The Houndé 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

288 koz

2024 Production

$1,294/oz

2024 AISC1

230 koz – 260 koz

2025 Production guidance

$1,225/oz – $1,375/oz

2025 AISC1 guidance

$1,070/oz – $1,200/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.

Houndé mine

The mine was built by Endeavour on time, on budget and with no lost time injuries with commercial production commencing in Q4-2017.

At the Houndé mine, Endeavour is focused on continuing to delineate additional high-grade resources through near-mine exploration to not only sustain production but to maintain the mine life above ten years.

Houndé mine

Key facts

Ownership

85% Endeavour, 15% Government of Burkina Faso

Mining method

Open pittable

Production start date

2017

Processing Technology

CIL Plant

Expected mine life

+12 years

Workforce

Approximately 1,860

Location

Portfolio map
Ity mine
Houndé mine
Mana mine
Sabodala-Massawa mine
Lafigué mine
Assafou project
Kalana project
Houndé exploration
Ity exploration
Mana exploration
Sabodala-Massawa exploration
Lafigué exploration
Siguiri exploration
Assafou exploration
Regional office
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Côte d'Ivoire
Ity mine
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.
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Burkina Faso
Houndé mine
The Houndé mine is located in the northern part of the highly prospective Houndé Greenstone Belt, approximately 60km south of the Mana mine.
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Burkina Faso
Mana mine
The focus at Mana is to increase the mine life to more than 10 years, through the expansion of the underground deposits and evaluating local open pit targets.
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Senegal
Sabodala-Massawa mine
The Sabodala-Massawa mine is one of Endeavour’s cornerstone assets and recently underwent an expansion which will elevate it to top-tier status with a targeted production of above 300koz/year at an industry leading AISC.
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Côte d'Ivoire
Lafigué mine
The Lafigué mine poured first gold at the end of Q2 2024 and is Endeavour’s newest cornerstone mine. The goal at Lafigué is to produce over 200koz per year at an industry leading all-in sustaining cost of approximately $900/oz for at least 13 years.
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Côte d'Ivoire
Assafou project
In 2024, Endeavour announced the 4.1Moz maiden reserve at the Assafou project, representing a 90% resource to reserve conversion.
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Mali
Kalana project
The Kalana project, acquired in 2017, is located approximately 250 km south of Bamako, the capital city of Mali. A positive pre-feasibility study (“PFS”) was published in February 2021.
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Burkina Faso
Houndé exploration
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Côte d'Ivoire
Ity exploration
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Burkina Faso
Mana exploration
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Senegal
Sabodala-Massawa exploration
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Côte d'Ivoire
Lafigué exploration
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Guinea
Siguiri exploration
The Siguiri exploration licenses are located in northwest Guinea, located next door to AngloGold’s Siguiri Mine.
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Côte d'Ivoire
Assafou exploration
Exploration continues at the Assafou deposit and other targets on the Tanda Iguela property
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Côte d'Ivoire
Regional office
Our regional hub for the company is located in the port city of Abidjan. Route du Lycée Technique, Abidjan, Côte d'Ivoire, 08 BP 872

Timeline

2012

Endeavour purchased Avion (Tabakoto and Houndé)

2013

Feasibility Study published

2015

Endeavour received mining permit for the Houndé Project

2016

Construction began in April

2016

Groundbreaking ceremony

2017

First gold pour in October

2020

Mining commenced at Kari pump deposit

2021

Mining commenced at Kari West

Exploration potential

Exploration targets Houndé

At Houndé, the discovery of between 1.5 and 2.0Moz of mineral resources over the 2026 to 2030 period is targeted.

Exploration efforts are currently focused on the large and high grade Vindaloo Deeps deposit, adjacent to the Houndé processing plant, where a maiden resource is expected in Q1-2026 and which the Company believes has the potential to continue expanding. Further exploration along the Kari Fault and at the Karba and Kari Deeps targets is also being prioritised to identify potential extensions to the existing Kari deposits’ mineralisation.

Operational data FY-17 FY-18 FY-19 FY-20 FY-21 FY-22 FY-23 FY-24
Mining  
Waste - open pit (kt) 14,827 35,659 35,225 38,171 45,420 39,736 42,260  38,454 
Ore mined - open pit (kt) 1,222 5,822 2,969 5,324 4,397 5,754 5,420  4,662 
Processing  
Ore processed (kt) 813 3,948 4,144 4,228 4,622 5,043 5,549  5,148 
Grade (g/t) 2.75 2.29 1.83 2.21 2.13 1.92 1.92  2.10 
Recovery (%) 95 94 93 93 92 93 91 84
Production (oz) 68,754 277,218 223,304 276,709 293,155 294,993 311,876 287,726 
Cash cost details  
Cash cost per ounce sold (US$/oz) 194 459 666 703 675 701 835 1,121
All-in sustaining costs (US$/oz) 335 564 862 837 843 809 943 1,294 

Operating performance 

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 0 0 0
Lost Time Injuries 0 0 0 0 1 0 0 0
Energy
Energy consumption (GJ) 587,563 1,319,195 1,362,398 1,615,355 1,825,431 1,722,770 1,879,252 1,997,111
Energy intensity (GJ/oz of production) 8.6 4.8 6.1 5.8 6.2 5.9 6 6.9
Emissions  
GHG emissions (tCO2e) 42,128 116,295 105,005 88,132 108,034 101,862 251,779 126,226
GHG emissions intensity (tCO2e/oz of production) 1 0.4 0.5 0.5 0.6 0.6 0.8 0.4
Water                              
Water withdrawal (ML) 1,167 4,199 2,307 2,215 2,785 3,406 2,776 3,252
Water withdrawal Intensity (ML/oz of production) 0 0.02 0.01 0.01 0.01 0.01 0.01 0.01
Water consumption (ML) 1 6,171 2,307 2,215 2,785 3,406 5,261 3,251

ESG performance

Our approach (to ESG)

Presentations and technical reports

Title Document
2022 Houndé Site Visit View
2021 Prospectus View
2019 Houndé Technical Report View
Title Document
2022 Houndé Site Visit View
2021 Prospectus View
2019 Houndé Technical Report View

NOTE: Historical technical reports are for reference only and are not be to relied upon

On a 100% basis.
Resources shown inclusive of reserves
Tonnage
(Mt)
Grade
(Au g/t)
Content
(Au koz)
Proven reserves 2.6 1.06 90
Probable reserves 55.9 1.42 2,554
P&P reserves 58.5 1.41 2,643
Measured resources 2.6 1.07 91
Indicated resources 64.8 1.53 3,182
M&I resources  67.5 1.51 3,273
Inferred resources 6.8 1.50 327

Current at 31 December 2024

Reserves and resources