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
Q2-2024
Anticipated first gold production
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.
Gallery
Mine built on budget and ahead of schedule in under 2 years
Lafigué rice farming initiative
Working with local suppliers
Developing local talent
Lafigué mine
Key facts
Ownership
80% EDV; Côte d’Ivoire; 10% SODEMI
Mining method
Open pit/Contractor Mining
Production start date
Expected Q2 2024
Processing Technology
CIL Plant
Expected mine life
12.8 years
Workforce
1,551 expected during production
Location
Timeline
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.
| 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
