07:13 AM EDT, 05/30/2024 (MT Newswires) -- Endeavour Mining ( EDVMF ) on Thursday said wet commissioning has started at the Lafigue project in Cote d'Ivoire, which is on budget and 94% complete with the first gold pour expected in late-June, a quarter ahead of schedule.

"Lafigue is set to become another cornerstone asset in Endeavour's portfolio with over 200koz of annual production at an all-in sustaining cost below $900/oz over its initial 13 year mine life," said Endeavour CEO Ian Cockerill.

Initial growth capital expenditure for the project is $448 million, of which $434.9 million, or 97%, has been committed to date, the company said. Lafigue is expected to add average annual production of 203koz at an AISC of $871/oz over its initial 13 year mine life, with expected production of 90-110koz at an AISC of between $900-975/oz in fiscal 2024.