Endeavour plans to produce 50% more gold in 2021
(Kitco News) - Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) announced today that it has increased its guidance for 2021 to include production from the recently integrated Sabodala-Massawa and Wahgnion mines, following completion of the Teranga Gold acquisition.
The company said that consolidated 2021 production guidance for continuing operations has increased from 900,000 – 990,000 ounces to 1,350,000 – 1,475,000 ounces, while consolidated AISC guidance has decreased by $40/oz to $840 – $890/oz.
Endeavour’s 2021 exploration budget increased by 40% to $70 - $90m with strong focus on newly acquired assets and greenfield properties. Construction for Sabodala-Massawa Phase 1 expansion expected to be completed by year-end, and DFS for Phase 2 expansion expected by year-end.
Endeavour Mining is one of the world’s top ten senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.