Gold Miner Finds Huge 1.1m-Ounce Resource
November 23, 22
(IDEX Online) - UK-based Endeavour Mining says it has discovered "one of the most significant" new gold resources in West Africa.
The Tanda-Iguela property, in eastern Cote d'Ivoire, contains an estimated 1.1m ounces.
Sebastien de Montessus, the company's CEO, said: "It ranks as one of the most significant discoveries made in West Africa over the last decade and shows potential to be another flagship asset for the company.
"With this new important discovery and exploration success across our portfolio, we are well on track to achieve our target of discovering between 15 to 20 million oz for the five-year period ending in 2025."
Endeavour the largest producer of gold in the West African region.
For context, Nevada Gold Mines, in the USA, is the world's largest gold mining complex, producing 3.3 million ounces annually.
Generic pic of gold nuggets.