Endeavour Announces Positive PFS Results for Assafou Project in Côte d'Ivoire
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Endeavour Mining has announced positive Pre-Feasibility Study (PFS) results for its Assafou project in Côte d'Ivoire, highlighting strong project economics with a $1,526 million NPV and 28% IRR at a $2,000/oz gold price. The project is expected to produce 329,000 ounces per annum at an AISC of $892/oz over the first 10 years, with a 15-year mine life. The company plans to advance to a Definitive Feasibility Study (DFS) with completion expected between late 2025 and early 2026.
December 11, 2024 | 7:15 am
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Endeavour Mining's positive PFS results for the Assafou project indicate strong potential for future growth and profitability, with a $1,526 million NPV and 28% IRR. This positions the project as a tier 1 asset, likely boosting investor confidence and stock price.
The positive PFS results for the Assafou project highlight strong economic potential, which is likely to enhance Endeavour Mining's asset portfolio and future revenue streams. The project's advancement to the DFS stage further solidifies its potential, likely leading to increased investor confidence and a positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100