Endeavour Mining has announced that it is on track to pour first gold at the Ity mine in the Ivory Coast by the middle of next year.
The company said the CAN$412-million construction project to upgrade Ity remains on-time and on-budget, adding that engineering, procurement and construction management (EPCM) design was progressing well, with nearly 50% complete.
The project is projected to extend Ity’s life by 14 years, based on current reserves of 2.9 million oz, up by one million oz since the latest feasibility study.
The company also has the Agabaou mine in the country; in 2017, that operation and Ity mine yielded a combined 236 000 oz of gold. That figure is expected to be at 245 000 oz in 2018.
Endeavour currently has seven mines and projects in African countries, including the Ivory Coast, Ghana, Mali and Burkina Faso.
The miner anticipates a combined output of between 670 000 and 720 000 oz of gold this year.
Read the article online at: https://www.globalminingreview.com/exploration-development/27022018/ity-mine-on-course-to-begin-production-by-mid-2019/