Endeavour Mining Results Presentation Deck
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WAHGNION, BURKINA FASO
Greater focus on waste stripping
Q1-2022 vs Q4-2021 INSIGHTS
> Production decreased from 47koz in Q4-2021 to 29koz in
Q1-2022 primarily due to the lower average grade milled
and lower recovery rates partially offset by an increase in
tonnes milled
> Average grade milled decreased due to blending of lower
grade materials from Nogbele South with ore from
Fourkoura and Nogbele North. Recovery rates decreased
slightly due to a higher volume of ore from the Fourkoura
pit being processed, which has lower associated
recoveries.
> AISC increased in Q1-2022 due to the expected lower
grade and higher strip ratio as well as higher haulage
costs, higher unit mining costs and additional waste
mined than originally planned.
OUTLOOK
> Wahgnion is on track to produce between 140-150koz
in FY-2022 at an AISC of $1,050-1,150/oz.
>
In Q2-2022, ore is expected to be primarily sourced from
the Nogbele North and Fourkoura pits, with
supplemental feed coming from the Nogbele South pits.
Mill throughput is expected to decline in the upcoming
quarters and increase in the latter portion of the year
while recovery rates are expected to increase.
Production and AISC
Production, koz
43koz
$780/oz
Q1-2021
AISC, US$/oz
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
$980/oz
Q2-2021
Key Performance Indicators¹
34koz
$1,097/oz
Q3-2021
Q1-2022
1,100
10,173
8.25
974
0.99
91
29
1,134
1,351
47koz
$1,066/oz
Q4-2021
Q4-2021
1,054
8,965
7.51
959
1.64
92
47
962
1,066
ENDEAVOUR
MINING
(1) For comparative purposes, performance indicators, excluding costs, include the pre-acquisition period from 1 January 2021 to 10 February 2021. Costs are from the post-acquisition period commencing
February 10 2021.
$1,351/oz
29koz
Q1-2022
Q1-2021
1,183
7,751
5.55
962
1.46
95
43
746
780
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