Endeavour expects production to increase to 615-695koz at an AISC of $760-810/oz, due to the completion of its Ity CIL construction in early Q2. In addition, its 5-year exploration program aims to discover 10-15Moz of gold by 2021 which represents more than twice the reserve depletion during the period.
Endeavour is a West African gold producer focused on developing and operating a portfolio of high quality low-cost, long-life mines. Endeavour adopts an active portfolio management approach to focus on high quality assets with an investment criteria based on capital allocation efficiency and return on capital employed. With its technical teams all based in proximity to its mines, Endeavour has built a solid track record of exploration, development and operation in the highly prospective Birimian greenstone belt.