Endeavour Mining successfully achieved its first gold pour at the Lafigué mine in Côte d’Ivoire, marking a major milestone ahead of schedule and on budget, with projected production expected to enhance its asset portfolio and shareholder returns.

Target Information

The Lafigué mine, located in north-central Côte d’Ivoire, represents a pivotal asset for Endeavour Mining. It is positioned at the northern end of the Birimian aged Oumé-Fetekro greenstone belt, approximately 500 kilometers from Abidjan by road. The mine benefits from proximity to established infrastructure, including paved roads and high voltage power supply. Endeavour Mining holds an 80% ownership stake in the mine, while the Ivorian Government and SODEMI own 10% each.

Since construction commenced in Q4-2022, the Lafigué project has achieved significant milestones, notably the first gold pour on June 28, 2024, just 21 months after construction began. This accelerated timeline highlights Endeavour's effective project management and operational capabilities. With a projected annual production of over 200,000 ounces and an all-in sustaining cost (AISC) between $900 and $975 per ounce, Lafigué is poised to enhance Endeavour's production profile and financial performance.

Industry Overview in Côte d'Ivoire

Côte d’Ivoire is rapidly emerging as one of West Africa's leading gold-producing nations. The country has experienced a significant increase in exploration and production activities, primarily driven by forei