Operator

Endeavour Mining Corp.

Terms

2.0% NSR

Acquisition Date

2017 / Dec / 18

The Houndé project is located 250 km southwest of Ouagadougou, the capital city of Burkina Faso. Infrastructure in the area includes a paved highway approximately 2.7 km from the mine site, a 225 kV power line as close as 200 metres in some areas and a rail line that extends to the port of Abidjan, Côte d’Ivoire approximately 25 km west of the deposit area.

The mine reached commercial production in November 2017 and Houndé is now Endeavour’s flagship asset, ranking amongst West Africa’s top tier cash generating mines. The average annual production during the first four years of operations is expected to be 235,000 ounces of gold at an all-insustaining- cost of US$610 per ounce. Houndé is an open-pit mine with a 3.0 Mt per year gravity circuit and carbon-in-leach plant. Gold recoveries are expected to average 93%.

The mineralization at Houndé is within the highly prospective Birimian Greenstone belt and is mainly quartz stockwork-style and is moderately pyritic. The Vindaloo trend, where the bulk of the Mineral Reserves have been identified, has been drill tested for a distance of approximately 7.7 km along strike and up to 350 metres in depth. The mineralization remains open both along strike and to depth and Endeavour has set an exploration budget of $40 million to be spent over the next four years.

Proven and Probable Reserves as of December 2018 totaled 27.5 Mt at a gold grade of 2.0 g/t for 1.7 million contained ounces (0.5 g/t cut-off).

 

Houndé Presentation

 

Recent Activities

August 2019
The processing of high-grade ore from the Bouéré Deposit began early in the third quarter and production is expected to benefit in the second half of 2019.

July 2019
A drilling campaign comprised of 195,000 metres began in January 2019 with the aim of delineating a maiden resource for the Kari West and Kari Center discoveries. To date 1,027 holes have been drilled totaling 104,179 metres.


Houndé Acquisition

 

Hounde

 

Hounde Royalty Map
Houndé Royalty Map