The mining company Endeavor Mining has successfully announced the first gold pour from its mine expansion project in Senegal , meeting the planned deadlines and maintaining the estimated budget.
An efficient and planned expansion project
This achievement highlights the efficiency and dedication of the project team, which has worked tirelessly to achieve this without incident, accumulating more than three million man hours of safe work.
[post_relacionado]Besides, the expansion of the Sabodala-Massawa mine is projected as an asset within Endeavor’s experience, with an estimated annual production that could reach between 360,000 and 400,000 ounces of gold by 2024, with estimates of exceeding 400,000 ounces annually by mid-2025.
The mine is located in the prolific Birimian Green Rock Belt and has been the subject of significant investment which includes the installation of a BIOX plant with the capacity to process 1.2 million tonnes of ore per year.
Mine expansion in Senegal
This expansion project, which had an initial capital cost of $290 million, which will increase the productive capacity of the mine, and will solidify its position as one of the lowest-cost operations in the industry, with total sustained cost per ounce expected to remain between $750 and $850.
The expansion of the plant in Sabodala-Massawa. Source: Endeavor Mining
Endeavor Mining , a UK-based company, acquired a 90% interest in the Sabodala-Massawa mine in February 2021, as part of its acquisition of Teranga Gold. The government of Senegal retains the remaining 10% of the mine, highlighting the collaboration between the mining company and the Senegalese state.
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Source and photo: Endeavor Mining