Endeavour Mining Plc · TSX:EDV
Endeavour Mining — Investor Presentation (January 2025)
159 slides from Endeavour Mining's investor presentation, January 2025
Slide 1: Corporate Presentation January 2025
CORPORATE PRESENTATION January 2025
Slide 2: Table of Contents
TABLE OF CONTENTS 1 Endeavour Overview 2 Financial Results and Outlook 3 Our High Quality Portfolio 4 Being a Trusted Partner 5 West Africa Insights 6 Appendix 2
Slide 3: Disclaimer & Forward Looking Statements
DISCLAIMER & FORWARD LOOKING STATEMENTS Some of the indicators used by Endeavour in this presentation represent non-IFRS financial general economic conditions and the impact of credit availability on the timing of cash flows and the measures, including sustaining capital per ounce, non-sustaining ca
Slide 4: Endeavour Overview
ENDEAVOUR OVERVIEW 1 4
Slide 5: Endeavour has an unmatched competitive advantage in the world's largest gold producing region
ENDEAVOUR HAS AN UNMATCHED COMPETITIVE ADVANTAGE IN THE WORLD’S LARGEST GOLD PRODUCING REGION 1 Largest 5 gold mines 1,110-1,260koz West African producer AISC $1,150-1,350/oz 2025 guidance1 5 1) All-In Sustaining Cost guidance assumes an average gold price of $2,000/oz and USD:EUR foreign exchange r
Slide 6: Relative to other gold producers
RELATIVE TO OTHER GOLD PRODUCERS CROSS SECTOR BENCHMARKING FY-2025 Production Guidance 7Moz 6Moz 5Moz 4Moz PEER 3Moz BENCHMARKING 2Moz 1Moz 0Moz IAMGOLD Newmont1 Agnico Eagle1 Eldorado1 Anglogold1 Gold Fields1 Kinross1 Harmony Northern Star SSR Mining1 B2Gold Alamos Centerra1 Barrick1 Lundin Gold En
Slide 7: Company Profile
COMPANY PROFILE Highlights Top shareholders Shareholder register as at 30 November 2024 Ticker LSE | TSX: EDV, OTXCQ: EDVMF Shares outstanding as at 31 December 2024 244m Rank Institution name % of S/O 1 La Mancha 17.8% Share price as at 31 December 2024 £14.25 / C$26.05 2 BlackRock Investment Manag
Slide 8: Our purpose is to produce gold that provides lasting value to society
OUR PURPOSE IS TO EMBEDDING THE UN SDGS INTO OUR ESG STRATEGY PRODUCE GOLD THAT PROVIDES LASTING VALUE TO SOCIETY We do so while protecting and promoting the places where we operate. Our work is a partnership, helping to create resilient and self-sustaining communities, where people are equipped wit
Slide 9: Our Strategy
OUR STRATEGY Build a resilient business and be a trusted partner with the ability to reward shareholders MAINTAINING A BEING A REWARDING HIGH-QUALITY PORTFOLIO TRUSTED PARTNER SHAREHOLDERS Industry-leading operational excellence Environmental stewardship Prudent balance sheet management Proven proje
Slide 10: Maintaining a high quality portfolio
MAINTAINING A HIGH QUALITY PORTFOLIO A resilient business that generates sufficient cash flow to reward our stakeholders Investing In Operational Portfolio Unlocking People Excellence Management Exploration KEY Developing local talent Delivering against Focused on large, low- Proven ranking PILLARS
Slide 11: Operating model prioritising our people
OPERATING MODEL PRIORITISING OUR PEOPLE INVESTING IN PEOPLE Geographic focus provides a strong competitive advantage INSIGHTS › Largest producer in each of our operating countries enhances ability to extract synergies › Leading safety performance with a 0.11 LTIFR1 compared to an Industry average of
Slide 12: FY-2025 Guidance
FY-2025 GUIDANCE OPERATIONAL EXCELLENCE Increasing production and reducing capital expenditure to drive free cash flow INSIGHTS 1,103koz › Production guidance for FY-2025 FY-24 amounts to between 1,110 - GROUP 1,260koz, which marks an increase of 1,110koz 1,260koz PRODUCTION up to 15% over FY-2024 p
