Endeavour Mining Unveils Promising PFS Results for Assafou Project in Côte d’Ivoire

The latest update is out from Endeavour Mining ( (TSE:EDV) ).

Endeavour Mining has announced positive results from its Pre-Feasibility Study (PFS) for the Assafou project in Côte d’Ivoire, highlighting its potential as a tier 1 asset. The PFS projects an annual production of 329,000 ounces of gold at an all-in sustaining cost (AISC) of $892 per ounce over the first ten years, with robust after-tax economic metrics including a net present value (NPV) of $1,526 million and an internal rate of return (IRR) of 28% at a $2,000/oz gold price. This positions Assafou as a key component in Endeavour’s strategy to achieve long-term production growth and maintain its status as a low-cost gold producer, potentially benefiting stakeholders through enhanced capital allocation and shareholder returns.

More about Endeavour Mining

Endeavour Mining plc is a leading gold mining company with operations focused primarily in West Africa. The company engages in exploration, development, and production of gold assets, aiming to maintain a diversified portfolio and deliver significant shareholder returns.

YTD Price Performance: -5.65%

Average Trading Volume: 504,034

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$6.57B

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