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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.


TSX:EDV - Post by User

Bullboard Posts
Comment by marben100on Jan 18, 2018 1:42pm
151 Views
Post# 27386233

RE:updates on Ity CIL?

RE:updates on Ity CIL? The last information I have was in the corporate presentation dated 23rd November 2017 (but titled "December 2017"). That showed completion expected in early 2019. The state of progress at that point was:

Long-lead items ordered
›$116m already committed
›EPCM contracted award to Lycopodium
›Construction workforce mobilisation is progressing well
›Process plant area earthworks progressing well
›Construction workforce mobilisation ongoing
›Danane to Ity 90kV OHL corridor compensation estimation in progress

See slide 44 with a photo of progress too.

We'll undoubtedly get an update in the Q4 results.

My biggest concern at the moment is whether they're having any signficant explo. success at Tabakoto. Unless they find something that will meaningfully extend mine life and lower AISC soon, the future of that mine is in doubt. ISTR in some recent announcement that they were giving it until the middle of this year to achieve those objectives. Everything else looks good to me.

Best,
Mark B
Twitter @marben100


Bullboard Posts