Endeavor sets 20 Moz discovery goal over five years


Endeavor Mining, focused on West Africa, has unveiled its exploration outlook for the next five years, targeting the discovery of 15-20 million ounces of indicated gold resources at less than $ 25 / oz.

Over the past four years, the miner has discovered 8.5 million ounces of indicated resources and this track record gives him the confidence to set the new target, said the president and CEO. Sébastien de Montessus.

“Our exploration strategy is focused on continuing to extend the life of our core assets well beyond ten years and finding entirely new projects.”

While Endeavor sees significant opportunities across its portfolio, it is particularly pleased with the potential defined in its flagship mines – Sabodala-Massawa, Senegal, Houndé, Burkina Faso, and Ity, Côte d’Ivoire.

These mines, according to De Montessus, have the potential to be Level 1 assets with more than ten million ounces of resources, including historic production.

“Setting these exploration targets demonstrates our commitment to short and long term growth and underpins our ability to be a resilient and reliable company. We believe we offer strong investment appeal due to the long term visibility of our business, with our minimum progressive dividend outlook which is supported by strong five year production outlook, short term growth outlook. term of existing projects and our new five-year discovery horizon that lays the foundation for long-term success.

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