Endeavour Mining, one of West Africa’s leading gold producers, plans to bring its Assafou gold project in Côte d’Ivoire into production by the end of 2028, according to its operational report released last week. The new mine is expected to sharply increase Côte d’Ivoire’s contribution to the group’s overall output, which currently comes from assets in Burkina Faso, Senegal and Côte d’Ivoire.
The company operates exclusively in West Africa through five mines: Houndé and Mana in Burkina Faso, Sabodala-Massawa in Senegal, and Ity and Lafigué in Côte d’Ivoire. Lafigué entered production in late 2024. Together, Ity and Lafigué are expected to produce up to 540,000 ounces of gold in 2025, representing 45% of Endeavour’s projected output of 1.2 million ounces for the year.
Construction of Assafou is scheduled to begin in 2026, subject to obtaining the necessary permits from Ivorian authorities. Once operational, it would become Endeavour’s third mine in Côte d’Ivoire and its second new site in the country in four years. A 2024 feasibility study estimates annual production at 329,000 ounces during Assafou’s first decade.
Endeavour plans Assafou gold mine in Côte d’Ivoire by end-2028
- Endeavour’s Ivorian mines could contribute 65% of the group’s gold output by 2025
- The $734M project heightens risks from geographic concentration and pending reforms
Author’s summary: Endeavour Mining aims to solidify its West African footprint with Assafou, potentially boosting Côte d’Ivoire’s share of production while raising concentration and regulatory risk considerations.
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