1.4 C
Belgrade
Supported byspot_img
spot_img

Endeavour mining downplays impact of Sabodala-Massawa mine strike on gold output in Senegal

Member of Europium Groupspot_img
Supported byspot_img

Endeavour Mining has stated that a strike at its Sabodala-Massawa mine in Senegal is not expected to affect its gold production targets for the year, despite the stoppage entering its second day.

In a statement released late Friday, the company noted that while the strike is impacting some operations, others are continuing normally. Endeavour Mining does not anticipate a significant impact on its ability to meet its production guidance for the year, although it expects costs to be near the upper end of the projected range.

The company is actively working to resolve the strike and anticipates that full operations will resume soon. This outlook contrasts with an internal memo obtained by Bloomberg earlier this week, which suggested that even a brief strike could have a severe impact on production in the short term, potentially affecting normal operations for several months.

Supported by

In April, Endeavour Mining had reaffirmed its annual production guidance of between 1.13 million and 1.27 million ounces of gold, following an expansion at the Sabodala-Massawa site.

Supported byElevatePR Digital

Related News

China launches $5 billion mining initiative in Zambia to support copper production growth

China has officially launched the Chinese Mining Enterprise Association in Zambia (CMEAZ), a major initiative aimed at investing $5 billion into Zambia's mining sector...

Peak Minerals to acquire majority stake in Suriname’s Tapanahony gold project

Australian exploration and development company Peak Minerals has entered into a binding letter of intent to acquire a significant interest in the Tapanahony gold...

PT Vale and GEM Co. forge $1.42 billion nickel processing deal in Indonesia

PT Vale and Chinese battery metals producer GEM Co. have signed a project investment cooperation framework agreement to build a high-pressure acid leach (HPAL)...

India must strengthen domestic critical mineral supply to reduce import dependence, report warns

India must prioritize investments in its domestic critical mineral sector to reduce its heavy reliance on imports of cobalt, lithium and nickel, according to...
Supported by
Supported by
Supported by
error: Content is protected !!