(Alliance News) - Endeavour Mining PLC on Monday reported its first gold pour at an expansion in Senegal, which it highlighted was on budget and on schedule.
The gold and silver mining company said the gold pour at the Sabodala-Massawa expansion was achieved on April 18, about 24 months after construction launch.
Endeavour Mining said it is on track to achieve its 2024 output guidance of 1.13 million to 1.27 million ounces of gold, at least 5.4% higher than 1.07 million ounces produced in 2023 and similar to 1.16 million ounces of gold produced in 2022.
Chief Executive Ian Cockerill said: "We are proud to have achieved our first gold pour at the Sabodala-Massawa BIOX expansion with over 3.5 million man hours worked with no lost time injuries. We have commissioned the project and delivered first gold in only 2 years, marking the fourth capital project that we have completed in the last 10 years. All of these have been completed in two years or less, and have been delivered on schedule, on budget and with no lost time injuries. This is a testament to the quality of our projects team and the competitive advantage we have in West Africa."
Endeavour Mining shares were 0.6% higher at 1,715.40 pence each in London on Monday morning.
By Tom Budszus, Alliance News slot editor
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Endeavour Mining (EDV)