Endeavour Mining Corporation is a gold mining company with operations in West Africa and is reportedly among the top ten senior gold producers globally.
The mining firm is a public company listed on the Toronto Stock Exchange (TSX) under the ticker ‘EDV’.
The gold miner has diversified operating assets, including:
• Burkina Faso: Karma, Hounde, Mana and Boungou mines where the company has 90 per cent interest. In addition, Endeavour Mining Corporation also has a 90 per cent stake in the Wahgnion mine.
• Cote d’Ivoire: The company has 85 per cent ownership interest in Ity mine.
• Senegal: Sabodala-Massawa is an open-pit mine where the company has a 90 per cent stake.
The gold producer’s portfolio includes various exploration and development projects like:
• Fetekro Project: 100 per cent ownership
• Kalana Project: 80 per cent stake by Endeavour and the remaining by Government of Mali
• Bantou Project: The company has a 100 per cent interest in the Bantou area and holds an 80.09 per cent stake in the Karankasso area.
• Nabanga Project: It is wholly owned by Endeavour.
• Afema Joint Venture Project: The company earned a 51 per cent ownership stake in the project through the Teranga Gold Corporation acquisition in 2021.
Endeavour Mining says it focuses on managing existing projects and exploration assets efficiently to increase its cash flow.
The company headquarters is located in George Town, Cayman Islands.
Endeavour Mining Corporation generates a majority of its revenue from the producing and operating mines in Burkina Faso.
The company claims it employs nearly 95 per cent of the workforce from the host communities where it operates.
In 2020, local women and youth associations received funds for income-generating activities like fish farming, chicken farming, soap manufacturing, and cassava processing, the mining firm claims.
Endeavour reportedly provides scholarships, internship and skill development programs to local youth as part of its community development program.
In 2020, it reportedly recorded a 13 per cent reduction in GHG emission intensity from 2018 levels.
In addition, the company claims to have purchased nearly 77 per cent of electricity from renewable energy sources in 2020.
As part of its COVID-19 response plan, the mining company reportedly provided healthcare support worth CFAF 800 million to the Ivorian government in 2020.