(Ecofin Agency) - Thanks to Endeavour Mining, Côte d'Ivoire will soon have a new active gold mine. With a lifespan of 13 years, the new mine is expected to produce over 200,000 ounces per year.

Endeavour Mining announced on May 30 that the Lafigué gold mine is expected to deliver its first ingot by late June 2024, ahead of schedule. Construction work is 94% complete, and gold is already being sent to the mine's crushing and grinding circuits.

"We are pleased with the progress made on the Lafigué project as we commence the commissioning of the plant, with construction on budget and ahead of schedule by one quarter. Lafigué is on track to become another cornerstone of Endeavour's portfolio, with an annual production of over 200,000 ounces," commented Ian Cockerill, CEO of Endeavour Mining.

This year, Côte d’Ivoire is expected to produce 55 tons of gold, against 50 tons in 2023. Last year, two other gold mines were inaugurated in the country: Abujar and Seguela.

Côte d'Ivoire's mining sector keeps attracting investors, with the country ranking as the top jurisdiction in West Africa for mining investment according to the 2023 Fraser Institute ranking.