EDV. Endeavour Mining Corporation

Endeavour Provides Statement on COVID-19

Endeavour Provides Statement on COVID-19

  

ENDEAVOUR PROVIDES STATEMENT ON COVID-19

Abidjan, March 16, 2020 – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) places the safety and wellbeing of its employees and contractors as the highest priority. Each of the Company’s operations are continuing to manage and respond to coronavirus (“COVID-19”) within the framework of the Company’s incident management and response plan, which was activated at the outbreak of COVID-19 and has been validated by an epidemiologist special advisor to Endeavour.

A business continuity program is in place to protect employees while ensuring the safe operation of the Company. Since early March, access to all mine sites has been strictly controlled with health screening in place for visitors, employees and contractors and all non-essential travel has been cancelled. The Company has also asked any employee or contractor feeling unwell to stay at home.

On March 14, 2020, Endeavour was informed that an employee at the Houndé mine in Burkina Faso tested positive for COVID-19. The employee experienced mild symptoms hours after arriving at site, following his return from the UK. In line the Company’s COVID-19 protocol and procedures, the Burkinabe health authorities were immediately notified, and the employee was placed in quarantine. The small number of people who were in contact with the employee have all been identified and have also been placed in quarantine as part of the preventative measures. As the employee did not show symptoms upon arrival and passed the mandatory health screening, the Company further increased its preventive measures by introducing a mandatory 14-day quarantine period for any employees or contractors arriving in Cote d’Ivoire or Burkina Faso.

Endeavour has not witnessed any impact to production or operations at any of its mines or exploration activities. The Company also has sufficient inventory of supplies and equipment, while suppliers have confirmed that placed and forecast orders are intact.

CONTACT INFORMATION

Martino De Ciccio



VP – Strategy & Investor Relations

5

Brunswick Group LLP in London



Carole Cable, Partner

8

ABOUT ENDEAVOUR MINING CORPORATION

Endeavour Mining is a TSX listed intermediate African gold producer with a solid track record of operational excellence, project development and exploration in the highly prospective Birimian greenstone belt in West Africa. Endeavour is focused on offering both near-term and long-term growth opportunities with its project pipeline and its exploration strategy, while generating immediate cash flow from its operations.

For more information, please visit .

Corporate Office: 5 Young St, Kensington, London W8 5EH, UK

Neither Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

 

Attachment

EN
16/03/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Endeavour Mining Corporation

Endeavour Mining: 1 director

A director at Endeavour Mining sold 75,267 shares at 1,728p and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...

Alison Turner
  • Alison Turner

Endeavour Mining - The second five-year plan

Endeavour will announce its Q321 results on the morning of 11 November and, post quarter end, we are largely reiterating our forecasts for Q321, with the exception of a minute adjustment to the gold price (from US$1,792/oz to US$1,790/oz – see Exhibit 5). In the meantime, Endeavour has announced an ambitious five-year exploration programme to discover 15.0–20.0Moz in the indicated category of resources, while also refinancing its credit lines.

Alison Turner
  • Alison Turner

Endeavour Mining - The second five-year plan

Endeavour will announce its Q321 results on the morning of 11 November and, post quarter end, we are largely reiterating our forecasts for Q321, with the exception of a minute adjustment to the gold price (from US$1,792/oz to US$1,790/oz – see Exhibit 5). In the meantime, Endeavour has announced an ambitious five-year exploration programme to discover 15.0–20.0Moz in the indicated category of resources, while also refinancing its credit lines.

Alison Turner
  • Alison Turner

Endeavour Mining - Q2 outperforms ahead of likely Q3 index inclusion

At US$0.727/share, Endeavour’s net adjusted EPS, released on 4 August, was unequivocally above both Edison’s and the top end of the range of analysts’ forecasts (of US$0.43–0.65/share) for Q221 (source: Refinitiv, 3 August 2021). Teranga’s assets were reported to have integrated well into the group structure and all seven of its operating mines hit their stride together, as a result of which the company is on target to achieve the top end of its production guidance range of 1,350–1,475koz for th...

Alison Turner
  • Alison Turner

Endeavour Mining - Q2 outperforms ahead of likely Q3 index inclusion

At US$0.727/share, Endeavour’s net adjusted EPS, released on 4 August, was unequivocally above both Edison’s and the top end of the range of analysts’ forecasts (of US$0.43–0.65/share) for Q221 (source: Refinitiv, 3 August 2021). Teranga’s assets were reported to have integrated well into the group structure and all seven of its operating mines hit their stride together, as a result of which the company is on target to achieve the top end of its production guidance range of 1,350–1,475koz for th...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch