Mining Intelligence and News
Cote d'Ivoire

Ity Mine

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Australia

Ity Mine

Location: 12 km SE from Zouan-Hounien, Cote d'Ivoire

Regional Office:

Route du Lycée Technique
Abidjan
Cote d'Ivoire
08 BP 872

Contacts:

Additional Resources for Suppliers & Investors

Categories

Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotThe Ity mine is one of Endeavour’s cornerstone assets.

The Mineral Resource and Mineral Reserve estimate for the Ity Mine is derived from eleven deposits.

Ore mining activities are expected to focus on the Ity, Bakatouo, Walter, Le Plaque and Daapleu pits, which will be supplemented with ore from the Verse Ouest pit and stockpiles.

Several optimisation initiatives are underway, including the Mineral Sizer project, while near-mine exploration continues to delineate high-grade resources to further extend mine life.

In 2023, early works commenced on constructing a mineral sizer primary crusher to operate in parallel with the existing jaw crusher. The mineral sizing plant is expected to come online in Q4 2024.

In Q4 2023 commissioning started on a copper and cyanide recovery circuit ('RECYN'), developed by Green Gold Technologies.

Owners

SourceSource
CompanyInterestOwnership
SODEMI 5 % Indirect
Government of Côte d’Ivoire 10 % Indirect
Endeavour Mining plc 85 % Indirect
The Ity deposits are all part of the mining property of Société des Mines d'Ity SA ('SMI'), Société des Mines de Daapleu SA ('SMD') and Société des Mines de Floleu SA ('SMF').

The Endeavour Mining, indirectly through its subsidiaries, hold an 85% stake in SMI and SMD and a 90% stake in SMF. The remaining interest in SMI and SMD is held as follows: 5% by SODEMI, the State-owned mining company, and 10% by the Government of Côte d'Ivoire ('GoCI'). The remaining interest of 10% in SMF is held by the GoCI.

Contractors

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SourceSource

Deposit type

  • Skarn

Summary:

The Ity gold district is located in a Lower Proterozoic-Birimian-domain (named the Ity-Touleupleu) wedged within the Archean Kenema-Man domain, that forms the southern half of the larger West African Craton. The Ity Touleupleu domains forms a northeast-southwest-trending greenstone belt, approximately 100 km long and up to 15 km wide. This belt has been formed, deformed and metamorphosed during the Eburnean orogenic cycle.

The Birimian formations comprise meta-sedimentary series (pelites, gresopelites and carbonates) and meta volcanosediments (ranging from basic to acidic in composition), intruded by a series of granodioritic and dioritic bodies. These formations have been subjected to greenschist to lower amphibolite facies regional metamorphism. Skarns are developed along the contact between carbonate formations and granodioritic intrusive rocks. A thick lateritic profile is developed above the bedrock.

Mineralisation at Ity occurs in different geological settings, that can be grouped into at least two main types, namely:
• Skarns-hosted mineralisation, developed as lenses within meta-carbonates proximal to felsic and mafic intrusions.
• Shear zones-related mineralisation, associated to moderately to steeply dipping structures impacting different lithologies including metasediments, volcanosediments, felsic volcanites (daaplite), and intrusive rocks (granodiorite and diorite).

Deposits discovered to date in the Ity gold district display either one or both types. The district likely had a polyphase history, resulting from the superimposition of different types of mineralisation in time and space during the Eburnean orogeny (from magmatic accretion stages to late-collisional events). Gold has latterly been variably remobilised through weathering that has impacted the majority of the Ity deposits.

The deposits mainly hosted in skarns, which are distributed immediately around a core granodiorite-diorite complex (called the ‘Ity complex’), include; Mont Ity/Ity flat, Walter/Bakatouo, Bakatouo NW, Zia NE, West Flotouo/Flotouo Extension.

The deposits related to shear zones include; Le Plaque and Yopleu-Legaleu, and Gbéitouo and Daapleu.
The mixed deposits showing both skarn-hosted and shear-related mineralisation in metasediments and volcanosediments in the vicinity of the Ity granodiorite-diorite complex are; Flotouo Extension, Verse Est and Colline Sud.

The Teckraie and Verse Ouest deposits are rock dumps of the now depleted Flotouo open pit and sit on top of weathered granodiorite. Aires consists of the decommissioned heap leach pads from the historical operation of the mine.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnits2024202320222021202020192018201720162015
Gold koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe19385597681
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics202320222021202020192018201720162015
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe5 Mt
Stripping / waste ratio  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1.45 2.58 3.71 4.15 5.4
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe5,733 kt1,127 kt1,410 kt1,186 kt1,021 kt
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe8,320 kt2,901 kt5,237 kt4,916 kt5,465 kt
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe14,053 kt4,028 kt6,647 kt6,102 kt
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe3,693 kt1,307 kt1,194 kt1,173 kt1,062 kt
Annual mining capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Annual processing rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe950 kt950 kt950 kt

Production Costs

CommodityUnits20242023202220212020201920182017
Total cash costs (sold) Gold USD  ....  Subscribe 557 / oz   646 / oz   733 / oz  
Total cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
All-in sustaining costs (sold) Gold USD  ....  Subscribe 616 / oz   719 / oz   906 / oz  
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.
** Net of By-Product.

Operating Costs

Currency20232022202120202019201820172016
OP mining costs ($/t mined) USD 3.7  4.21  3.75  3.36  5  6.37  3.21  2.88  
Processing costs ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Financials

Units20242023202220212020201920182017
Capital expenditures (planned) M USD  ....  Subscribe
Sustaining costs M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 0.5   2.1   7.4  
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 267.5   107.5   75.1  
Operating Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 117.7   16.3   8.9  
Pre-tax Income M USD 109.5   17.6   8.2  
After-tax Income M USD 88.2   2.4   5.9  
EBITDA M USD  ....  Subscribe  ....  Subscribe 149.4  

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 10, 2024
....................... Subscription required ....................... Subscription required Subscription required May 10, 2024
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....................... Subscription required ....................... Subscription required Subscription required Apr 30, 2024
....................... Subscription required ....................... Subscription required Subscription required May 10, 2024
....................... Subscription required ....................... Subscription required Subscription required May 8, 2024

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required 2021
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...... Subscription required 2018
...... Subscription required ...... Subscription required ...... Subscription required 2017

Aerial view:

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