Endeavour bets $1.2 billion on major Ivory Coast gold mine

AI desk brief

Endeavour approved its $1.2 billion Assafou gold project in Côte d’Ivoire, targeting first production in H1 2029; feasibility estimates indicate 320,000 oz annually at $1,026/oz AISC over its first eight years. Capital costs rose $139 million, or 13%, mainly on compensation, with some infrastructure costs still under negotiation. Meanwhile, nine-month 2026 output fell 10% to 820,000 oz, and annual production is expected in the lower half of 1.09–1.27 million oz guidance; Mana processing is not expected to resume until Q2 2027. Assafou could expand longer-term supply, but the update establishes no near-term directional bullion effect.