With Assafou, Côte d’Ivoire Strengthens Its Position in Endeavour’s West African Operations

Endeavour Mining, a leading West African gold producer, plans to bring its Assafou gold project in Côte d’Ivoire into production by the end of 2028, according to the operational report released last week. The project is set to significantly boost Côte d’Ivoire’s share of the group’s output, which currently comes from assets in Burkina Faso, Senegal, and Côte d’Ivoire.

The company operates exclusively in West Africa through five mines: Houndé and Mana in Burkina Faso, Sabodala-Massawa in Senegal, and Ity and Lafigué in Côte d’Ivoire. Lafigué entered production in late 2024. Together, Ity and Lafigué are expected to produce up to 540,000 ounces of gold in 2025, representing 45% of Endeavour’s projected output of 1.2 million ounces for the year.

Construction of Assafou is scheduled to begin in 2026, subject to obtaining the necessary permits from Ivorian authorities. Once operational, it would become Endeavour’s third mine in Côte d’Ivoire and its second new site in the country in four years. A 2024 feasibility study estimates annual production at 329,000 ounces during Assafou’s first decade.

“Endeavour plans Assafou gold mine in Côte d’Ivoire by end-2028,” according to its operational report released last week.

Summary: The project heightens geographic concentration risks and pending reforms, with Ivorian assets poised to contribute a substantial portion of Endeavour’s gold output in the near term.

Author’s summary: Endeavour accelerates Côte d’Ivoire expansion, expanding production while navigating regulatory and geographic concentration considerations. (120–200 characters)

Ecofin Agency — 2025-11-21

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