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Endeavor comments on media reports
London, October 7, 2024 – Endeavor Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavor” or the “Company”) refers to media reports following a radio interview with the President of Burkina Faso, Ibrahim Traoré.
On October 5, President Traoré spoke on Radio Burkina Faso to mark the two-year anniversary of his presidency. He discussed several topics including corruption, security, transportation, agriculture and mining, including mentioning some mining permits that are likely to be cancelled.
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Endeavor remains a trusted partner of the Government of Burkina Faso and can confirm that it is not currently aware of any plans to cancel any of its mining licences. The government remains supportive of Endeavor’s position in the country as evidenced by Endeavor’s recent successful settlement agreement, which included Burkina Faso, regarding the divestment of the Bongo and Wagnion mines, for which Endeavor has now received the first $30 million. Premium.
Contact information
| Jack Jarman
Vice President of Investor Relations |
Brunswick Group LLP in London
Carol Keeble, Partner |
About Endeavor Mining PLC
Endeavor Mining is one of the world’s largest gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly promising Permian Greenstone Belt across the West. Africa.
As a member of the World Gold Council, Endeavor is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities in which it operates. Endeavor is listed on the London and Toronto stock exchanges under the symbol EDV.
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For more information, please visit www.endeavormining.com.
Cautionary note regarding forward-looking information
This press release contains “forward-looking statements” within the meaning of applicable securities laws. All statements, other than statements of historical fact, are “forward-looking statements.” Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “expects,” “expected,” “budgeted,” “forecasts,” and “expects.”
Forward-looking statements, although based on management’s best estimates and assumptions, are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, and unanticipated reclamation expenses; Changes in project parameters as plans continue to improve; fluctuations in the prices of metals, including gold; Fluctuations in foreign currency exchange rates, increases in market prices of consumable mining materials, potential changes in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as expected; accidents, labor disputes, property disputes, claims, limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in the countries in which Endeavor operates. Although Endeavor has attempted to identify important factors that could cause actual results to differ materially from those in forward-looking statements, there may be other factors that cause results not to be anticipated, estimated or intended. Such statements cannot be guaranteed to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to Endeavor’s most recent Annual Information Form filed under its profile at www.sedarplus.ca for further information regarding risks affecting Endeavor and its business.
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