Slide 13: Strong construction track record
CEO INTRODUCTION STRONG CONSTRUCTION TRACK RECORD OPERATIONAL EXCELLENCE Leveraging our in-house construction expertise TRACK RECORD HOUNDE 18 month LAFIGUÉ 21 month Delivered on-schedule in Construction Construction <24 months 2week 4month Ramp-up Ramp-up Delivered on or below budget 3.0mtpa 4.0mtp
Slide 14: Assafou Project, Côte d'Ivoire
ASSAFOU PROJECT, CÔTE D’IVOIRE OPERATIONAL EXCELLENCE PFS confirms Assafou’s potential as tier 1 asset for Endeavour PRE-FEASIBILTIY STUDY KEY METRICS1 329koz $892/oz +15year 4.1Moz Production AISC Life of Mine Mineral Reserve (annual, first 10 years) (annual, first 10 years) 4.6Moz $734m $ 1.5B 28%
Slide 15: Active portfolio management
ACTIVE PORTFOLIO MANAGEMENT PORTFOLIO MANAGEMENT An improved portfolio underpinned by high quality growth projects Key pillars Endeavour’s portfolio Current operations1 Projects Divested operations AISC, $/oz 2,100 1,950 Investing In Operational People Excellence Mana 1,800 1,650 1,500 Industry Wahg
Slide 16: Optimising assets and replenishing pipeline
OPTIMISING ASSETS AND REPLENISHING PIPELINE PORTFOLIO MANAGEMENT Strong competition for capital on a returns basis across the portfolio OPTIMISING OUR MINERAL SIZER SOLAR POWER THROUGHPUT OPERATING PIT SHELL GRID POWER OPRIMITSATION OPTIMISATION PORTFOLIO Ity Mine Houndé Mine CRUSHER Lafigué Mine MO
Slide 17: Largest exploration presence in West Africa
LARGEST EXPLORATION PRESENCE IN WEST AFRICA UNLOCKING EXPLORATION Endeavour has a strategic foothold in two of West Africa’s most prospective belts 60% of greenstone belt lies in Burkina Faso and Côte d’Ivoire but… …only represents ~30% of production since it is underexplored 17
Slide 18: Proven ranking and screening methodology
PROVEN RANKING AND SCREENING METHODOLOGY UNLOCKING EXPLORATION Based on a methodology used in the oil and gas sector Outlook set in 2021 for the 5-year period ending 2025 Exhaustive Screened through multi- All screening based 150 criteria data analysis to targets on geological data targets set targe
Slide 19: Unlocking exploration value
UNLOCKING EXPLORATION VALUE UNLOCKING EXPLORATION 18.6Moz of M&I resources discovered since mid-2016 Total M&I resource discoveries M&I resources discovered 18.6Moz 3.6 Exploration spend 3.6Moz Moz 3.0Moz Discovered in 3.5Moz FY-2023 2.2Moz 2.1Moz 1.3Moz 1.9Moz <$ 25/oz 1.0Moz Targeted discovery cos
Slide 20: Unlocking exploration value
UNLOCKING EXPLORATION VALUE UNLOCKING EXPLORATION On track to achieve 5-year discovery target of 12 - 17Moz for period ending 2025 5-year M&I resource discovery target M&I resource as at 31 December, 2020 M&I resources discovered in 2021 - 2023 Remaining Indicated resource discovery target (2021 - 2
Slide 21: Assafou Project, Côte d'Ivoire
ASSAFOU PROJECT, CÔTE D’IVOIRE UNLOCKING EXPLORATION Confirmed potential to be a Tier 1 asset INSIGHTS › 4.6Moz resource outlined in approximately 2 years at a 4.6Moz low discovery cost of $11 per Indicated ounce. › +60km of drilling completed in FY-2024 › $13m spent in FY-2024, Indicated resource d
Slide 22: Tanda-Iguela greenfield project
TANDA-IGUELA GREENFIELD PROJECT UNLOCKING EXPLORATION Unlocking satellite targets at Tanda-Iguela W 9 Targets within 6km of Assafou +20km Assafou mineralisation strike length 22
Slide 23: Free cash flow inflection point reached
FREE CASH FLOW INFLECTION POINT REACHED Increasing free cash flow generation from Q3-2024 onwards Free cash flow from all operations1 Gold Pre-payment Investing Cashflow Operating Cashflow Free Cash Flow 166m $255m $150m +$ $167m Pre-payment2 Free cash flow3 $115m $97m Q3-2024 vs. Q2-2024 $55m $102m
