The Ity mine is one of Endeavour’s cornerstone assets, where the goal is to sustain production above 250koz/year over a +10-year life of mine at an industry-leading AISC.
Key stats
343 koz
2024 Production
$919/oz
2024 AISC1
290 koz – 330 koz
2025 Production guidance
$975/oz – $1,100/oz
2025 AISC1 guidance
$900/oz – $1,030/oz
2025 Cash Cost1 guidance
1. This is an alternative performance measure (non-GAAP measure). Please refer to the Alternative Performance Measures sections in the Annual Report 2023 Financial Review for definitions and reconciliations of alternative performance measures to IFRS.
Ity mine
Ity has the longest operating history of any gold mine in Côte d’Ivoire. The first gold pour occurred in 1991 and the mine has produced more than 1.4Moz of gold since. Endeavour acquired the Ity mine in 2015, later increasing its stake to 85% in 2018 when the CIL plant was built.
At the Ity mine, Endeavour is advancing its optimisation initiatives, while exploration continues to delineate high-grade resources through near-mine exploration.
Gallery
Ity mine
Key facts
Ownership
85% Endeavour, 10% Government of Côte d’Ivoire, 5% SODEMI
Mining method
Open Pit/Contractor Mining
Production start date
2019 for the CIL Plant
Processing Technology
CIL Plant
Expected mine life
+12 years
Workforce
Approximately 940
Location
Timeline
Exploration potential
Exploration focus
At Ity, the discovery of between 1.0 and 1.5Moz of mineral resources over the 2026 to 2030 period is targeted.
Following the successful 50% increase in Ity’s mine reserves in 2024, near-term exploration efforts will focus on targets along the Ity trend including Gbampleu, Guimapleu, Guya and Monta-Bâ within the Toulepleu permit, in addition to the Mahapleu and Goleu targets. The Toulepleu permit presents an opportunity for Ity to vastly expand its resource in the long-term, while the deposits within the Ity mining permit retain the potential to improve operational efficiency through the Ity donut expansion, where a scoping study is ongoing.
The Gbampleu discovery
The Gbampleu discovery is 22km south of the Ity processing plant. The prospect sits in the centre part of the Toulepleu-Ity greenstone belt, on the southern border of the Guimapleu granodioritic mole.
Mineralisation consists of a set of sub-parallel SW-NE shear zones moderately to steeply dipping to the NW and associated with silica-biotite-sericite alteration and a pyrite-sphalerite. Drilling is focussed on confirming the continuity of mineralisation at depth, where local high-grade zones of mineralisation have been identified and are believed to be associated with a large intrusion-related gold system.
| Operational data | FY-15 | FY-16 | FY-17 | FY-18 | FY-19 | FY-20 | FY-21 | FY-22 | FY-23 | FY-24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Mining | ||||||||||
| Waste - open pit (kt) | 311 | 4,916 | 5,237 | 2,901 | 8,320 | 14,898 | 17,044 | 16,902 | 21,101 | 22,465 |
| Ore mined - open pit (kt) | 64 | 1,186 | 1,410 | 1,127 | 5,733 | 8,571 | 7,906 | 7,044 | 6,790 | 7,954 |
| Processing | ||||||||||
| Ore mined - open pit (kt) | 71 | 1,173 | 1,194 | 1,307 | 3,693 | 5,353 | 6,248 | 6,351 | 6,714 | 7,954 |
| Grade (g/t) | 2.39 | 2.20 | 1.85 | 2.49 | 1.88 | 1.57 | 1.67 | 1.80 | 1.63 | 1.64 |
| Recovery (%) | 81 | 93 | 83 | 81 | 86 | 79 | 80 | 85 | 92 | 91 |
| Production (oz) | 5,689 | 75,867 | 59,026 | 84,832 | 190,438 | 212,812 | 271,832 | 312,517 | 323,811 | 342,864 |
| Cash cost details | ||||||||||
| Cash cost per ounce sold (US$/oz) | 550 | 606 | 733 | 646 | 557 | 764 | 750 | 769 | 777 | 890 |
| All-in sustaining costs (US$/oz) | 683 | 756 | 906 | 719 | 616 | 807 | 836 | 812 | 809 | 919 |
| Key metrics | FY-17 | FY-18 | FY-19 | FY-20 | FY-21 | FY-22 | FY-23 | FY-24 |
|---|---|---|---|---|---|---|---|---|
| Safety and health | ||||||||
| Fatalities | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Lost Time Injuries | 2 | 0 | 2 | 3 | 0 | 0 | 0 | 0 |
| Energy | ||||||||
| Energy consumption (GJ) | 404,982 | 738,346 | 946,411 | 1,446,685 | 1,428,339 | 1,516,540 | 2,016,732 | 2,183,767 |
| Energy intensity (GJ/oz of production) | 6.9 | 8.7 | 4.9 | 6.8 | 5.3 | 4.9 | 6.2 | 6.4 |
| Emissions | ||||||||
| GHG emissions (tCO2e) | 52,198 | 51,863 | 51,628 | 80,218 | 88,262 | 107,408 | 258,483 | 161,926 |
| GHG emissions intensity (tCO2e/oz of production) | 0.9 | 0.6 | 0.3 | 0.4 | 0.4 | 0.5 | 0.8 | 0.5 |
| Water | ||||||||
| Water withdrawal (ML) | 953 | 12,014 | 7,161 | 8,472 | 1,862 | 2,513 | 2,959 | 3,640 |
| Water withdrawal Intensity (ML/oz of production) | 0.02 | 0.02 | 0.05 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Water consumption (ML) | 176 | 5,099 | 1,755 | 8,472 | 1,862 | 2,552 | 1,007 | 1,068 |
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| On a 100% basis. Resources shown inclusive of reserves |
Tonnage (Mt) |
Grade (Au g/t) |
Content (Au koz) |
|---|---|---|---|
| Proven reserves | 11.3 | 0.91 | 331 |
| Probable reserves | 67.3 | 1.49 | 3,222 |
| P&P reserves | 78.6 | 1.41 | 3,553 |
| Measured resources | 11.4 | 0.91 | 331 |
| Indicated resources | 97.8 | 1.62 | 5,093 |
| M&I resources | 109.1 | 1.55 | 5,423 |
| Inferred resources | 9.1 | 1.59 | 467 |
Current at 31 December 2024