Endeavour Mining

Endeavour Mining

Endeavour Mining Corporation is a Toronto-based Mining Corporation listed on the Toronto Stock Exchange (TSX) and has grown to be a recognised premier intermediate gold producer. The mining company has a solid track record of operational excellence, exploration and project development in the highly prospective Birimian greenstone belt in West Africa. Named after the Birim River in Ghana, the Birimian rocks are major sources of gold and diamonds that extend through Ghana, Côte d'Ivoire, Guinea, Mali and Burkina Faso.

Endeavour Mining five main mines in three West African countries:

  • Côte d'Ivoire: Agbaou Gold Mine. Operational Mine. Capital Value: 1.4 billion
    ITY Gold Mine. Pre-feasibility. Capital Value: Not defined

  • Burkino Faso: Houndé Gold Project. Active. Capital Value: R690 million
    Karma Gold Mine. Operational. Capital Value: R1.4 billion

  • Mali: Tabakoto Gold Mine. Operational. Capital Value: R465 million

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These five mines are expected to produce 670 – 720 ounces of gold at an all-in sustaining cost (AISC) of US$840 to US$890 per ounce over 2018. The Corporation’s high-quality development projects, which include the Kalana Gold Expansion Project in Mali, have the combined potential to deliver an additional 600 000 ounces per year at an AISC below US$700 per ounce between 2018 and 2020. The company has stated that its current exploration programme aims to discover 10 – 15 million ounces of gold by 2021, “which represents more than twice the reserve depletion during this period.”

Endeavour mining company is involved in a total of 27 mining projects. The full list of Endeavour Mining’s mining projects, including the phase of operation and capital value, is published below

AMIQ grants subscribers’ access to Africa’s, largest mining database. It contains all required information needed for subscribers to contact key personnel in mining companies in Africa, as well as project engineers, suppliers and other pertinent members. Contact us today for subscription plans and pricing.

For the investors

Endeavour, with an accomplished management team and a healthy balance sheet, offers investors exposure to current production and both near and long-term growth potential.

The mining company’s strategy is focused on increasing the quality of its portfolio in order to create a leading African gold producer with low AISC and long-life mines. It aims to achieve this with an unrelenting focus on:

  • operational excellence
  • developing projects on-time and on-budget
  • unlocking value through exploration
  • maintaining a healthy balance sheet
  • actively managing the portfolio

Key objectives

Endeavour is well-positioned to reach its medium-term milestones, a key objective, of producing in excess of 800 000 ounces of gold annually at an AISC of less than $800 per ounce by 2019, while increasing mine lives to more than 10 years as illustrated in the graph.

Key Objectives

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Meeting its objectives

Endeavour has implemented 4 ‘strategic levers’ to help meet its objectives:

  • Operational Excellence: a proven track record of successful operations in West Africa based on the deep experience of its people and strong teams.
  • Project Development: High-quality development projects have the combined potential to deliver an additional 600 000 ounces per year at an AISC below $700 per ounce between 2018 and 2020.
  • Unlocking Exploration Value: One of the largest and most promising exploration portfolios in West Africa, with a target of identifying 10 – 15 million ounces of new gold discoveries by 2021.
  • Portfolio & Balance Sheet Management: Dynamic management of its portfolio to increase its quality coupled with a healthy financial structure with low debt, strong liquidity and financing sources to fund growth.

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Click on the links below to get additional information on some of the mining activities in Africa:

Comprehensive list of Endeavour Mining’s African mining projects

Mining Project Mine Phase Capital Value
Agbaou Gold Mine Operational ZAR 1,381,379,968.00
Allangoua Project Pre-Feasibility ZAR 0.00
Avrebo Prospect Feasibility ZAR 1,894,720,000.00
Bissa East Project Pre-Feasibility ZAR 0.00
Bouere Prospect (Hounde Gold Project) Active ZAR 689,998,016.00
Boulounga Project Grassroots ZAR 0.00
Datambi Project Dormant ZAR 0.00
Diosso South Prospect (Hounde Gold Project) Active ZAR 689,998,016.00
Dohoun Prospect (Hounde Gold Project) Active ZAR 689,998,016.00
Fougadian Project Pre-Feasibility ZAR 0.00
Grand Espoir Prospect (Hounde Gold Project) Active ZAR 689,998,016.00
ITY Gold Mine / CIL Expansion Project Pre-Feasibility ZAR 0.00
Kalana Gold Expansion Project Feasibility ZAR 2,181,512,283.00
Kalana Gold Mine Operational ZAR 0.00
Kanyankaw Project Grassroots ZAR 0.00
Karma Gold Mine Operational ZAR 1,405,660,032.00
Keniebandi Mali West Project Grassroots ZAR 0.00
Kofi Project (Tabakoto Complex) Pre-Feasibility ZAR 0.00
Kueredougou Prospect (Hounde Gold Project) Active ZAR 689,998,016.00
Liguidi Malguem Project (Ligidi) Pre-Feasibility ZAR 0.00
Nooitgedacht 69 Project Dormant ZAR 0.00
Nzema Mine Operational ZAR 1,894,720,000.00
Salman Prospect Grassroots ZAR 0.00
Tabakoto Gold Expansion - Djambaye (Tabakoto Complex) Completed ZAR 2,129,550.00
Tabakoto Gold Mine (Tabakoto Complex) Operational ZAR 465,224,992.00
Vindaloo Prospect (Hounde Gold Project) Active ZAR 689,998,016.00
Zergore Deposit Dormant ZAR 0.00

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If you are listed on African Mining IQ like Endeavour Mining Corporation, the following information is easily available to investors and companies interested in investing in your mining projects.

  • Key contact details of mine owners, project engineers and contracting agents for every project listed – over 600 mine owners listed!
  • Capital value estimates that are updated daily
  • Detailed project updates that follow the progression of your mine, or any other mining project listed, from grassroots right through to operational

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To contact Endeavour Mining, the following details are useful:

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