Slide 24: Robust financial position
ROBUST FINANCIAL POSITION Quickly de-levering the balance sheet and increasing shareholder returns Evolution of leverage Net debt / LTM adjusted EBITDA <0.60x ABILITY TO FUND GROWTH AND DE-LEVERING AND INCREASING DELIVER SHAREHOLDER RETURNS SHAREHOLDER RETURNS Free cashflow inflection driving balanc
Slide 25: Industry leading shareholder returns
INDUSTRY LEADING SHAREHOLDER RETURNS Attractive returns composed of minimum and supplemental returns Dividend payout history Supplemental Dividend Minimum Dividend Paid $277m $140m ($0.57/sh) $100m $100m $100m $100m $100m ($0.40/sh) ($0.41/sh) ($0.40/sh) ($0.41/sh) ($0.41/sh) $70m $70m $60m ($0.28/s
Slide 26: 2024-2025 shareholder returns programme
2024-2025 SHAREHOLDER RETURNS PROGRAMME Increasing commitment to shareholder returns following investment phase Supplemental returns expected to be paid if INSIGHTS Shareholder returns programme the gold price is above $1,850/oz and Endeavour has a healthy financial position Share Buybacks Minimum D
Slide 27: 2024-2025 shareholder returns programme
2024-2025 SHAREHOLDER RETURNS PROGRAMME >$ 200/oz Increasing commitment to shareholder returns following investment phase Cumulative shareholder Returned returns for every ounce of gold produced1 Buybacks Minimum Dividend Supplemental Dividend Supplemental Shareholder Returns +$1,405m $ 277m Shareho
Slide 28: Ability to reward shareholders across cycles
ABILITY TO REWARD SHAREHOLDERS ACROSS CYCLES Underpinned by a resilient business, disciplined capital allocation and a strong competitive advantage in West Africa RESILIENT BUSINESS + DISCIPLINED CAPITAL ALLOCATION High Quality Being a Prudent Balance Sheet Organic Shareholder Returns Portfolio Obje
Slide 29: Being a trusted partner
BEING A TRUSTED PARTNER Sustainability efforts underpin top ESG ratings Sustainalytics scores1 Low Endeavour MSCI rating evolution2 Severe 7% Medium Endeavour (2025) Endeavour (2024) 2024 AA 41% Gold Peer 22% Endeavour (2023) Risk Agnico Eagle Rating 2023 AA Polymetal 30% Eldorado High Newmont 2022
Slide 30: Financial Results and Outlook
FINANCIAL RESULTS AND OUTLOOK 2 30
Slide 31: Production and all-in sustaining cost
PRODUCTION AND ALL-IN SUSTAINING COST Increased Group production at improved AISC Production and All-In Sustaining Costs Production, koz All-In Sustaining Cost, US$/oz 363koz Realised +93koz Gold Price1 280koz 270koz 251koz Production Q4-2024 vs Q3-2024 219koz $1,287/oz $1,287/oz $1,186/oz ~$1,140/o
Slide 32: Robust financial position
ROBUST FINANCIAL POSITION Focused on increasing shareholder returns and de-levering following investment phase Evolution of leverage Net debt / adjusted EBITDA LTM INVESTMENT FOCUS DEBT REDUCTION FOCUS Completion of Ity and ABILITY TO FUND GROWTH AND DELIVER SHAREHOLDER RETURNS DE-LEVERING AND SHARE
Slide 33: Debt structure
DEBT STRUCTURE Diversified long-term debt structure Senior Notes: Change in debt drawn › 5% fixed coupon rate senior notes mature in Oct-2026. ($m) Interest Rate Maturity 31 Dec 2024 30 Sept 2024 31 Dec 2023 Revolving Credit Facility: $370m $500m Senior Notes 5.00 % Oct 2026 500 500 500 › In Q4-2024
Slide 34: Stable credit rating
STABLE CREDIT RATING S&P credit rating is capped by sovereign rating S&P long-term foreign currency debt credit ratings Endeavour BB- BB- Cote d’Ivoire BB- S&P rating Senegal B+ Stable Outlook across all Burkina Faso CCC+ jurisdictions 34
Slide 35: Short term revenue protection programme
