Edikan (Au)

gold mine

Location: Ghana, Rest of World
Operator: Perseus Mining Limited
Royalty: NSR: 1.5%

In 2011, Franco-Nevada acquired an effective 1.5% NSR royalty on Perseus Mining Limited’s (“Perseus”) Edikan gold mine in Ghana, centered on the Ashanti Gold Belt which includes two mining leases of approximately 93 km2.

In June 2015, Perseus’ Supplementary Environmental Impact Statement was approved which was required for mining the Fetish, Chirawewa, Bokitsi (collectively referred to as the “Eastern Pits”) and Esuajah North gold deposits. An upgrade to the mill and relocation of housing was successfully completed by the end of 2016. Underground mining is to commence at Esuajah South in 2021.

Perseus has produced over 1,650,000 ounces of gold from Edikan as of the end of June 2020, with 2020 production at Edikan of 171,638 ounces of gold compared with 179,573 ounces of gold in 2019.

Edikan has a mine life of approximately 7 years and production in Perseus’ 2021 fiscal year, based on December 2020 half year guidance, is expected to be between 155,000 to 165,000 gold ounces. Exploration opportunities are expected to further extend the current mine life at Edikan while focusing on new exploration targets within trucking distance.


  • Exploration potential to further extend current mine life

2020 2019 2018
Revenue to Franco-Nevada ($ million) $ 4.4 $ 3.6 $ 4.3
gold mine map