Endeavour Mining - Entering a new phase
Since our last note, Endeavour has achieved six major milestones, including the sale of its interest in Agbaou, the completion of its acquisition of Teranga, Q4/FY20 results, positive pre-feasibility study results for both Fetekro and Kalana, updated cost and production guidance for the group for FY21 (including the mines acquired with Teranga) and a share buyback programme. By its own admission, it has also entered a new phase in which it will be self-funding and corporate activity will be ‘off the table’. This note updates for all six developments.Endeavour Mining is engaged in the acquisition, exploration and development of gold properties in West Africa.
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