
Construction underway at flagship Ivory Coast gold project
CONSTRUCTION is underway at Endeavour Mining’s 85 per cent-owned Agbaou gold project in the Ivory Coast, and the project is now on schedule for first production in early 2014. The $159 million project is expected to average production of 103,000 ounces of gold per annum across an initial eight year mine life, at cash costs of $635 per ounce. Endeavour already owns two gold mines in Ghana and Burkina Faso, which produce about 180,000 ounces per annum, generating significant operating cash flows to fund exploration and development growth. Agbaou, which lies 200km north-west of the port city of Abidjan, is Endeavour’s most advanced property in the Ivory Coast. Approval for construction to begin at Agbaou was granted after Endeavour undertook…