Endeavour Mining Results Presentation Deck
CONTINUED PORTFOLIO MANAGEMENT
Divested non-core Karma mine in Q1-2022
KARMA SALE INSIGHTS
On 10 March 2022, Endeavour closed the sale of its
90% interest in its non-core Karma mine in Burkina
Faso to Néré Mining for a consideration of up to
$25.0 million plus a 2.5% Net Smelter Return royalty,
applicable on production in excess of approximately
160koz of recovered gold from 1 January 2022.
>
KEY ONGOING OPTIMIZATION INITIATIVES
> Strong exploration efforts to extend mine lives and
bring forward higher quality production
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>
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>
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At Sabodala-Massawa, launched construction of
refractory circuit
At Wahgnion, opening the Samavogo deposit
At Boungou, commenced in-pit backfilling
> Progressing on solar power in Burkina Faso which
would lower energy costs
Continued group procurement strategy
>
At Mana, adding a second underground operation by
progressing underground development of Wona
At Houndé, opening the Kari West deposit
At Ity, launching the addition of a recyanidation
circuit would lower costs and improve recovery rates
Endeavour's Portfolio
Core Mine¹
Karma
Ity HL
Agbaou
Tabakoto
Youga
(1) Production and AISC based on 2022 guidance (mid-point), mine life calculated from reserves as at December 31st, 2021
(2) Projects based on LOM as per published 2021 PFS
Non-core Mine¹
Nzema
Wahgnion
Boungou
Lafigué
Divested / Ceased Mine
Mana
Houndé
Kalana
10
Mine Life, yrs
Ity
ENDEAVOUR
MINING
Project²
D
Sabodala-Massawa
AISC, $/oz
1,300
20
1,200
1,100
1,000
900
800
700
600
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