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Edikan (Au)

gold mine

Location: Ghana
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. Production at Edikan was 179,573 ounces of gold in 2019 compared with 220,491 ounces of gold in 2018.

Edikan has a mine life of approximately 5 years and, as of June 2019, Perseus estimates average production of 180,000 ounces of gold per year with an all-in sustaining cost of $950 per ounce. Optimization studies, including the Esuajah South open-pit and underground feasibility study, are underway and set to be released in 2020 with additional new exploration opportunities identified at Agyakusu, 8 km from the Edikan mill.


  • Optimization studies underway aimed at mine life extension

2019 2018 2017
Revenue to Franco-Nevada ($ million) $ 3.6 $ 4.3 $ 3.7
gold mine map