Endeavour's Assafou DFS Reveals Strong Economics Enhancing Gold Sector Outlook

Endeavour Mining announced positive Definitive Feasibility Study results for the Assafou gold project, highlighting 320 kozpa production for the first eight years at AISC $1,026/oz, a 16-year mine life, and P&P reserves of 4.4 Moz. The study projects after-tax NPV(5%) of $2.1bn at $2,500/oz gold (rising to $5.1bn at $4,000/oz) with 28% IRR, and upfront capex of $1.06bn. Management targets FID by end-2026 with early works underway, derisking the project and acting as a bullish catalyst for mining equities and long-term gold exposure despite limited immediate price impact.