With Assafou, Côte d’Ivoire Strengthens Its Position in Endeavour’s West African Operations

Endeavour Mining, a leading West African gold producer, plans to bring its Assafou gold project in Côte d’Ivoire into production by the end of 2028, according to its operational report released last week. The new mine is expected to significantly boost Côte d’Ivoire’s share of the group’s total output, which currently comes from assets in Burkina Faso, Senegal, and Côte d’Ivoire.

The company operates exclusively in West Africa across five mines: Houndé and Mana in Burkina Faso, Sabodala-Massawa in Senegal, and Ity and Lafigué in Côte d’Ivoire. Lafigué began production in late 2024. Together, Ity and Lafigué are projected to produce up to 540,000 ounces of gold in 2025, representing 45% of Endeavour’s anticipated 1.2 million ounces for the year.

Construction of Assafou is slated to start in 2026, pending the necessary permits from Ivorian authorities. If approved and developed, it would become Endeavour’s third mine in Côte d’Ivoire and its second new site in the country within four years. A 2024 feasibility study estimates annual production at 329,000 ounces during Assafou’s first decade, highlighting the project’s role in broader geographic concentration and reform-related risk considerations.

Endeavour Mining, one of West Africa’s leading gold producers, plans to bring its Assafou gold project in Côte d’Ivoire into production by the end of 2028, according to its operational report released last week.

Авторское резюме: Endeavour планирует запустить новый проект ассафу в 2028 году, что может увеличить долю Иворской республики в годовой добыче до значимого уровня, при этом учитываются риски географической сосредоточенности и реформ.

Ecofin Agency — 2025-11-21

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