Our Strategy

Endeavour is a West African gold producer focused on developing and operating a portfolio of high quality low-cost, long-life mines. Endeavour adopts an active portfolio management approach to focus on high quality assets with an investment criteria based on capital allocation efficiency and return on capital employed. With its technical teams all based in proximity to its mines, Endeavour has built a solid track record of exploration, development and operation in the highly prospective Birimian greenstone belt.

Endeavour operates four mines across Côte d’Ivoire (Agbaou and Ity) and Burkina Faso (Houndé, Karma), which are expected to produce 615-695koz at an AISC of $760-810/oz in 2019. Its ongoing five-year exploration program aims to discover 10-15Moz of gold by 2021 which represents more than twice the reserve depletion during the period.

Strategic Objectives

~800 koz YEARLY PRODUCTION
<800$/oz ALL IN CASH COST
10+ year MINE LIFE IN OUR CORE ASSETS

Our Key Objective is to Reduce the Group’s AISC and Extend Mine Lives

 

Portfolio viewed by AISC and mine life

 

Strategic Objectives

Operational Excellence

Proven track record of successful operations in West Africa, based on the deep experience of our people and strong teams

Project Development

Strong in-house construction team with a proven track record of building mines in West Africa on-time and on-budget

Unlocking Exploration Value

One of the largest and most promising exploration portfolios in West Africa, with a target of identifying 10-15Moz of new gold discoveries by 2021

Portfolio & Balance Sheet Management

Dynamic management of our portfolio to increase its quality coupled with a healthy financial structure with low debt, strong liquidity and financing sources to fund growth