Endeavour OKs $1.2B Africa gold mine as costs climb - www.northernminer.com

AI desk brief

Endeavour approved its $1.2 billion Assafou gold project in Côte d’Ivoire, 13% above April’s feasibility estimate, targeting first production in H1 2029. Planned output averages 320,000 oz annually over its first eight years at AISC of $1,026/oz; power costs and highway-diversion routing remain under negotiation. Mana processing is expected to resume in Q2 2027, with mining restart subject to geotechnical work and regulatory approval. Endeavour retained 2026 output guidance of 1.09–1.265 million oz, expecting the lower half. These developments chiefly affect company growth and cash flow; Assafou’s potential supply contribution is longer-term, without an established near-term bullion-price implication.