SHORT TERM REVENUE PROTECTION PROGRAMME Increased certainty of cash flows during growth and debt reduction phases INSIGHTS Gold collars Gold price in US$/oz Debt reduction › During Q3-2024, 113koz were delivered into and shareholder gold collars at the call gold price of $2,400/oz, 2600 return focus
Slide 36: Tackling inflationary pressures
4 TACKLING 44 INFLATIONARY PRESSURES Leveraging our synergies in West Africa Fuel Average fuel price variance, $/L › Fuel price is regulated by in-country based pricing mechanisms where prices are revised periodically, Q3-2023 Q4-2023 Q1-2024 Q2-2024 Q3-2024 sheltering Endeavour from peak fuel prici
Slide 37: FY-2025 Guidance
FY-2025 GUIDANCE Capital Expenditure Guidance Production Guidance FY-2024 FY-2025 GUIDANCE (All amounts in US$m) Houndé 50 40 (All amounts in koz, on a 100% FY-2024 FY-2025 GUIDANCE basis) Ity 10 20 Mana 34 60 Houndé 288 230 — 260 Sabodala-Massawa 25 60 Lafigué 6 35 Ity 343 290 — 330 Corporate 2 — S
Slide 38: Our High Quality Portfolio
OUR HIGH QUALITY PORTFOLIO 3 38
Slide 39: Safety performance
SAFETY PERFORMANCE Continued industry-leading safety record LTIFR and hours worked from continuing operations1 Hours Worked (Millions, 12 month trailing basis) LTIFR (12 month trailing basis)2 0.12 44.0m 44.2m 42.3m 42.4m 38.4m LTIFR in Q3-2024 0.12 0.11 0.11 0.08 0.05 0LTIs in Q3-2024 Q3-2023 Q4-20
Slide 40: Diversified portfolio
DIVERSIFIED PORTFOLIO 2024 Guidance 2024 Actuals 2025 Guidance ASSET COUNTRY PRODUCTION AISC PRODUCTION AISC PRODUCTION AISC (koz) (US$/oz) (koz) (US$/oz) (koz) (US$/oz) Houndé Burkina Faso 260 – 290 1,000 – 1,100 288 ~1,295 230 – 260 1,225 – 1,375 Ity Côte d’Ivoire 270 – 300 850 – 925 343 ~915 290
Slide 41: Sabodala-Massawa Mine
SABODALA-MASSAWA MINE Snapshot 250-280koz $1,100-1,250/oz 3.5Moz 5.4Moz As at As at 2025 Guidance 2025 Guidance 31 December 2023 31 December 2023 Production AISC P&P Reserves M&I Resources1 Overview The Sabodala-Massawa complex has potential to become a Construction of the Sabodala-Massawa expansion
Slide 42: Sabodala-Massawa Mine
SABODALA-MASSAWA MINE Overview KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2023 • BIOX expansion project Resources shown Tonnage Grade Content inclusive of Reserves (on a 100% basis) (Mt) (Au g/t) (Au koz) • On track to discover 2.3 - 2.7Moz over the 2021-2025 period Proven Reserves 1
Slide 43: Sabodala-Massawa Mine
SABODALA-MASSAWA MINE Higher production and lower AISC expected in Q4 Q4-2024 vs Q3-2024 INSIGHTS Production and AISC1 Production, koz AISC, US$/oz 85koz › Production increased due to an increase in average 70koz grades processed and total tonnes milled, partially 57koz 54koz offset by a decrease in
Slide 44: Technical review underway
TECHNICAL REVIEW UNDERWAY Driving efforts to support the near-term mine plan INCREASING BIOX EXPLORING FOR NEAR- ACCELERATING THROUGHPUT MINE OXIDES UNGERGROUND MINING › Increase floatation throughput to increase › Prioritising exploration efforts to identify and › Accelerating the feasibility stage
Slide 45: BIOX flowsheet
BIOX FLOWSHEET Pebble crusher Primary crushing Refractory ore CIL Plant Flotation Ball mill Gravity SAG mill concentrator Tailings thickening Counter current decantation thickeners BIOX® reactors Regrind mill Neutralization CIL Cyanide Tailings storage destruction facility Elution Electrowinning Fur
Slide 46: CIL flowsheet
CIL FLOWSHEET Pebble crusher Gravity concentrator Primary crushing Stockpile A SAG mill Ball mill -150+45mm Primary crushing Stockpile B Ball mill Secondary crushing Leach tanks Adsorption tanks Tailings storage Tailings thickening facility BIOX® Float tails Elution Electrowinning Furnace Gold bars
