Economic impact: Endeavour Mining has announced a record investment of 1.5 trillion CFA francs in Africa.

Endeavour Mining, one of West Africa’s leading gold producers, has reported record annual results for the 2025 financial year, marked by an exceptional economic contribution to the countries in which it operates. According to the figures released, the group reinvested more than 1.5 trillion CFA francs into the national economies of Senegal, Côte d’Ivoire and Burkina Faso, representing approximately 72% of its revenue for the year.

This performance was achieved against a backdrop of particularly favourable gold prices, which enabled Endeavour Mining to produce 1.209 million ounces (approximately 37.6 tonnes) at an all-in sustaining cost (AISC) of $1,433 per ounce. Pre-tax profit increased significantly, driven by higher revenues and sound operational management.

The Group’s economic contribution is based on several key drivers:

• Local procurement: over 1,000 billion CFA francs were spent with suppliers, including nearly 870 billion CFA francs with domestic or domestically owned companies. Suppliers located near mining sites received 32 billion CFA francs, whilst ECOWAS suppliers received 20 billion CFA francs. In total, 86% of suppliers were based in the host countries, involving more than 1,200 local businesses.
• Tax and parafiscal contributions: 547 billion CFA francs were paid to governments in the form of taxes, mining royalties, dividends and other payments. In Senegal, these payments amounted to nearly 93 billion CFA francs.
• Wages and employment: a large proportion of the funds went towards staff salaries, 95% of whom are nationals.
• Local financing and community investments: nearly 37 billion CFA francs have been repaid to national financial institutions. In Senegal, the group has invested 1 billion CFA francs through the Local Mining Development Fund, supporting projects in education, health, access to water and economic development in Kédougou.

Ian Cockerill, CEO of Endeavour Mining, said: “2025 was a record year for Endeavour, marked by strong operational performance and tangible value creation. […] During the financial year, more than 1.5 trillion CFA francs, representing 72% of our revenue, was reinvested in the national economies where we operate. This includes payments to governments, local procurement, wages paid to employees and community investments, engaging more than 1,200 local businesses and strengthening national supply chains.”

Over the past five years, Endeavour Mining estimates that it has contributed more than 6,000 billion CFA francs to the economies of the countries in which it operates, a sum representing nearly seven times the amount distributed to shareholders over the same period.

In Senegal, where the group operates the Sabodala-Massawa complex, several initiatives illustrate this commitment: 200 community consultations, the ‘Pépites d’Or’ programme rewarding 321 pupils, 37 scholarships for young girls, 466 patients receiving free health screenings, the planting of 550 trees as part of the ‘One Child, One Tree’, and the protection of 891 hectares in the Ninéfécha nature reserve. The Plastic Odyssey project aims to collect 300 tonnes of plastic waste per year and create around 20 direct jobs.

Endeavour Mining, listed in London and Toronto (ticker symbol EDV), confirms its position as a leader in West Africa. The group is approaching 2026 with confidence, aiming to maintain its performance, consolidate its local partnerships and pursue an ambitious exploration strategy (with a target of adding 1.5 million ounces to measured and indicated resources by 2030). The Assafou-Dibibango project is progressing towards its first gold pour, scheduled for the second half of 2028.

This substantial contribution reinforces the mining sector’s role as a driver of sustainable economic development in the region, whilst highlighting the importance of a balanced distribution of the value created.