StocksMedium•12 November 2026•
1 min read
Endeavour Mining Approves $1.2B Assafou Gold Project in Ivory Coast
Key Facts
1Endeavour Mining has approved the construction of its $1.2 billion Assafou gold project in Ivory Coast.
2The project is expected to produce 320,000 oz. of gold annually with all-in sustaining costs of $1,026 per oz.
3The development budget increased by $139 million from previous estimates, with first production targeted for H1 2029.
Endeavour Mining has approved the construction of its $1.2 billion Assafou gold project in Ivory Coast. Mining.com reported that the project is expected to produce 320,000 oz. of gold annually with all-in sustaining costs of $1,026 per oz. The development budget increased by $139 million from previous estimates, with first production targeted for the first half of 2029.
EDV.L was trading at 3811 GBX on November 12, 2026, reaching a session high of 3963 GBX and a low of 3709 GBX. The investment decision follows feasibility studies, with the budget rise attributed to increased land and crop compensation alongside power infrastructure revisions as the company expands its production capacity.