Sebastian speaks on mergers and BF...
De Montessus said the deal was “logical” for Newmont, and that consolidation is needed in the industry, but he would not say whether Endeavour would be willing to participate in it, either as an acquirer or a target.
... De Montessus said West Africa-focused Endeavour will be less exposed to conflict-hit Burkina Faso as a planned expansion at its Senegal mine and a project in Cote d’Ivoire enter production.
Conflict has reduced gold production in Burkina and made it more difficult – and costly – for miners such as Endeavour to transport the staff and the supplies they need to keep mining.
Endeavour’s three Burkina Faso mines Hounde, Boungou, and Wahgnion account for between 40% and 45% of its gold production, but that share is likely to fall to around a third by 2024, de Montessus said.
Asked about allegations that Burkina Faso has hired mercenaries from Russian group Wagner, which Burkina’s military head of state has denied, de Montessus said: “For the current president of Burkina Faso, that is today not part of the plan.”
https://www.mining.com/web/endeavour-mining-expects-more-gold-ma/