Endeavour Mining plc announces the achievement of commercial production at both its Sabodala-Massawa BIOX Expansion in Senegal and the Lafigué mine in Côte d’Ivoire, on schedule and within budget. The projects are expected to drive stronger operating performance in the second half of the year and contribute to free cash flow generation.
Thursday, September 12, 2024 11:00 PM PDT• Commercial production achieved on budget and on schedule at the Sabodala-Massawa BIOX Expansion and the Lafigué mine on 1 August 2024
• The Group remains on track to achieve its full-year production guidance with AISC near the top end of the guided range– Endeavour Mining plc is pleased to announce that it has achieved commercial production at both its Sabodala-Massawa BIOX Expansion in Senegal and at its Lafigué mine in Côte d’Ivoire, effective as of 1 August 2024. Both projects have been completed on budget and on schedule, with the full ramp up to nameplate capacity underway.
During July and August, throughput rates, plant availability and recovery rates consistently exceeded our commercial production criteria for a period of at least 30 days and all major capital expenditure has been completed with the project’s construction team having now largely demobilised, completing the successful handover to the operation’s team.
In April 2022, Endeavour launched the construction of the 1.2Mtpa BIOX circuit to process the large refractory ore resource with first gold achieved on 18 April 2024 and commercial production achieved on 1 August 2024. As at 31 December 2023, Proven and Probable reserves totalled 53.1Mt at 2.05 g/t containing 3.5Moz of gold and Measured and Indicated resources totalled 88.2Mt at 1.92 g/t containing 5.4Moz of gold.
As at 31 December 2023, Proven and Probable reserves totalled 49.8Mt at 1.69 g/t containing 2.7Moz of gold and Measured and Indicated resources totalled 46.2Mt at 2.04 g/t containing 3.0Moz of gold.
Mining Production Endeavour Mining Sabodala-Massawa BIOX Expansion Lafigué Mine Free Cash Flow
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