Endeavour Mining

Website: www.endeavourmining.com
Primary ticker: TSX:EDV
Stage of development: Exploration, Production, Development
Primary minerals: Gold
Project to promote: Ity CIL, Houndé

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Endeavour Mining is a premier intermediate gold producer, with a solid track record of operational excellence, project development and exploration in the highly prospective Birimian greenstone belt in West Africa. Endeavour operates 4 mines across Côte d’Ivoire (Agbaou and Ity) and Burkina Faso (Houndé, Karma), which are expected to produce between 555,000 and 590,000 ounces in 2018, at an All-in Sustaining Cost (AISC) of US$760 to US$810/oz.
In 2019, Endeavour expects production to increase and AISC to decrease, due to the completion of its Ity CIL construction in early Q2. In addition, its 5-year exploration program aims to discover 10-15Moz of gold by 2021 which represents more than twice the reserve depletion during the period.

Management Profile

Sébastien de Montessus – CEO and President

Mr. de Montessus is CEO and the President of Endeavour Mining. He was previously the Chief Executive Officer of the La Mancha Group since 2012, and under his leadership La Mancha doubled its production through optimization efforts before undergoing a portfolio restructuring, which enabled the Sawiris family to become the main shareholder of Evolution Mining, a leading Australia gold miner, and of Endeavour Mining in November 2015. In September 2015, Mr. de Montessus was appointed to the board of Evolution Mining. Mr. de Montessus was previously a member of the Executive Board and Group Deputy CEO of AREVA Group (a world leader in nuclear energy) and CEO of AREVA Mining (uranium). Mr. de Montessus was a Board member of ERAMET, a world leader in alloying metals, between 2010 and 2012.
Before joining AREVA in 2002, Mr. de Montessus was an investment banker at Morgan Stanley in London (M&A and Equity Capital Markets). Mr. de Montessus is a business graduate from ESCP-Europe Business School in Paris.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The key challenge for us is overcoming the perceived political risk in West Africa, which is our region of focus. But gradually, through site visits and regular communication from our sites, we are helping our investor community understand the region better and see the incredible progress we have made there, developing excellent relationships with governments and local communities.

In a sentence, what do you think makes your company such a compelling investment?

We offer both near-term and long-term growth opportunities while generating immediate cash flow.