Endeavour Mining plc T.EDV

I love the low AISC in Senegal

[Dragoon]

Endeavour Q1 results: 2021 Outlook
Sabodala-Massawa is expected to meet guidance and is on track to produce between 310—330koz at AISC of $690—740 per ounce for the period February 10, 2021 to December 31, 2021.

Because of this low AISC I like the Senegal assets. Endeavour has the experience en muscle to make it work. Great for both Endeavour and its partner Axmin (AXM) as they continue to expand in Senegal, according to plan with the investor presentation page 41.

[marben100]

When Phase 1 of the expansion is complete, this will move to an annualised rate of 360koz. I look forward to seeing what the Phase 2 DFS has to say, with the addition of a BIOX plant to process high-grade refractory ore. I have some familiarity with BIOX becuase I've been invested in Pan African Resources for quite some time, They built Africa's first BIOX plant at their Barberton mine