About Us

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Medium-term Milestones

The development of the Houndé Project and the ramp-up of Karma are expected to lift Endeavour's group production to +900kozpa and decrease its average AISC to circa $800/oz by 2018, while exploration aims to extend all mine lives to +10years.


Our 4 Strategic Levers to Meet our Objective

1. Operational Excellence

  • Safety first
  • Focused on optimizing our operations
  • Increased production by 60% and reduced our AISC by 30% since 2013
  • Improving balance sheet with net debt reduced by 43% from US$254 million end-2014 to US$144 million as of end-2015

2. Project Development

  • Houndé Project in Burkina Faso
    • First gold pour expected Q4-2017
  • Ity Mine CIL Project in Côte d'Ivoire
    • Feasibility study published on November 10th 2016

3. Unlocking Exploration Value

  • One of largest exploration packages in West Africa
  • $20 million 2016 exploration program focused on mine site and near-mine exploration
  • Exploration objective is to generate 2x more reserves than depletion over the next 5 years

4. Opportunistic M&A

  • Driven by value creation and cash-flow per share increase, not production increase
  • Criteria
    • Increase company’s average life of mine
    • Decrease company’s AISC
    • Promising exploration potential
    • Accretive on a cash-flow per share basis
    • Benefits from West African cluster synergies
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