Endeavour Mining
Financials:
Primary ticker: TSX:EDV, LSE:EDV
Stage of development: Exploration, Development, Production
Primary minerals: Gold
Website: www.endeavourmining.com
Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.
A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the Toronto Stock Exchange and the London Stock Exchange, under the symbol EDV.
Cash: USD$760M
Debt: USD$70M
Major shareholders:
La Mancha – 19.7%
BlackRock Investment Management (UK) Ltd. – 9.7%
Van Eck Associates Corp. – 8.9%
Tablo Corp. – 6.3%
Franklin Advisers, Inc. – 1.5%
Management Ownership – Approx 1%
Management Profile
Jack Garman – Investor Relations Manager
What is your rationale for taking part 121 Mining Investment?
It is part of our ongoing IR program to maintain visibility and market support.
What recent news would you like to highlight to investors attending?
ENDEAVOUR REPORTS Q1-RESULTS
FY-2023 production and AISC guidance on track • Growth projects on budget and on schedule for 2024
What are your key goals for the next 3, 6 and 12 months?
6 Months:
H2-2023 H1-2023 dividend announcement
H2-2023 Project update
H2-2023 Tanda Iguela resource update
12 Months:
FY-2023 production guidance of 1,325-1,425koz at an industry leading AISC of $940-995/oz
Q2-2024 Sabodala-Massawa expansion completion
Q3-2024 Lafigué first gold pour
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
We’re proactively managing geo-political risk in West Africa, inflationary pressure across the business and we are still managing through the COVID-19 pandemic. We’ve tried to lock in long-term contracts with suppliers to offset inflationary pressure. We have strong relationships with governments at all levels in the countries that we operate.
What do you think makes your company such a compelling investment?
Consistent operational performance, strong healthy balance sheet, robust shareholder returns program.
What are the top 3 key investor takeaways?
1. One of the world’s largest gold producers that has met or beat guidance for ten consecutive years
2. We have a robust shareholder returns program
3. We have an industry-leading organic growth pipeline