Endeavour Mining
 | |
| Company type | Public |
|---|---|
| Industry | Mining |
| Founded | 1988 |
| Headquarters | London, England, UK |
Number of locations | Three main locations: Burkina Faso, Côte d'Ivoire and Senegal |
Key people |
|
| Products | Gold |
| Revenue |  US$2,114.6 million (2023)[2] |
 US$442.7 million (2023)[2] | |
| US$(143.6) million (2023)[2] | |
| Subsidiaries | Semafo, Teranga, Societe des Mines d'Ity S.A. (Côte d'Ivoire), Houndé Gold Operations SA (Burkina Faso) |
| Website | endeavourmining |
Endeavour Mining plc is a multinational mining company that owns and operates gold mines in Côte d'Ivoire, Burkina Faso and Senegal. The company is headquartered in London, England, and is listed on the London Stock Exchange. It is a constituent of the FTSE 100 Index.
History
[edit]The company, established by a team led by Neil Woodyer as Endeavour Financial in 1988, diversified from mining finance to mining operations in the early 21st century.[3]
It acquired Etruscan Resources (including the Agbaou mine in Côte d'Ivoire) in June 2010.[4]
Endeavor announced in June 2017 that it would purchase Avnel Gold Mining Limited for C$159 million. Avnel held an 80% interest in the Kalana Gold project in Mali and exploration permits in the surrounding area.[5]
Woodyer stood down as CEO and was replaced by Sébastien de Montessus in May 2016.[6]
In July 2020, the company acquired Semafo for its Mana and Boungou gold mines in Burkina Faso.[7]
In February 2021, the company acquired Teranga Gold Corporation for its Sabodala-Massawa gold mine in Senegal and its Wahgnion gold mine in Burkina Faso.[8]
The company was subject to an initial public offering on the London Stock Exchange in June 2021.[9]
In January 2024, De Montessus was dismissed from his position as CEO due to allegations of serious misconduct over an irregular payment instruction associated with an asset disposal.[10] Ian Cockerill was appointed CEO.[11]
In September 2024, it was announced that the Boungou and Wahgnio mines in Burkina Faso would be nationalised, with a payment to be made to Endeavour Mining of $60mn in cash.[12]
References
[edit]- ^ "Leadership - Endeavour Mining". Endeavour Mining. Archived from the original on 5 January 2024. Retrieved 5 January 2024.
- ^ a b c "Annual Results 2023" (PDF). Endeavour Mining. Retrieved 27 March 2024.
- ^ "Neil Woodyer". Aris Gold. Retrieved 25 August 2021.
- ^ "Endeavour to take the rest of Etruscan Resources". The Northern Miner. 29 June 2010. Retrieved 25 August 2021.
- ^ "Endeavour Mining To Acquire Avnel Gold for C$159 Million". www.juniorminingnetwork.com. Retrieved 29 June 2017.
- ^ "Woodyer, founding CEO of Endeavour Mining, to step down". Mining MX. 9 May 2016. Retrieved 25 August 2021.
- ^ "Canada clears Endeavour Mining-Semafo merger". mining.com. 26 June 2020.
- ^ "Endeavour Completes Teranga Acquisition to Create New Senior Gold Producer". GlobeNewswire. 10 February 2021.
- ^ "Endeavour Mining shares begin trading on London Stock Exchange's main market". Proactive Investors. 14 June 2021. Retrieved 25 August 2021.
- ^ Sweney, Mark (5 January 2024). "Gold-mining company sacks CEO over 'serious misconduct' allegations". The Guardian. ISSN 0261-3077. Retrieved 5 January 2024.
- ^ "Endeavour Mining ousts CEO over 'serious misconduct'". Reuters. 6 January 2024. Retrieved 6 January 2024.
- ^ "Burkina Faso reclaims gold mines from largest British mining firm". Kaieteur News. 4 September 2024. Retrieved 9 September 2024.
External links
[edit]- Official website
- Business data for Endeavour Mining:
