Endeavour’s Assafou DFS Confirms Cornerstone, Low-Cost Gold Project in Côte d’Ivoire

An announcement from Endeavour Mining ( (TSE:EDV) ) is now available.

Endeavour Mining has published a Definitive Feasibility Study for its Assafou gold project on the Tanda-Iguela property in Côte d’Ivoire, confirming a 16-year open-pit mine with proven and probable reserves of 4.4 million ounces and measured and indicated resources of 5.0 million ounces. The project is designed around a 5 million tonne-per-year gravity/CIL plant and is expected to deliver average production of 320,000 ounces annually at an all-in sustaining cost of $1,026 per ounce over the first eight years.

The study outlines after-tax net present value of $2.1 billion and a 28% internal rate of return at $2,500 per ounce gold, with upside at higher prices, supported by a $1.06 billion upfront capital cost that incorporates de-risking and future expansion. Endeavour has already started early works, engineering and key tenders, sees strong exploration upside from more than 20 satellite targets near Assafou, and positions the project as a cornerstone asset underpinning its plan to grow group production to about 1.5 million ounces by 2030 at first-quartile costs.

More about Endeavour Mining

Endeavour Mining is a West Africa-focused gold producer with operations and exploration projects across countries such as Côte d’Ivoire and Ghana. The company builds and operates open-pit gold mines and processing plants, targeting low-cost, long-life assets to support scalable organic production growth and strengthen its position as a leading regional gold miner.

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