- Published: Monday, 02 May 2016 14:15
- Written by E&MJ News
Endeavour Mining started construction of its 90% owned Houndé gold project in western Burkina Faso on April 11, the same day that True Gold Mining’s Karma mine poured its first gold in north-central Burkina Faso. Endeavour acquired True Gold in a transaction that was approved at special meetings of the companies’ shareholders on April 21 and that closed on April 26. Acquisition of Karma adds 110,000 to 120,000 oz/y to Endeavour gold production over a projected mine life of 8.5 years based on current reserves.