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.

Key stats

90 koz – 110 koz

2024 Production guidance

$900/oz – $975/oz

2024 AISC1 guidance

$242m

2023 Growth capital spend

Q3-2024

Commercial production achieved

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.

Lafigué mine

The Lafigué mine is the fifth project Endeavour has built in West Africa in the last ten years, all of which have been delivered on budget and on or ahead of schedule, in two years or less. 

Lafigué was discovered for a modest exploration investment of $31m, which represents a discovery cost of $12/oz. Construction began in Q4-2022 and first gold was poured ahead of schedule in Q2-2024.
 

Lafigué mine

Key facts

Ownership

80% EDV; 10% Côte d’Ivoire; 10% SODEMI

Mining method

Open pit/Contractor Mining

Production start date

Q2 2024

Processing Technology

CIL Plant

Expected mine life

12.8 years

Workforce

1,843 (Nov 2024)

Location

Portfolio map
Ity mine
Houndé mine
Mana mine
Sabodala-Massawa mine
Lafigué mine
Tanda Iguela project
Kalana project
Houndé exploration
Ity exploration
Mana exploration
Sabodala-Massawa exploration
Lafigué exploration
Siguiri 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 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
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 400koz/year at an industry leading AISC.
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Côte d'Ivoire
Lafigué mine
The Lafigué mine is located in the north-central region of Côte d'Ivoire, approximately 330 km north-northwest of Abidjan
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Côte d'Ivoire
Tanda Iguela project
At the Tanda-Iguela greenfield property Endeavour has delineated a 4.5Moz Indicated resource at 2 g/t Au for the Assafou deposit, demonstrating its Tier 1 asset potential and ranking as one of the most significant discoveries made in West Africa over the last decade.
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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
The Houndé Mine looks to meet the target of discovering 3.0 to 4.0 million ounces of Indicated resources over the next five years at a discovery cost of less than $19/oz.
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Côte d'Ivoire
Ity exploration
Endeavour has established a five year discovery target of 3.5 – 4.5 million ounces of Indicated resources at a discovery cost of less than $17/oz at Ity.
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Burkina Faso
Mana exploration
The primary objective is to increase the mine life to 10 years, and Endeavour sees considerable additional opportunity remaining with the five year discovery target for Mana now set for 1.0 to 1.5 million ounces of Indicated resources at a discovery cost of less than US$30/oz.
content_exploration-sabodala-massawa.jpg

Senegal
Sabodala-Massawa exploration
Endeavour has established a target to discover between 2.3 and 2.7 million ounces of Indicated resources at a discovery cost of less than $26/oz over the next five years.
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Côte d'Ivoire
Lafigué exploration
Lafigué is a greenfield discovery where over 3Moz of M&I resources have been discovered since Endeavour commenced drilling on the asset in 2018. Given the strong exploration potential, Endeavour is targeting the discovery of 1.2 – 1.8Moz of Indicated resources over the 2021 and 2025 period.
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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
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

2015

Exploration license acquired by EDV

2016

Ranked as top greenfield priority

2018

Maiden Resource

2020

EDV increases ownership & resource to 2.5Moz PEA results published

2021

Maiden reserve and PFS published

2022

DFS published and construction launched

Exploration potential

Lafigué Significant Intercepts

Lafigué is a greenfield discovery where over 3 Moz of M&I resources have been discovered since Endeavour commenced drilling on the asset in 2018. Given the strong exploration potential, Endeavour is targeting the discovery of 1.5–2.0 Moz of Indicated resources over the 2021 and 2025 period.

Endeavour’s aim is to further extend the Lafigué resources and test several additional exploration targets identified within ten kilometres of the Lafigué pit, which have received limited drilling.

High priority targets on Fetekro property

Approximately 20 targets were identified by a soil geochemical sampling campaign in 2017, within twelve kilometres of Lafigué, which have received limited drilling. For 2022, an exploration programme of $7.0 million has been planned at Fetekro. Initial results from the soil geochemical sampling and auger drilling, conducted during the first half of 2022, have highlighted eight targets for follow up, with additional drilling planned. Additional auger drilling is also planned to the southwest of the Lafigué deposit to test mineralised extensions of the existing resource along the strike.

Presentations and technical reports

Title Document
2024 Lafigué Site Visit Presentation View
2022 DFS Technical Report View
2021 PFS Technical Report View
Title Document
2024 Lafigué Site Visit Presentation View
2022 DFS Technical Report View
2021 PFS Technical Report View
On a 100% basis. Resources shown inclusive of reserves Tonnage
(Mt)
Grade
(Au g/t)
Content
(Au koz)
Proven reserves
Probable reserves 49.8 1.69 2,714
P&P reserves 49.8 1.69 2,714
Measured resource (incl of reserves)
Indicated resources (incl of reserves) 46.2 2.04 3,026
M&I resources (incl of reserves) 46.2 2.04 3,026
Inferred resources 1.6 1.98 102

Current at December 31, 2023

Reserves and resources