Endeavour Mining plc T.EDV

Alternate Symbol(s): EDVMF

Metals & Mining Gold

Endeavour Mining plc is a United Kingdom-based multi-asset gold producer focused in West Africa. The Company has five operating assets consisting of the Hounde and Mana mines in Burkina Faso, the Ity and Lafigue mines in Cote d’Ivoire, and the Sabodala-Massawa mine in Senegal, two greenfield development projects (Assafou and Kalana) in Cote d’Ivoire and Mali and a portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Cote d’Ivoire, Senegal, and Guinea. The Hounde mine is located in the northern part of the highly prospective Hounde Greenstone Belt, approximately 60 kilometers (km) south of the Mana mine. The Ity mine is located in western Cote d'Ivoire, 480 km west-northwest from Abidjan, in the prefecture of Zouan-Hounien. 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.

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Endeavour Mining plc

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Comment by marben100on Jun 01, 2016 10:28am

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Post# 24922880

RE:RE:Founder leaving?

I read this move as bringing Endeavour more firmly under the control of Naguib Sawiris - as de Montessus is his "man from La Mancha" (to coin a phrase! :0)). I do wonder/suspect whether there was some disagreement between Neil and Naguib, causing Neil to relinquish the previous chairing role he was expected to move into. NW was certainly well rewarded in 2015, with total compensation of $6.8m, including $3.75m as compensation for the change in control of the company.

Not sure the market will like this much - but any negative impact likely to be outweight by a nice bounce in the gold price today!

Cheers,
Mark

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