Paul Day, General Manager at Lafigué with the first gold bar poured at the mine

July 02 2024 06:00:49 — Endeavour Mining plc has successfully poured the first gold from its Lafigué mine in Côte d’Ivoire on June 28, 2024, three months ahead of schedule and on budget. This milestone highlights the company’s commitment to timely project delivery.

Ramp-Up to Full Production by Q3-2024

Commercial production and the subsequent ramp-up to a nameplate plant capacity of 4.0 million tonnes per annum (Mtpa) are expected to be achieved by the third quarter of 2024. Since the fourth quarter of 2023, over 17.8 million tonnes of total material have been moved, with over 1.8 million tonnes of ore at a grade of 1.37 grams per tonne (g/t), totaling over 80,000 ounces (oz) mined and stockpiled ahead of the processing plant ramp-up.

Production Forecasts for FY-2024 and FY-2025

Lafigué is expected to produce between 90,000 to 110,000 oz of gold at an all-in sustaining cost (AISC) of $900 to $975 per ounce in the fiscal year 2024. Production is anticipated to increase to approximately 200,000 oz in fiscal year 2025.

A Decade of Success in West Africa

The Lafigué mine marks the fifth project Endeavour has constructed in West Africa over the past decade, with all projects delivered on budget and on or ahead of schedule, within two years or less.

Update: Bundeswehr Orders 6,500 Trucks From Rheinmetall, Worth €3.5Bn

Update: Givaudan Acquires B.Kolormakeup & Skincare, Boosting Beauty Sector, Especially Makeup

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

Leave a Reply

Your email address will not be published. Required fields are marked *

GDPR Cookie Consent with Real Cookie Banner