Report

Endeavour Mining - Ity CIL project pours first gold

On 19 March, Endeavour announced that the Ity CIL project had poured its first gold, approximately four months ahead of schedule (and within 18 months of its start) and under budget. The crushing, milling and CIL circuits are all reported to have rapidly achieved their stable nameplate capacity of 4Mtpa and commercial production is expected to be declared early in Q219. Following performance tests, Endeavour has launched an optimisation and de-bottlenecking exercise to increase plant nameplate capacity by 1Mtpa, or 25%, to 5Mtpa, at a minimal cost of US$10–15m.
Underlying
Endeavour Mining Corporation

Endeavour Mining is engaged in the acquisition, exploration and development of gold properties in West Africa.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

.

Analysts
Charles Gibson

Other Reports on these Companies
Other Reports from Edison Investment Research

ResearchPool Subscriptions

Get the most out of your insights

Get in touch