Slide 47: Sabodala-Massawa Mine
SABODALA-MASSAWA MINE Solar power plant project on track for Q1-2025 INSIGHTS › As announced on 2 August 2023, Endeavour launched the construction of a 37MWp photovoltaic (“PV”) solar facility and a 16MW battery system, in order to significantly reduce fuel consumption and greenhouse gas emissions,
Slide 48: High grade reserves & resources
HIGH GRADE RESERVES & RESOURCES Potential for significant additions given exploration potential Sabodala-Massawa reserves and resources by ore type OXIDE TRANSITIONAL FRESH TOTAL Tonnage Grade Content Tonnage Grade Content Tonnage Grade Content Content 3.5Moz (kt) (Au g/t) (Au koz) (kt) (Au g/t) (Au
Slide 49: Sabodala-Massawa exploration strategy overview
SABODALA-MASSAWA EXPLORATION STRATEGY OVERVIEW Targeting near-term non-refractory and longer-term refractory deposits DISCOVERY TARGET 2.3-2.7 Moz $26/oz 1 (2021-2025) Indicated resources Discovery cost 1 Exploration Strategy 1 Niakafiri Koulouqwinde Near-term Mamasoto 2 /Kiesta /Bambaraya 1 Product
Slide 50: Near term exploration focus
EXPLORATION NEAR TERM EXPLORATION FOCUS Focussed on adding high-grade, non-refractory resources into the CIL mine plan INSIGHTS › An exploration programme slightly above the guided $31m spend is expected for FY-2024, of which $31m has been spent year to date including $9m spent in Q3-2024 consisting
Slide 51: Kiesta
KIESTA High-grade intercepts at the Kiesta discovery are being delineated INSIGHTS › The Kiesta target is located along the Sabodala Shear Zone › The deposit is located in the north of the Massawa mining license, approximately 18 kilometers southeast of the Sabodala-Massawa processing plant › Follow
Slide 52: Sofia North extension
SOFIA NORTH EXTENSION Shallow high grade mineralisation extending for over 800m along strike 52
Slide 53: Near-term CIL production
NEAR-TERM CIL PRODUCTON Near mine non-refractory oxide targets to support CIL plant production Near-mine non-refractory targets Niakafiri West Sabodala Plant 2Km 53
Slide 54: Niakafiri West - near-term production
NIAKAFIRI WEST - NEAR-TERM PRODUCTON Niakafiri West within 2km of the Sabodala processing plant 54
Slide 55: Niakafiri West - near-term production
NIAKAFIRI WEST - NEAR-TERM PRODUCTON Niakafiri West within 2km of the Sabodala processing plant 55
Slide 56: Kawsara - new discoveries
KAWSARA - NEW DISCOVERIES Located 30km southeast of the Sabodala plant INSIGHTS › Kawsara is a 10km long anomaly that includes the Tama Toya Sabodala Plant 30Km targets A › The anomaly was drilled in Q1- 2024, identifying a potentially large resource with near surface mineralisation that is >1.5g/t
Slide 57: Kawsara - new discoveries
KAWSARA - NEW DISCOVERIES Potentially large resource approximately 30km southeast of the Sabodala plants A A’ 57
Slide 58: Kawsara - new discoveries
KAWSARA - NEW DISCOVERIES Potentially large resource approximately 30km southeast of the Sabodala plants B B’ 58
Slide 59: Massawa underground – long-term upside
MASSAWA UNDERGROUND – LONG-TERM UPSIDE Continuation of high-grade Massawa North Zone at depth 50 59
Slide 60: Ity Mine
ITY MINE Snapshot 290-330koz $975-1,100/oz 2.3Moz 4.5Moz As at As at 2025 Guidance 2025 Guidance 31 December 2023 31 December 2023 Production AISC P&P Reserves M&I Resources1 Overview The Ity mine is one of Endeavour’s cornerstone assets. It has the The CIL plant was successfully built ahead of long
Slide 61: Ity Mine
