Endeavour Mining

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

Live financials

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 produced 612koz at an All-In Sustaining Cost (AISC) of $744/oz in 2018.
In 2019, Endeavour expects production to increase to 615-695koz at an AISC of $760-810/oz, 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

Martino De Ciccio – VP Strategy & Investor Relations

Martino De Ciccio is Vice President Strategy and Investor Relations at Endeavour Mining, a position he assumed in late 2015. Mr. De Ciccio has built a track-record of significant value creation in both bull and bear markets over the past 10 years in the mining industry. Prior to joining Endeavour, he held the position of Strategy and Business Development Manager at La Mancha Resources, where he played a pivotal role in growing the company from an emerging gold producer into a leading private gold fund. Mr. De Ciccio earned a B.Com in Finance from McGill University. He is a Chartered Financial Analyst and a member of the CFA Institute.

What recent news would you like to highlight to investors attending?

Commissioning and successful 1st quarter of flagship Ity mine, Increase of resources at greenfield Fetekro property, increase in resources at flagship Ity mine (Le Plaque deposit), increase in reserves at flagship Houndé mine (Kari Pump deposit).

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.