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
312 koz
2023 Production
$943/oz
2023 AISC1
260 koz – 290 koz
2024 Production guidance
$1,000/oz – $1,100/oz
2024 AISC1 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 extend the mine life as well.
Gallery
Houndé mine
Key facts
Ownership
90% Endeavour, 10% 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
Timeline
Exploration potential
Exploration targets Houndé
Located within the highly prospective Houndé Gold Belt (a +20 million ounce endowment along a 200 km corridor and host to the Mana Mine and Bantou Project), 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 $19/oz. This would place Houndé as a standalone +10 million ounce deposit with anticipated production above 250,000 oz/year.
Houndé exploration next targets
Focused on maintaining +10 year mine life exploration, efforts are centred on Vindaloo South, Mambo and the intersection between Kari Gap and Kari Center. Endeavour is excited by the drill results at the Mambo target which have defined a significant discovery. In the near term, Endeavour continues to drill out higher grade targets such as Sia Sianikoui and Dohoum. Endeavour is examining the potential mining of Golden Hill, an advanced stage exploration project as a satellite deposit and trucking material 25 km to the Houndé plant.
Operational data | FY-17 | FY-18 | FY-19 | FY-20 | FY-21 | FY-22 | FY-23 |
---|---|---|---|---|---|---|---|
Mining | |||||||
Waste - open pit (kt) | 14,827 | 35,659 | 35,225 | 38,171 | 45,420 | 39,736 | 42,260 |
Ore mined - open pit (kt) | 1,222 | 5,822 | 2,969 | 5,324 | 4,397 | 5,754 | 5,420 |
Processing | |||||||
Ore processed (kt) | 813 | 3,948 | 4,144 | 4,228 | 4,622 | 5,043 | 5,549 |
Grade (g/t) | 2.75 | 2.29 | 1.83 | 2.21 | 2.13 | 1.92 | 1.92 |
Recovery (%) | 95 | 94 | 93 | 93 | 92 | 93 | 91 |
Production (oz) | 68,754 | 277,218 | 223,304 | 276,709 | 293,155 | 294,993 | 311,876 |
Cash cost details | |||||||
Cash cost per ounce sold (US$/oz) | 194 | 459 | 666 | 703 | 675 | 701 | 835 |
All-in sustaining costs (US$/oz) | 335 | 564 | 862 | 837 | 843 | 809 | 943 |
Key metrics | FY-17 | FY-18 | FY-19 | FY-20 | FY-21 | FY-22 | FY-23 |
---|---|---|---|---|---|---|---|
Safety and health | |||||||
Fatalities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Lost Time Injuries | 0 | 0 | 0 | 0 | 1 | 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 |
Energy intensity (GJ/oz of production) | 8.6 | 4.8 | 6.1 | 5.8 | 6.2 | 5.9 | 6.0 |
Emissions | |||||||
GHG emissions (tCO2e) | 42,128 | 116,295 | 105,005 | 88,132 | 108,034 | 101,862 | 251,779 |
GHG emissions intensity (tCO2e/oz of production) | 1.0 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.8 |
Water | |||||||
Water withdrawal (ML) | 1,167 | 4,199 | 2,307 | 2,215 | 2,785 | 3,406 | 2,776 |
Water withdrawal Intensity (ML/oz of production) | 0 | 0.02 | 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 |
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On a 100% basis. Resources shown inclusive of reserves | Tonnage (Mt) |
Grade (Au g/t) |
Content (Au koz) |
---|---|---|---|
Proven reserves | 2.5 | 1.15 | 91 |
Probable reserves | 49.6 | 1.59 | 2,542 |
P&P reserves | 52.1 | 1.57 | 2,633 |
Measured resource (incl of reserves) | 2.5 | 1.16 | 92 |
Indicated resources (incl of reserves) | 70.6 | 1.64 | 3,730 |
M&I resources (incl of reserves) | 73.1 | 1.63 | 3,821 |
Inferred resources | 11.9 | 1.73 | 662 |
Current at December 31, 2023