’Ivoire in
their efforts to fight the spread of COVID - 19 in West
Africa.
As of April 6, 2020, there continues to be no
cases of COVID-19 infection reported by any of Perseus’s employees
or contractors operating at its Edikan and Sissingué gold mines, or
at the Yaouré gold mine construction site. This also extends to the
residents of host communities located adjacent to those operations
– as far as we know. Perseus is hopeful that the assistance that it
is providing, particularly that which will be delivered to local
health service providers, will help in maintaining the status
quo.
Supply chains for each of Perseus’s operating
sites remain open in both Ghana and Côte d’Ivoire although movement
of both local and foreign employees is currently impacted by
government-imposed travel restrictions. The company has implemented
a series of protocols at each of its operating sites aimed at
eliminating the possibility of infection of members of its
workforce needed to ensure business continuity. A healthy local
community, while an important consideration in its own right, will
materially assist this situation.
CEO and Managing Director, Jeff Quartermaine
Comments: |
“Prior to the onset of the COVID-19 contagion, a great deal of
commentary was made by market commentators on the importance to
investors of the ESG (environmental, social and governance)
behaviours of mining companies. The provision of the
financial and practical assistance by Perseus to our host
governments and communities that has been announced today is
totally consistent with Perseus’s long held strategy of practicing
sustainable mining – not just talking about it. The health and
well-being of our employees is of the utmost importance to us and
this starts by seeking to ensure that they all enjoy safe and
healthy living conditions. We will be working closely with Ghanaian
and Ivorian officials to ensure that our donations are directed to
assist our host communities do all in their power to prevent the
spread of the corona virus.” |
This market announcement was authorised for
release by the Board.
For further
information, please contact: |
|
|
Managing
Director: |
Jeff Quartermaine at telephone
+61 8 6144 1700 or emailjeff.quartermaine@perseusmining.com; |
|
|
General Manager BD &
IR: |
Andrew Grove at telephone +61 8
6144 1700 or emailandrew.grove@perseusmining.com |
|
|
Media
Relations: |
Nathan Ryan at telephone +61 4 20
582 887 or emailnathan.ryan@nwrcommunications.com.au
(Melbourne) |
Caution Regarding Forward Looking
Information: This report contains forward-looking
information which is based on the assumptions, estimates, analysis
and opinions of management made in light of its experience and its
perception of trends, current conditions and expected developments,
as well as other factors that management of the Company believes to
be relevant and reasonable in the circumstances at the date that
such statements are made, but which may prove to be incorrect.
Assumptions have been made by the Company regarding, among other
things: the price of gold, continuing commercial production at the
Edikan Gold Mine and the Sissingué Gold Mine without any major
disruption due to the COVID-19 pandemic or otherwise, development
of a mine at Yaouré, the receipt of required governmental
approvals, the accuracy of capital and operating cost estimates,
the ability of the Company to operate in a safe, efficient and
effective manner and the ability of the Company to obtain financing
as and when required and on reasonable terms. Readers are cautioned
that the foregoing list is not exhaustive of all factors and
assumptions which may have been used by the Company. Although
management believes that the assumptions made by the Company and
the expectations represented by such information are reasonable,
there can be no assurance that the forward-looking information will
prove to be accurate. Forward-looking information involves known
and unknown risks, uncertainties, and other factors which may cause
the actual results, performance or achievements of the Company to
be materially different from any anticipated future results,
performance or achievements expressed or implied by such
forward-looking information. Such factors include, among others,
the actual market price of gold, the actual results of current
exploration, the actual results of future exploration, changes in
project parameters as plans continue to be evaluated, as well as
those factors disclosed in the Company's publicly filed documents.
The Company believes that the assumptions and expectations
reflected in the forward-looking information are reasonable.
Assumptions have been made regarding, among other things, the
Company’s ability to carry on its exploration and development
activities, the timely receipt of required approvals, the price of
gold, the ability of the Company to operate in a safe, efficient
and effective manner and the ability of the Company to obtain
financing as and when required and on reasonable terms. Readers
should not place undue reliance on forward-looking information.
Perseus does not undertake to update any forward-looking
information, except in accordance with applicable securities
laws.
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