ITY MINE Overview KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2023 Tonnage Grade Content • Continued inclusion of new discoveries, including Le Plaque, to Resources shown (Mt) (Au g/t) (Au koz) provide greater mining and processing flexibility inclusive of Reserves (on a 100% basis) P
Slide 62: Ity Mine
ITY MINE Record production in FY-2024 Q4-2024 vs Q3-2024 INSIGHTS Production and AISC Production, koz AISC, US$/oz › Production increased due to increased tonnes milled, 96koz partially offset by lower average grades processed and 86koz 84koz lower recovery rates. 74koz 77koz › AISC increased due to
Slide 63: Ity Mine
ITY MINE Overview Ity production plan 2024 Guidance mid-point Incremental production added 2017 Optimization Study 350koz 300koz Target production of 250koz over +10 years expected to be achieved based on exploration potential and further resource to reserve conversion 250koz 200koz 150koz 100koz 50
Slide 64: Ity exploration strategy overview
ITY EXPLORATION STRATEGY OVERVIEW Focussed on maintaining minelife above 10 years DISCOVERY TARGET 3.5-4.5 Moz $ 26/oz (2021-2025) Indicated resources Discovery cost Exploration Strategy 2 Ity Deeps Daapleu 1 Resource 1 Conversion West Le Plaque Flotouo Toulepleu Yopleu 1 Long-term 2 Additions Daapl
Slide 65: Discovery track record
DISCOVERY TRACK RECORD Resource base continues to grow net of depletion M&I Resource additions versus depletion Cumulative depletion M&I resources2 6.9Moz 7.8Moz 7.6Moz 7.6Moz 5.9Moz 2.8Moz 3.1Moz Defined gold 5.7Moz 5.2Moz 5.3Moz 2.5Moz endowment 1.9Moz 2.1Moz 4.2Moz 1.5Moz 1.6Moz 1.5Moz1 3.4Moz 5.
Slide 66: Ity resource model
ITY RESOURCE MODEL Significant reserve and resource potential at the Ity Doughnut INSIGHTS 2023 Grand Ity reserve model1 H1-2024 Grand Ity reserve model2 › Significant resource and Bakatouo NW reserve expansion potential identified at Ity, in close proximity to the Processing Plant Zia Bakatouo proc
Slide 67: Near term exploration focus
NEAR TERM EXPLORATION FOCUS Focussed on extending mineralisation at known deposits INSIGHTS › An exploration programme of $15m is expected for FY-2024, of which $11m has been spent year to date with $3m spent in Q3-2024, consisting of 11,734 metres of drilling across 870 drill holes. › The explorati
Slide 68: West Flotouo
WEST FLOTOUO High grade discovery close to the Ity CIL plant 68
Slide 69: Le Plaque
LE PLAQUE Continuity demonstrated between Delta extension and Yopleu-Legaleu INSIGHTS Le Plaque exploration targets › The high grade Le Plaque deposit has been extended to the south towards Delta Extension and Le Plaque southwest. › Resource ore type is 77% fresh and the strip ratio is expected to b
Slide 70: Delta Extension
DELTA EXTENSION Mineralisation extends below pit shell 70
Slide 71: Walter-Bakatouo
WALTER-BAKATOUO Near mine low strip ratio resources added INSIGHTS Walter-Bakatouo selected drill holes › Walter-Bakatouo is located 1km east of the Ity CIL plant › Drilling at the Walter-Bakatouo pit in 2023 intercepted high-grade mineralisation around the margins of the granodiorite intrusion in t
Slide 72: Gbampleu
GBAMPLEU New discovery is a promising target on the Toulepleu-Ity greenstone belt INSIGHTS Gbampleu selected drill holes › The Gbampleu discovery is located in the Toulepleu exploration permit (PR462), 22km south of the Ity plant. The prospect sits in the center part of the Toulepleu-Ity greenstone
Slide 73: Gbampleu
GBAMPLEU New discovery is a promising target on the Toulepleu-Ity greenstone belt 73
Slide 74: Houndé Mine
HOUNDÉ MINE Burkina Faso 230-260koz $1,225-1,375/oz 2.6Moz 3.8Moz As at As at 2025 Guidance 2025 Target 31 December 2023 31 December 2023 Production AISC P&P Reserves M&I Resources1 Overview The Houndé mine is one of Endeavour’s The goal is to delineate sufficient additional resources cornerstone as
