The recyanidation process reduces cyanide consumption by capturing free cyanide from the plant tailings and recycling it back into the leach circuit while increasing recovery rates, according to the company’s May 5 press release.
Endeavour said the capital outlay for the project “screened well” within Endeavour’s capital allocation framework based on both its financial returns and positive ESG [environment, social and governance] impact. It is expected to add 87,000 oz. of additional gold production to the profile and bring US$63 million in cost savings over Ity’s current reserve life.
The addition of the recyanidation circuit has increased Ity’s 2022 nonsustaining capital expenditure (capex) guidance from US$29 million to US$60 million. The group’s total nonsustaining capex would amount to US$204 million in 2022, of which US$41.9 million has been spent in the first quarter.
On a company-wide basis, the total 2022…
