Endeavour Mining to significantly reduce debt by 2023
The West African gold producer led by Sébastien de Montessus, President and CEO, ranks as one of the world’s least indebted gold producers, behind Alamos and B2Gold, and well ahead of Gold Fields, AngloGold, Barrick and Newmont (over $7 billion in liabilities).
10/11/2022 at 17h24, by Africa Business+
Compared to March 2021, when its debt totalled more than $1 billion – including $384 million of receivables recovered as part of the Teranga buyout – Endeavour will start the 2023 financial year in an improved position. The company will redeem its convertible bonds by February 2023, amounting to $330 million. This will leave the company with $500 million of senior notes, which are not due until October 2026.
Recommended articles
Mines
23/01/2024 at 17h30, by Africa Business+
Ian Cockerill’s priorities as head of Endeavour Mining
At the top of the new CEO’s list of priorities is managing the aftermath of the sudden departure of...
Mines
09/03/2023 at 20h24, by Africa Business+
Endeavour Mining takes sharp write-down of Burkina gold mines
The group, headed by Sébastien de Montessus, facing stagnation in its production, has posted a slight...
Mines
12/01/2023 at 18h28, by Africa Business+
After success with Endeavour Mining, VoltVision takes mine power analysis to Anglo American
The innovative British start-up, based in Johannesburg, is developing a digital real-time data analytics...
Advisory
14/12/2022 at 18h34, by Africa Business+
Ghana: Lazard’s Thomas Lambert and Hogan Lovells’ Bruno Ciuffetelli working on external debt
A new step is being taken in the long process of making the West African republic’s public debt sustainable,...
Mines
28/01/2022 at 13h56, by Africa Business+
Coris CEO Idrissa Nassa and the head of Lillium/Vista Simon Tiemtore interested in Endeavour’s Karma mine
Another exclusive from Africa Business+.
News
24/11/2021 at 17h54, by Africa Business+
Côte d’Ivoire: Endeavour Mining accelerates at Fetekro and creates operating company
Recently spun off from its Agbaou gold mine, the Canadian yellow metal producer is moving into high...