Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Endeavour expects first gold from Sabodala-Massawa in May

(Sharecast News) - Mining group Endeavour has announced that wet commissioning activities are now underway at the Sabodala-Massawa Expansion project in Senegal, with first gold expected in early May. The company said that the expansion, known as BIOX Expansion, is on budget with construction now 91% complete, including more than 3m man-hours and no lost time to injuries. Construction activities at the asset began in April 2022.

The Sabodala-Massawa project, which Endeavour expects will "become a true top-tier asset", is expected to produce between 360,000 and 400,000 ounces at an all-in sustaining cost of $750-850 per ounce. Costs are expected to improve further in the coming years.

"We are extremely pleased with our progress as we start wet commissioning at the BIOX® Expansion project," said Endeavour chief executive Ian Cockerill.

"Importantly, we have achieved this milestone with no lost-time injuries having worked more than three million man hours, which is a testament to the strong safety culture that is a hallmark of our in-house construction teams."

Share this article

Related Sharecast Articles

Lexington Gold upbeat on assay results from Jennings-Pioneer project
(Sharecast News) - Explorer and developer Lexington Gold announced positive assay results from its recent drilling programme at the Jennings-Pioneer Project in South Carolina on Monday.
Fulcrum kicks off phased test programme at Sylvanite project
(Sharecast News) - Canada-focussed mineral exploration and development company Fulcrum Metals announced the start of a phased sampling, testing, and study programme at its Sylvanite Gold Tailings project in the Kirkland Lake area of Ontario on Monday.
Mind Gym confident despite swinging to losses
(Sharecast News) - Mind Gym reported on a challenging year in which it swung to losses on Monday, while also outlining a new strategy aimed at medium-term growth and profitability.
Adidas shares drop on bribery allegations in China
(Sharecast News) - Shares in Adidas fell sharply on Monday after the German sports apparel and footwear manufacturer said it was investigating allegations of bribery in China.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.