Endeavour Mining, the London-based Canadian gold giant, published a report on Thursday showing that it expects to produce 229,000 ounces of gold at Sabodala-Massawa (Kédougou, Senegal) in 2024, boosted by the recently commissioned Biox extension. With an all-in sustaining cost of FCFA 710,000 per ounce (FCFA 162.59 billion), the company is forecasting an increase for 2025, targeting between 250,000 and 280,000 ounces at a cost of FCFA 674,000 to 766,000 per ounce.
On a regional scale, Endeavour extracted 1.103 million ounces in 2024 in Senegal, Côte d'Ivoire and Burkina Faso, at a total cost of CFAF 823.94 billion. For 2025, it is forecasting 1.11 to 1.26 million ounces, representing potential growth of 15%. "These solid results reflect the robustness of our portfolio and the success of key projects such as Biox and Lafigué," said Ian Cockerill, CEO, underlining the on-time and on-budget execution.
The company also highlights its socio-economic impact: CFAF 1,336 billion injected into the three countries via taxes, dividends and royalties, including CFAF 809 billion from 1,200 local suppliers (82% of purchases). In Senegal, Sabodala-Massawa has benefited from CFAF 3.4 billion in social investments and 520 hectares reforested in partnership with the Senegalese Reforestation Agency. Group-wide, FCFA 13.7 billion has supported education, health and infrastructure projects, while 632 hectares have been reforested and 13,491 jobs created, with female representation up 33% since 2022.
Safety remains a priority, with an incident rate of 0.13, and sustainability is reinforced by a 97% reduction in single-use plastic. In 2025, Endeavour aims to consolidate its leadership in West Africa while深化ing its local roots. "We aim for shared value for all our stakeholders," Cockerill concluded.