Slide 75: Houndé Mine
HOUNDÉ MINE Burkina Faso KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2023 Resources shown Tonnage Grade Content • Greater mining flexibility with multiple available ore sources inclusive of Reserves (on a 100% basis) (Mt) (Au g/t) (Au koz) following stripping at Vindaloo and the incor
Slide 76: Houndé Mine
HOUNDÉ MINE High grade ore sourced from the Kari Pump pit supported a strong Q4-2024 Q4-2024 vs Q3-2024 INSIGHTS Production and AISC › Production increased due to higher-grade material Production, koz AISC, US$/oz processed and increased tonnes milled, partially offset by 109koz lower recovery rates
Slide 77: Houndé Mine
HOUNDÉ MINE Burkina Faso Houndé production plan 2024 Guidance mid-point Incremental production added 2016 Optimization Study 350Koz 300Koz Target production of 250koz over +10 years expected to be achieved based on exploration potential and further resource to reserve conversion 250Koz 200Koz 150Koz
Slide 78: Houndé exploration strategy overview
HOUNDÉ EXPLORATION STRATEGY OVERVIEW Focussed on maintaining a +10 year mine life DISCOVERY TARGET 3.0-4.0 Moz $19/oz Indicated resources Discovery cost (2021-2025) 2 2 Exploration Strategy Resource Vindaloo Kari Area 1 Conversion Deeps Koho Dossi Long-term 1 2 Additions Golden Hill Mambo Sia Dohoun
Slide 79: Discovery track record
DISCOVERY TRACK RECORD Resource base continues to grow net of depletion M&I Resource additions versus depletion M&I resources1 Cumulative Depletion 5.7Moz 6.4Moz 6.2Moz 1.2Moz 5.7Moz 5.5Moz 1.5Moz 0.9Moz Defined gold 4.5Moz 1.9Moz endowment 0.6Moz 3.5Moz 0.4Moz 2.6Moz 2.5Moz 5.2Moz 3.8Moz 0.1Moz 4.6
Slide 80: Near term exploration focus
NEAR TERM EXPLORATION FOCUS Focussed on near mine exploration targets INSIGHTS › An exploration programme of $10m is expected for FY-2024, of which $8m has been spent year to date with $1m spent in Q3-2024. The FY-2024 programme remains focussed on delineating additional resources at the Vindaloo De
Slide 81: Vindaloo South and Deeps
VINDALOO SOUTH AND DEEPS Drill programme focussing on delineating mineralisation extensions INSIGHTS › During FY-2023, drilling below the Vindaloo deposit identified two additional mineralised zones at depth, confirming the potential to delineate a sizeable, high-grade underground resource. › This V
Slide 82: Vindaloo Deeps
VINDALOO DEEPS Mineralisation remains open at depth below the current pit shell 82
Slide 83: Vindaloo South section
VINDALOO SOUTH SECTION Mineralisation remains open at depth 83
Slide 84: Mambo
MAMBO Delineation of the Mambo discovery INSIGHTS Mambo geology and drilling intercepts › Mambo is an attractive deposit as it is expected to have a low strip ratio, the resource contains approximately 40% oxide and transitional material › The higher-grade portion (+2g/t) of the Mambo deposit is exp
Slide 85: Golden Hill exploration
GOLDEN HILL EXPLORATION Potential to integrate within the Houndé mine plan INSIGHTS › Advanced-stage exploration project on the Houndé Belt within trucking distance (25-30 kilometres) of the Houndé mine › Indicated resource of 753koz at 1.86 g/t and an Inferred resource of 760koz at 1.81 g/t as at 3
Slide 86: Mana Mine
MANA MINE Burkina Faso 160-180koz $1,550-1,750/oz 0.9 Moz 2.3 Moz As at As at 2025 Guidance 2025 Guidance 31 December 2023 31 December 2023 Production AISC P&P Reserves M&I Resources1 Overview The Mana mine is located in the northern part Recent discoveries resulted in the development of of the high
