RE:STRONG Q4 RESULTS; FULL YEAR GUIDANCE ACHIEVEDMain points imo:
Hounde performing great!
They are looking to sell Tabakoto, good decision for me. Lets focus on the better assets.
Looking forward to the drilling season, especially the greenfields.
I'm very interested in what they can make out of Kalana, we"ll find out in a few months.
New gold hedge, in line with the previous one (i'm ok with that, looks solid):
The advantages of the Gold Option Contacts during the construction period include:
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~40% of production will be protected if the gold price falls below $1,300/oz
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100% of production will benefit from gold price upswings between $1,300 and $1,500/oz
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~60% of production benefits from gold price upswings beyond $1,500/oz
Once the Gold Option Contracts program ends, Endeavour will return to a position where its gold production is fully exposed to spot gold prices.
And last but not least, if Tabakoto is sold, i think they will add another mine. And i think that will be Yanfolila (hummingbird)