Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) said it added three million measured and indicated ounces of gold to its resource inventory in 2021, exceeding a target of 2.5mln ounces.
An additional 900,000 was added in the inferred category, mainly at the Ity project.
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.