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.