Endeavour achieves commercial production at Biox Expansion and Lafigué growth projects

London – Endeavour Mining has announced that it has achieved commercial production at both its Sabodala-Massawa BIOX Expansion in Senegal and at its Lafigué mine in Côte d’Ivoire. Both projects have been completed on budget and on schedule, with the full ramp up to nameplate capacity underway.

Ian Cockerill, CEO, commented: “We are pleased to have achieved commercial production at both of our organic growth projects, fully de-risking construction and ramp-up activities. Both projects will drive stronger operating performance in the second half of the year, underpinning our Group production guidance, while adding low-cost production, extending mine life visibility, and increasing the geographic diversification of the portfolio.

I congratulate our entire in-house project’s team for the successful delivery of these two projects, and for their continued industry leading project delivery over the last 10 years, successfully completing the construction of five growth projects on budget and on schedule, all in under two years. We will now transition the team to focus on our asset level optimisation initiatives and technical studies, ahead of our next growth phase, with the construction of the potential tier one Assafou project from 2026. The completion of this phase of growth is a significant milestone for Endeavour. With our higher quality portfolio, we will transition to a phase focused on free cash flow generation that will support enhanced shareholder returns, through additional supplemental returns, while we simultaneously reduce our leverage, as we continue to execute on our strategy.”