Ity's CIL plant successfully expanded
TSX-listed Endeavour Mining has completed the expansion of the capacity of the carbon-in-leach (CIL) plant at its Ity mine, in Côte d’Ivoire, to five-million tonnes a year.
The gold miner on Thursday said the plant had achieved an annualised throughput of above five-million tonnes for the past two weeks.
After having commissioned the initial four-million-tonne-a-year plant in April, Endeavour embarked on the $10-million to $15-million project to expand the plant's capacity by 25%.
"With the plant upsize now complete, we are well positioned for 2020 and beyond. We believe the increased plant capacity will help accelerate the value created through exploration,” Endeavour president and CEO Sébastien de Montessus commented.
Further, the company has also acquired the highly prospective Mahapleu tenement for a minimal cash consideration and a royalty based on a sliding scale, depending on the gold price.
“We are very excited to have consolidated control of the entire 125 km Birimian corridor along the Ity mine. The Mahapleu tenement is a highly prospective area which remains unexplored despite being located within proximity to the Ity mine.
"With our primary exploration objective of extending mine lives beyond ten years for both Houndé and Ity well on track, we can now focus on increasing our greenfield exploration efforts in Côte d’Ivoire, with Mahapleu ranking high within our large greenfield portfolio, alongside Fetekro,” said Endeavour executive VP of exploration and growth Patrick Bouisset.
The gold miner plans to initiate ground surveys at the newly acquired tenement early in 2020.
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