Our resilient business  is underpinned by a healthy balance sheet which provides the ability to fund growth and reward stakeholders across cycles.

Key credit highlights

Diversified

portfolio

Industry-leading

growth pipeline

 

Operational

excellence

Strong

balance sheet and low leverage

Low cost

producer

Conservative

financial policies

Long

mine life

Responsible

operator

Credit ratings

  Corporate rating Outlook Publication date of review
Standards & Poor's BB- Negative 19 May 2025
Fitch BB Stable 28 May 2025

Outstanding debt

Instrument Maturity Amount (USD) Coupon ISIN
Revolving Credit Facility 2028 $700 million Between 2.40–3.40% depending on leverage (NIBD/EBITDA)  n/a
Senior Notes 2030 $500 million 7.00% payable semi-annually in arrears US29261HAA32

$500 million senior notes due 2030

Issuer Endeavour Mining plc
Initial Guarantor(s) (1) Endeavour Gold Corporation, (2) Endeavour Canada Holdings Corporation, (3) Hounde Holdings Ltd., (4) Ity Holdings UK Limited, (5) Massawa (Jersey) Limited, (6) Sabodala Gold (Mauritius) Limited, (7) Mana Burkina Holdings Ltd., (8) Lafigue Holdings UK Limited. 
Ranking and Status Rank pari passu with all existing and future indebtedness of the Issuer or Guarantors including the Existing Revolving Credit Facility
Issue Issue 7.00% Senior Notes due 2030
Amount at Issue US$500,000,000
Issue Date 29 May 2025
Maturity Date 28 May 2030
Trustee BNY Mellon Corporate Trustee Services Limited
Principal Paying Agent The Bank of New York Mellon, London Branch 
Registrar and Transfer Agent(s) The Bank of New York Mellon SA/NV, Dublin Branch
Interest Interest is payable in cash, semi-annually in arrears, at a fixed rate over the life of the note. Payment is on 28 May and 28 November of each year, commencing on 28 November 2025.
Listing Euronext Dublin, trading on the Global Exchange Market GEM
Credit Ratings Standard & Poor’s: BB-
  Fitch: BB
Security Codes ISIN: US29261HAA32

 

Guarantees

2030 Senior Notes

The Notes will be senior obligations of the Issuer. The Notes will be fully and unconditionally guaranteed (the “Guarantees” and each, a “Guarantee”) on the Issue Date by the Guarantors. The Notes and the Guarantees will rank pari passu in right of payment with any existing and future indebtedness of the Issuer or the Guarantors, as applicable, that is not expressly subordinated in right of payment to the Notes and the Guarantees, including indebtedness incurred under the Existing RCF Agreement (as defined herein), and will rank senior in right of payment to any existing and future indebtedness that is expressly subordinated in right of payment to the Notes and the Guarantees. The Notes and Guarantees will be effectively subordinated to any existing and future secured indebtedness of the Issuer and Guarantor, as applicable, to the extent of the value of the property and assets securing such indebtedness. The Notes and the Guarantees will be structurally subordinated to all existing and future indebtedness and other liabilities (including trade payables) of the subsidiaries of the Issuer that do not provide Guarantees. The Guarantees will be subject to significant contractual and legal limitations that may limit their enforceability, and the Guarantees may be released under certain circumstances.