West Africa-focused gold miner Endeavour Gold’s 90%-owned Houndé project, in Burkina Faso, has entered the first phase of construction after the company’s board took a construction decision, the company announced on Monday.
The Houndé project was expected to deliver average production of 190 000 oz/y over a ten-year mine life at an all-in sustaining cost of $709/oz, based on current reserves. The TSX-listed company advised that during the first four years of operation, Houndé would produce on average 235 000 oz of gold a year, at AISC of $610/oz.
