Commencement of Wet Commissioning at Lafigué Gold Project
Endeavour Mining has initiated wet commissioning at the Lafigué gold project in Côte d’Ivoire, expecting the first gold pour by the end of next month.
The wet commissioning involves the crushing, milling, and carbon-in-leach (CIL) circuits at the Lafigué processing plant.
Progress and Financials
The Lafigué project is nearing completion, with 94% of the work finished and the first ore introduced to the crushing and milling circuits on 24 May.
Currently, the ore stockpiles hold 1.6 million tonnes with an average gold grade of 1.30g/t, containing approximately 65koz of gold.
The overall capital expenditure for the project is $448m, with $434.9m, or 97%, already committed for the initial stage.
Production Expectations
For the financial year 2024, the anticipated production is between 90koz and 110koz at an all-in sustaining cost (AISC) of $900/oz-$975/oz.
CEO Statements
According to Endeavour Mining CEO Ian Cockerill, “Lafigué is set to become another cornerstone asset in Endeavour’s portfolio, with over 200koz of annual production at an all-in sustaining cost below $900/oz over its initial 13-year mine life.”
He further added, “Given its potential, we expedited the necessary technical studies before launching construction in Q4 2022, and we have now started wet commissioning at the project in only 21 months from construction launch, tracking ahead of schedule for first gold in late June.”
Additional Insights
This rapid progress in the Lafigué project showcases Endeavour Mining’s efficiency in project execution and the successful outcome of their exploration endeavors. The strategic focus on cost-effective exploration and development is evident in the project’s low discovery cost, highlighting the company’s commitment to operational excellence.
The expected average production of 203,000oz of gold per year and a mine life of over 12.8 years signify the long-term sustainability and revenue generation potential of the Lafigué project.
Commencement of Wet Commissioning at Lafigué Gold Project
Endeavour Mining has initiated wet commissioning at the Lafigué gold project in Côte d’Ivoire, expecting the first gold pour by the end of next month.
The wet commissioning involves the crushing, milling, and carbon-in-leach (CIL) circuits at the Lafigué processing plant.
Progress and Financials
The Lafigué project is nearing completion, with 94% of the work finished and the first ore introduced to the crushing and milling circuits on 24 May.
Currently, the ore stockpiles hold 1.6 million tonnes with an average gold grade of 1.30g/t, containing approximately 65koz of gold.
The overall capital expenditure for the project is $448m, with $434.9m, or 97%, already committed for the initial stage.
Production Expectations
For the financial year 2024, the anticipated production is between 90koz and 110koz at an all-in sustaining cost (AISC) of $900/oz-$975/oz.
CEO Statements
According to Endeavour Mining CEO Ian Cockerill, “Lafigué is set to become another cornerstone asset in Endeavour’s portfolio, with over 200koz of annual production at an all-in sustaining cost below $900/oz over its initial 13-year mine life.”
He further added, “Given its potential, we expedited the necessary technical studies before launching construction in Q4 2022, and we have now started wet commissioning at the project in only 21 months from construction launch, tracking ahead of schedule for first gold in late June.”
Additional Insights
This rapid progress in the Lafigué project showcases Endeavour Mining’s efficiency in project execution and the successful outcome of their exploration endeavors. The strategic focus on cost-effective exploration and development is evident in the project’s low discovery cost, highlighting the company’s commitment to operational excellence.
The expected average production of 203,000oz of gold per year and a mine life of over 12.8 years signify the long-term sustainability and revenue generation potential of the Lafigué project.
