2014 will mark the achievement of a major production milestone for TSX/ASX-listed West African gold mining focused company Endeavour Mining as it hits the 400 000+ annual gold ounce target, CEO Neil Woodyer tells Laura Cornish.
Thanks to production start-up at its new Agbaou operation in Côte d’Ivoire at the end of 2013, Endeavour kicked off 2014 with four operating mines. Impressively, they are in four different West African countries – Mali, Ghana, Burkina Faso and Côte d’Ivoire. “We are simple but profitable West African miners,” Woodyer starts. “Our operations are all opencast (except for Tabakoto which also has two underground mines); they have reasonable grades, on average about 2.4 g/t which is good for the region; and use simple metallurgical recovery processes with no strange sulphide and refractory ores. We use the tried-and-tested carbon-in-leach (CIL) process and the low-risk contract mining approach for the open pits.”
“Last year (2013) was a very heavy capital expenditure year which saw us spend about US$220 million to deliver on our guidance promise to produce 325 000 oz of gold. Completing the construction of our cashflow-generating Agbaou mine slightly ahead of schedule and under budget was one of the final steps necessary to reach our target of producing between 400 and 440 000 ozpa of gold,” Woodyer explains.