Endeavour Mining Results Presentation Deck
BOUNGOU, BURKINA FASO
Continued focus on waste stripping at East pit in Q1-2022
Q1-2022 vs Q4-2021 INSIGHTS
> Production remained consistent with the prior quarter as
mill throughput and recovery rates remained stable, while
grade decreased slightly. Ore extraction decreased at the
West pit during the quarter, given the focus on waste
extraction, which was offset by the commencement of ore
extraction at the East pit.
> Processed grade decreased as ore was mined in lower
grade areas of the East Pit, less high grade ore was mined
from the West pit and low grade stockpiles were utilized.
> AISC slightly increased in Q1-2022 due to the increase in
strip ratio and the decrease in processed grade in Q1-2022
compared to Q4-2021. This was slightly offset by lower
sustaining capital and lower mining and processing unit
costs during Q1-2022.
OUTLOOK
>
In line with its full year guidance, Boungou is on track to
produce 130-140koz in FY-2022 at an AISC of between
$900-1,000/oz.
>
In Q2-2022, waste extraction is expected to continue to be
a strong focus in the West pit, while ore is mainly sourced
from the East pit. In H2-2022, stripping activities are
expected to continue in both pits, while ore will be sourced
mainly from the West pit. Mill throughput is expected to
slightly increase over the upcoming quarters, while grades
are expected to be lower.
Production and AISC
Production, koz
60koz
$690/oz
Q1-2021
AISC, US$/oz
39koz
$950/oz
Q2-2021
Key Performance Indicators
For The Period Ended
Tonnes ore mined, kt
Total tonnes mined, kt
Strip ratio (incl. waste cap)
Tonnes milled, kt
Grade, g/t
Recovery rate, %
PRODUCTION, KOZ
Total cash cost/oz
AISC/OZ
41koz
$800/oz
Q3-2021
Q1-2022
252
6,334
24.13
349
3.03
95
34
848
901
35koz
$825/oz
Q4-2021
Q4-2021
301
4,294
13.27
352
3.36
95
35
778
825
ENDEAVOUR
MINING
34koz
$901/oz
Q1-2022
Q1-2021
246
6,672
26.11
315
5.52
96
60
619
690
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