Asset Report
Nyanzaga mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Nyanzaga Gold Project (Open pit), located in north-western Tanzania’s Mwanza Region, was acquired by Perseus in Q2 2024 through OreCorp Ltd. Owned 80% by Perseus and 20% by the Tanzanian govt. via Nyanzaga Mining Corp. Ltd, the project has an 11-year Phase 1 mine life. Estimated total gold production is 2.01 million ounces from 52 million tonnes at 1.40 g/t gold. Annual output averages 200,000 ounces (peaking at 246,000 in FY28). Life-of-mine AISC is $1,211/oz, with $523 million capital to first gold pour, targeted for Q1 2027. Wood Mackenzie’s report on Oko West provides a comprehensive, bottom-up analysis of asset performance and economics. It incorporates granular data on costs and production to generate industry-standard cash operating costs, alongside a detailed timeline from project inception to present. The report’s qualitative analysis is supplemented by an Excel download, enabling users to further explore cost and production metrics over the project's operating life.
Table of contents
- Summary
- Key issues
- Mining
- Processing
- Royalties & Taxes
- Capital Costs
- Closure Costs
- Offtake agreement and refining contracts
Tables and charts
This report includes the following images and tables:
- Detailed Map
What's included
This report contains:
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