Endeavour’s Ity CIL Project Pours First Gold
Endeavour expected to declare commercial production for Ity CIL early in the second quarter of 2019. Following performance tests already conducted, Endeavour has launched optimization and de-bottlenecking work that is expected to increase plant nameplate capacity from an initial 4 million metric tons per year (mt/y) to 5 million mt/y. cost of $10 million to $15 million. These plant upgrades will be completed during scheduled plant maintenance shutdowns over the next six months.
Endeavour President and CEO Sébastien de Montessus said, “As we approach commercial production, I would like to acknowledge the hard work of our in-house construction team for successfully delivering the Ity CIL project ahead of schedule and under budget, with an exceptional safety record of more than 8.5 million hours without a lost-time injury. This first gold pour and the remarkably quick ramp-up period is a transformational event for Endeavour, as the Ity CIL project will quickly contribute to our cash generation potential.”