Endeavour has strategically positioned itself as a leading global gold producer, having built a high-quality portfolio of low-cost, long-life assets while maintaining a strong social licence to operate, which underpins an attractive shareholder returns programme.
We have a diversified portfolio across West Africa, with operating assets located in Senegal, Côte d’Ivoire and Burkina Faso, and a strong portfolio of advanced development projects and exploration assets on the highly prospective Birimian Greenstone Belt.
A member of the World Gold Council, we are committed to the principles of responsible mining and delivering sustainable value to our people, and the host country and host community stakeholders where we operate.
We are listed on the London and Toronto Stock Exchanges under the symbol EDV, and on the United States OTC Exchange under the symbol EDVMF.
Business at a glance
Leading global gold producer
1.2 Moz
gold produced annually
5
mines across West Africa
Industry-leading
AISC
5
projects built in the last decade
No.1
Industry-leading Sustainalytics score
Our operations
Location
Côte d'Ivoire
Mining type
Open Pit/Contractor Mining
Processing rate
+5Mtpa
Ity mine
Location
Burkina Faso
Mining type
Open Pit/Contractor Mining
Processing rate
3Mtpa CIL Plant
Houndé mine
Location
Burkina Faso
Mining type
Open Pit/Owner Mining and Underground Pit/Contractor Mining
Processing rate
2.9Mtpa blended, 2.6Mtpa fresh
Mana mine
Location
Senegal
Mining type
Open Pit/Owner Mining Processing
Processing rate
+4.3Mtpa CIL plant 5% 25% 1.2Mtpa for refractory ore treatment (ROT) in construction
Sabodala-Massawa mine
Location
Côte d'Ivoire
Mining type
Open pit /Contractor Mining
Processing rate
4Mtpa
Lafigué mine
We have a strong track record of discovering ounces through our exploration programmes due to our unique approach and our ability to leverage our resources in the region. We have access to equipment and technical expertise across our portfolio that can be used to accelerate discoveries, resource definition and resource to reserve conversion in a short time period. We also own one of the largest exploration land packages in West Africa and our approach to exploration is focused on finding, delineating and realising high-margin ounces to improve the outlook for both our company and the communities in which we operate. We have discovered over 18.6 million ounces of Measured and Indicated resources since 2016 for an industry leading discovery cost of less than $25 per ounce. We are on track to achieve our discovery target of 12.0 – 17.0 million ounces of by 2025.
We have an attractive project pipeline comprised of five advanced development projects, that have been screened through our rigorous screening process to ensure they can achieve a +20% rate of return. We are currently preparing our prefeasibility study (“PFS") for the Tanda-Iguela property in Côte d’Ivoire, which is expected to be published by the end of 2024. Other important parts of this stage are the environmental and social studies which are key building blocks to ensure our license to operate.
Over the past ten years, we have successfully built five mines and projects on budget, on schedule and in under two years. This consistent success is largely attributed to our in-house expertise in project development and our long-term EPCM and technology partners.
We are committed to delivering our operational objectives and we do so by understanding the environment where we operate and by leveraging the deep technical expertise of our team. Our de-centralised operating model enables us to share skills, best practice and technical know-how across our assets enabling us to develop and operate efficiently and sustainably. As a result, we have a safety record that is superior to industry benchmarks, we have met or exceeded production guidance for the last eleven years.
1.5Moz
Annual production objective
Once a mining operation is no longer economically viable, because the ore body is exhausted or the remaining deposit becomes uneconomic to mine, work then focuses on its decommissioning and dismantling and a closure plan is implemented, which includes rehabilitating the land. We have closure plans in place at all our operations, which are designed as part of the Environmental and Social Impact Assessment that is done at the develop and design phase. These are regularly reviewed and updated during the lifetime of the operation, and rehabilitation initiatives are underway through the life of the mine. In addition, we also make financial provisions to a fund to cover the costs of implementing an environmental preservation and rehabilitation programme.
Business model
Exploration
We have a strong track record of discovering ounces through our exploration programmes due to our unique approach and our ability to leverage our resources in the region. We have access to equipment and technical expertise across our portfolio that can be used to accelerate discoveries, resource definition and resource to reserve conversion in a short time period. We also own one of the largest exploration land packages in West Africa and our approach to exploration is focused on finding, delineating and realising high-margin ounces to improve the outlook for both our company and the communities in which we operate. We have discovered over 18.6 million ounces of Measured and Indicated resources since 2016 for an industry leading discovery cost of less than $25 per ounce. We are on track to achieve our discovery target of 12.0 – 17.0 million ounces of by 2025.
Design and Develop
We have an attractive project pipeline comprised of five advanced development projects, that have been screened through our rigorous screening process to ensure they can achieve a +20% rate of return. We are currently preparing our prefeasibility study (“PFS") for the Tanda-Iguela property in Côte d’Ivoire, which is expected to be published by the end of 2024. Other important parts of this stage are the environmental and social studies which are key building blocks to ensure our license to operate.
Construction
Over the past ten years, we have successfully built five mines and projects on budget, on schedule and in under two years. This consistent success is largely attributed to our in-house expertise in project development and our long-term EPCM and technology partners.
Production
We are committed to delivering our operational objectives and we do so by understanding the environment where we operate and by leveraging the deep technical expertise of our team. Our de-centralised operating model enables us to share skills, best practice and technical know-how across our assets enabling us to develop and operate efficiently and sustainably. As a result, we have a safety record that is superior to industry benchmarks, we have met or exceeded production guidance for the last eleven years.
1.5Moz
Annual production objective
Closure and rehabilitation
Once a mining operation is no longer economically viable, because the ore body is exhausted or the remaining deposit becomes uneconomic to mine, work then focuses on its decommissioning and dismantling and a closure plan is implemented, which includes rehabilitating the land. We have closure plans in place at all our operations, which are designed as part of the Environmental and Social Impact Assessment that is done at the develop and design phase. These are regularly reviewed and updated during the lifetime of the operation, and rehabilitation initiatives are underway through the life of the mine. In addition, we also make financial provisions to a fund to cover the costs of implementing an environmental preservation and rehabilitation programme.