Endeavour Mining Plc - Company Profile

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Endeavour Mining Plc: Segment Analysis

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Business Description

Endeavour Mining Plc (Endeavour) carries out the mining and exploration of gold. It focuses on the exploration and development of gold projects in West-African region. The company operates mines in Senegal, Cote d'Ivoire, Burkina Faso and Mali. It also has various greenfield exploration properties in Cote d'Ivoire, Mali, Burkina Faso, Niger, and Guinea at different stages of exploration.

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Business Segments

Overview

Located approximately 250 km southwest of Ouagadougou. Owns 85% interest in the Hounde mines through its subsidiary, Hounde Gold Operation SA and remaining 15% is held by the Government of Burkina Faso. Mining method is conventional open pit mining and processes ore through its CIL plant.

Performance

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Overview

Ity gold deposits are all part of mine property of Societe des Mines d'Ity (SMI) and Societe des Mines de Daapleu (SMD) in the west of Cote d'Ivoire, 480km from Abidjan. The company holds 85% interest in Ity Mine, with remaining 10% and 5% held by Government of Cote d’Ivoire and SODEMI, respectively.

Performance

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Overview

The company holds 80% interest in Ity Mine, with remaining 10% held by Government of Cote d’Ivoire and SODEMI, each respectively.

Performance

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Overview

Approximately 200 km west of Ouagadougou, Burkina Faso. Owns 85% interest in Mana mine and remaining 15% is held by the Government of Burkina Faso. Executes open pit mining and underground operations.

Performance

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Overview

Approximately 640 km southeast of Dakar, the capital of Senegal. Owns 90% interest in Mana mine and remaining 10% is held by the Government of Senegal.

Performance

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