Edikan Gold Mine Production Update

PERTH, WESTERN AUSTRALIA, Jan. 2, 2013 /CNW/ - Perseus Mining Limited (ASX / 
TSX: PRU) ("Perseus" or the "Company") advises that gold production at its 
Edikan Gold Mine in Ghana is now estimated to be 49,000 ounces for the 
December 2012 Quarter. The lower end of the revised production guidance 
announced on 23 November 2012 for this quarter was 58,500 ounces. 
The production shortfall resulted, principally, from low crusher output from 
the time of the November guidance until the planned December maintenance 
shutdown, followed by a much longer than expected shutdown of eight days in 
December for the liner change and remedial work. The production shortfall 
was exacerbated by a shortage of crushed material on the coarse ore stockpile 
to feed the mill during the crusher shutdown and lower recoveries largely 
attributable to milling a higher proportion of oxide ore to compensate for the 
lack of crushed primary ore. 
After the crusher recommenced operations on 21 December it crushed 162,193t in 
the first 149 operating hours at a near record rate of 1,088t/hr, excluding 
additional oxide feed of 148 dtph. 
The Company will provide a detailed update on the Edikan primary crusher and 
mill performance with the release of the quarterly operating results in 
mid-January after all production and maintenance reports have been received 
and reviewed. 
Mark Calderwood
Managing Director 
About Perseus Mining Limited 
Perseus Mining Limited(ASX/TSX: PRU)has forged a reputation as one of West 
Africa's most successful gold explorers focused on under-explored gold belts 
in West Africa. In August 2011 Perseus became a producer at its Edikan Gold 
Mine in Ghana. Details of the project and mine plan are set out in the 
technical report entitled "Technical Report - Central Ashanti Gold Project, 
Ghana" dated May 30, 2011. 
Perseus will make a final development decision in respect of its Sissingué 
Gold Project, part of the Tengrela Gold Project in Côte d'Ivoire, when 
clarity of the fiscal regime which will be applied to the project is 
achieved. Production from Sissingué could start in early 2014 subject to 
achieving such fiscal certainty. Sissingué and the broader Tengrela Gold 
Project have the potential to become a significant contributor to the 
Company's goal to develop into a 400,000-ounce per annum gold producer during 
2014. Details of the project are set out within "Technical Report - 
Tengrela Gold Project, Ivory Coast" dated December 22, 2010. 
Caution Regarding Forward Looking Information: This report contains 
forward-looking information which is based on the assumptions, estimates, 
analysis and opinions of management made in light of its experience and its 
perception of trends, current conditions and expected developments, as well as 
other factors that management of the Company believes to be relevant and 
reasonable in the circumstances at the date that such statements are made, but 
which may prove to be incorrect. Assumptions have been made by the Company 
regarding, among other things: the price of gold, continuing commercial 
production at the Edikan Gold Mine without any major disruption, development 
of a mine at Tengrela, the receipt of required governmental approvals, the 
accuracy of capital and operating cost estimates, the ability of the Company 
to operate in a safe, efficient and effective manner and the ability of the 
Company to obtain financing as and when required and on reasonable terms. 
Readers are cautioned that the foregoing list is not exhaustive of all factors 
and assumptions which may have been used by the Company. Although management 
believes that the assumptions made by the Company and the expectations 
represented by such information are reasonable, there can be no assurance that 
the forward-looking information will prove to be accurate. 
Forward-looking information involves known and unknown risks, uncertainties, 
and other factors which may cause the actual results, performance or 
achievements of the Company to be materially different from any anticipated 
future results, performance or achievements expressed or implied by such 
forward-looking information. Such factors include, among others, the actual 
market price of gold, the actual results of current exploration, the actual 
results of future exploration, changes in project parameters as plans 
continue to be evaluated, as well as those factors disclosed in the Company's 
publicly filed documents. The Company believes that the assumptions and 
expectations reflected in the forward-looking information are reasonable. 
Assumptions have been made regarding, among other things, the Company's 
ability to carry on its exploration and development activities, the timely 
receipt of required approvals, the price of gold, the ability of the Company 
to operate in a safe, efficient and effective manner and the ability of the 
Company to obtain financing as and when required and on reasonable terms. 
Readers should not place undue reliance on forward-looking information. 
Perseus does not undertake to update any forward-looking information, except 
in accordance with applicable securities laws. 
To discuss any aspect of this announcement, please contact: Mark Calderwood at 
telephone +61 8 6144 1700 or emailmark.calderwood@perseusmining.com Nathan 
Ryan at telephone +61 3 9622 2159 or 
emailnathan.ryan@nwrcommunications.com.au (media) Rebecca Greco at telephone 
+1 416 822 6483 or emailfighouse@yahoo.com (Toronto) 
SOURCE: Perseus Mining Limited 
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CO: Perseus Mining Limited
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