West Africa-focused miner Endeavour Mining has unveiled a new strategy under which the company is targeting the discovery of between 15 and 20 million oz of indicated gold resources over the next five years at an average cost of less than US$25 per oz.
“Our exploration strategy is centered on continuing to extend the mine lives of our core assets to well beyond ten years and discovering new greenfield projects. While we see significant opportunities across our portfolio, we are particularly pleased with the potential defined at our flagship mines: Sabodala-Massawa, Hounde and Ity,” said Sebastien de Montessus, the president and chief executive of the Canadian business.
Endeavour Mining says its operating assets are located in Senegal, Cote d’Ivoire and Burkina Faso. The company is also developing pro-jects and exploration assets in the Birimian Greenstone Belt across West Africa.