Endeavour Mining has successfully completed its first gold pour at the Lafigué mine in Côte d’Ivoire, yielding approximately 380oz of gold from both the gravity and CIL circuits. The company began wet commissioning in May 2024 and has processed around 77,000 tonnes of ore since then.
The Lafigué mine, located in the Oumé-Fetekro greenstone belt, is expected to reach commercial production and its full capacity of 4mtpa in Q3 2024. Endeavour owns an 80% stake in the mine, with the Ivorian Government and SODEMI holding the remaining 20%.
With proven and probable reserves of 2.7 million ounces of gold, the Lafigué mine is a significant asset for Endeavour. The company’s CEO, Ian Cockerill, expressed pride in achieving the first gold pour at Lafigué, marking the completion of a phase of investment and growth that began in Q2 2022. He highlighted the potential of the mine to produce over 200koz per year for at least 13 years at a low all-in sustaining cost.
Endeavour is now focused on ramping up production at the Lafigué mine and aims to generate increased free cash flow, de-lever, and enhance shareholder returns. This milestone underscores the company’s commitment to delivering on its strategic objectives and creating value for its stakeholders in the mining industry.
