2023-06-30 08:22:13
• Endeavor has reached an agreement for the sale of its Boungou and Wahgnion mines
in Burkina Faso to Lilium Mining, an Africa-focused junior gold producer
• Endeavor Mining remains in Burkina Faso with its Houndé and Mana mines; the company
maintains its commitments to its stakeholders
Ouagadougou, Burkina Faso – June 30, 2023 Endeavor Mining is pleased to announce that it has
entered into an agreement for the sale of its Boungou and Wahgnion mines in Burkina Faso to
Lilium Mining, an Africa-focused junior gold producer.
The sale of Wahgnion, located in the Cascades region, and that of Boungou located in the region
de l’Est, is part of an active portfolio management strategy of the Endeavor group
to focus management efforts on key assets.
According to the CEO of Endeavour, Sebastien de Montessus “We are delighted to sell our mines of
Wahgnion and Boungou to an African gold mining company that shares our
commitment to operate these mines in the best interests of employees and stakeholders
local. Additionally, we believe Lilium Mining is well positioned to continue to create value.
in the Boungou and Wahgnion mines, for the benefit of all stakeholders.
We are convinced that Burkina Faso will continue to benefit from the potential of these two
mines now owned by Lilium Mining.”
As part of this transaction, Endeavor entered into a transition services agreement
for a maximum of 12 months, which means that Endeavor will remain in close partnership with
Lilium Mining as they begin mining Wahgnion and Boungou.
Endeavor remains in Burkina Faso with its Houndé and Mana mines, as well as these projects
of exploration. The company will continue to support the socio-economic development of the regions
of its mines.
A propos d’Endeavour Mining
Endeavor Mining is one of the world’s leading gold producers and the leader in
production in West Africa, with operating assets in Senegal, Ivory Coast and
in Burkina Faso. The company has a solid portfolio of development projects
advanced and exploration assets in the Birimian formations of the greenstone belt
very promising in West Africa.
A member of the World Gold Council, Endeavor is committed to the principles of
responsible mining and deliver sustainable value to its employees, partners
and the communities in which it operates.
Endeavor is listed on the London Stock Exchange and the Toronto Stock Exchange under the symbol EDV.
For more information, please visit www.endeavourmining.com
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