https://www.engineeringnews.co.za

Endeavour launches low-cost brownfield expansion project

4th April 2022

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

London- and Toronto-listed Endeavour Mining has announced it will soon start construction on the expanded Sabodala-Massawa project, in Senegal.

A definitive feasibility study on the expansion project confirms it can incorporate a 1.2-million-tonne Biox plant to process high-grade refractory ore from the Massawa deposits, alongside the main 4.2-million-tonne-a-year carbon-in-leach plant.

This expansion will yield incremental production of 1.35-million ounces of gold at a low all-in sustaining cost of $576/oz over the life of the expansion project.

Sabodala-Massawa is poised to produce an average 373 000 oz/y over the next five years.

The expansion project will cost about $290-million and will be self-funded by the existing Sabodala-Massawa operation.

It has an after-tax internal rate of return of 72% and a net present value of $861-million.

The Biox plant has a quick 1.4-year payback period and is expected to generate $200-million of free cash flow a year during its first five years of operation.

First gold from the Biox plant is anticipated in early 2024.

Meanwhile, Endeavour remains on track to discover its targeted 2.3-million to 2.7-million ounces of indicated resources at the Sabodala-Massawa project over the 2021 to 2025 period.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.05 0.944s - 140pq - 2rq
Subscribe Now