11:46 AM EDT, 09/19/2025 (MT Newswires) -- Perseus Mining ( PMNXF ) late Thursday said it has received a presidential decree authorizing the development and operation of the CMA underground project at the Yaoure gold mine from Cote d'Ivoire President Alassane Ouattara.

This follows the approval of an environmental and social impact assessment and issuance of a Ministerial Arrete by the minister of environment, sustainable development and ecological transition in May.

The approvals were supported by the minister of mines, petroleum and energy and were prerequisites for the start of the project's development phase.

The establishment of the underground operation below the CMA open pit will extend Yaoure's mine life until at least 2035, based on currently delineated mineral resource and ore reserves.

First ore production is planned for January 2026, and commercial production is scheduled for March 2027.

Perseus' share price at last look Friday gained 2.1% to $3.90 on the TSX.

Price: 3.90, Change: +0.08, Percent Change: +2.09