Strong Sustainability Performance Enables Perseus Mining to Provide US $ 385 Million to Ivorian and Ghanaian Economies in 2020



Perseus Mining Limited (TSX & ASX: PRU) (www.PerseusMining.com) has released its CY20 sustainability report. The report details the company’s progress over the past 12 months in fulfilling its commitment to responsible mining operations in Côte d’Ivoire and Ghana, including an overall economic benefit to host countries totaling approximately $ 385 million. USD.

As part of its long-standing commitment to the communities in which it operates, Perseus reported a 71% increase in community investment to approximately US $ 1.9 million at CY20, funding infrastructure projects essential health and education for local communities. In addition, Perseus announced that it had increased its proportion of local purchases from 66% in CY19 to 78% in CY20, totaling US $ 287 million, and had further increased its employment of local people, with 96% of its current workforce in Ghana and Ivory Coast.

Jeff Quartermaine, Managing Director and CEO of Perseus, said:

“Sustainability is deeply rooted in the culture and operations of Perseus and has played an important role in our resilience during this difficult year. We believe that responsible gold mining can play a key role in sustainable development, and that investing in our people and communities to create sustainable social value will remain a driver of our growth and future business operations. . I am proud of my team’s effective response to the pandemic which has succeeded in protecting our operations as well as our population, allowing us to deliver our Yaouré mine in Côte d’Ivoire this year earlier than planned. Our approach to sustainability has continued to mature as our business has grown, and in the years to come, we look forward to expanding our ESG offering and having a greater impact in Côte d’Ivoire. and Ghana.

Jessica Volich, Group Sustainability Manager at Perseus, said:

“Despite the challenges of the past year, Perseus’ sustainability program has continued to strengthen and evolve as its business expands. Our far-reaching efforts and engagement with our local communities and host governments have enabled us to create shared sustainable value for all of our stakeholders. We are committed to strengthening these relationships in the years to come as we strive to generate socio-economic value for our people, communities and host countries. “

During CY20, Perseus improved its reporting on sustainability risks and opportunities by aligning with key reporting frameworks used by our stakeholders. These include the World Gold Council’s Principles of Responsible Gold Mining, the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) and the Climate Related Financial Disclosures Working Group (TCFD).

Highlights of the report include:

Economic and social contribution

  • Total economic contribution of US $ 385 million during CY20 in Ghana and Côte d’Ivoire
  • Increased community investment by 71% (from CY19) to around US $ 1.9m in CY20, funding essential health and education infrastructure projects for local communities and providing COVID-19 support
  • Creation of new health clinics near Sissingué to improve health outcomes for ~ 27,000 inhabitants of local communities
  • Increased employment in the country, with more than 96% of total host country employees
  • Local procurement expenditure of $ 287M, an increase from 66% in CY19 to 78% in CY20
  • Held 587 consultations with local communities
  • Paid> US $ 69 million in taxes, royalties and fees to the government

Health and safety performance:

  • Maintaining a record of zero workplace fatalities and reduced injuries
  • Implementation of comprehensive measures and protocols to prevent the introduction and spread of COVID-19 and maintain business continuity

Environmental stewardship:

  • Reuse of 12,495,163 KL of water
  • 7.46 M water intensity3/ ounce of gold produced, compared to its peers
  • Improving tailings disclosure in line with the Mine and Tailings Safety Investor Initiative, and performing independent audits of all of our tailings storage facilities (TSF)


  • Collaboration with independent sustainability risk experts, KPMG, to update the sustainability materiality analysis and conduct a more in-depth analysis of sustainability risks and opportunities, and begin development of a 3-year sustainability roadmap
  • Announcement of the appointment of a new director by the end of fiscal year 21 to strengthen the board’s skills in sustainable development
  • First Modern Slavery Statement Released to Address Potential Human Rights Risks in Perseus‘ Global Supply Chain

Future ambitions

  • Establish a 3-year sustainability roadmap and improve social value and sustainability risk management through updates to the risk management framework and policy standards
  • Set up the Yaouré Community Development Fund in FY21
  • In fiscal years 21 and 22, Perseus will complete and begin the implementation of our biodiversity plan at the Yaouré mine site in Côte d’Ivoire and establish our site nursery, which will be made up of members of the local community.
  • Explore strategic opportunities for community partnerships in Côte d’Ivoire and Ghana
  • Achieve full alignment with the World Gold Council’s Principles of Responsible Gold Mining by FY 23

Short Link: https://wp.me/pcj2iU-3zrj

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