Endeavour Mining Corporation added three million measured and indicated ounces of gold to its resource inventory during 2021.
There was an additional 900,000 added in the inferred category, mainly at the Ity project.
The total exceeds by some margin the 2.5mln ounces the company had been targeting.
Discovery costs were US$16 per ounce, a somewhat nebulous measure in the industry, but nevertheless interesting to set against the current gold price of over US$1,800 per ounce.
Measured and indicated resources on the Lafigué deposit, on the Fetekro property, were boosted by 18% to 2.9mln ounces, helping to justify an increase in planned output.
Separately, the company continued with its share buyback programme, making another on market purchase at the end of last week.
Story by ProactiveInvestors
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