Slide 87: Mana Mine
MANA MINE Burkina Faso KEY OPPORTUNITIES RESERVES AND RESOURCES as at 31 December 2023 • Mine life extensions through open pit and underground exploration Tonnage Grade Content Resources shown (Mt) (Au g/t) (Au koz) • Transitioning Wona to an underground operation and incorporating inclusive of Rese
Slide 88: Mana Mine
MANA MINE Production improved in Q4 following increased development rates Q4-2024 vs Q3-2024 INSIGHTS Production and AISC Production, koz AISC, US$/oz › Production increased due to higher average grades 42koz 41koz processed and higher tonnes milled, partially offset 37koz by lower recovery rates. 3
Slide 89: Mana exploration strategy overview
MANA EXPLORATION STRATEGY OVERVIEW Focussed on extending mine life to +10 years DISCOVERY TARGET 1.0-1.5 Moz $30/oz (2021-2025) Indicated resources Discovery cost Exploration Strategy Resource Wona UG Siou UG 1 Conversion Long-term 2 Additions Nyafe Deep Fofina Deep 1 TARGET SCREENING Bubble size re
Slide 90: Near term exploration focus
NEAR TERM EXPLORATION FOCUS Focussed on non-refractory open-pit targets INSIGHTS Mana exploration map › An exploration programme of $2m is expected for FY- 2024, of which $2m has been spent year to date with $1m spent in Q3-2024, consisting of 1,756 metres of drilling across 47 drill holes. The expl
Slide 91: Lafigué Mine
LAFIGUÉ MINE Côte d’Ivoire 180-210koz $950-1,075/oz 2.7Moz 3.0Moz As at As at 2025 Guidance 2025 Guidance 31 December 2023 31 December 2023 Production AISC P&P Reserves M&I Resources1 Overview The Lafigué project will become Endeavour’s next cornerstone asset. It also demonstrates the capabilities o
Slide 92: Lafigué Mine
LAFIGUÉ MINE Successfully ramped up to nameplate capacity Q4-2024 vs Q3-2024 INSIGHTS LAFIGUÉ PROCESSING PLANT › Production increased due to an increase in tonnes milled and average grades processed, while recoveries remained consistent. › AISC decreased due to increased gold sales in addition to lo
Slide 93: Lafigué flowsheet
LAFIGUÉ FLOWSHEET High Pressure Secondary Crushed Ore Stockpile Grinding Rolls crushing Stockpile Primary crushing Gravity Ball mill Concentrator Cyanide leach and Tails thickening Tailings storage Pre-leach thickening absorption facility Elution Electrowinning Furnace Gold bars 93
Slide 94: Lafigué Project
LAFIGUÉ PROJECT Long life and low AISC operation Lafigué production plan DFS Production DFS AISC 300koz 250koz $2,000/oz 203Koz $1,600/oz Average annual Target production of +200koz production over LOM 200koz $1,200/oz 150koz +33% $800/oz 100koz $400/oz 50koz Incremental production over the PFS 0koz
Slide 95: Lafigué exploration overview
LAFIGUÉ EXPLORATION OVERVIEW Long-term potential to grow endowment Exploration Strategy 1 Near-term Central Area DISCOVERY TARGET 1.5-2.0 Moz 45/oz $ (2021-2025) Indicated resources Discovery cost DISCOVERY TARGET Medium- 2 (2021-2025) term Indicated Target 1 resources Target 4-12 Underground WA02 W
Slide 96: Fetekro exploration property
FETEKRO EXPLORATION PROPERTY High priority targets to follow-up with over the first few years of production INSIGHTS Fetekro Exploration permit select intercepts › Advanced grade control and sterilisation drill programmes were completed during FY-2023 and the hydrogeological and geotechnical program
Slide 97: Lafigué North
LAFIGUÉ NORTH Section 320205 97
Slide 98: Lafigué Center
LAFIGUÉ CENTER Section 319830 98
Slide 99: Assafou Project
ASSAFOU PROJECT Côte d’Ivoire 329koz $892/oz 4.1Moz 4.6Moz As at As at First 10 years First 10 years 31 August 2024 30 June 2024 Production AISC P&P Reserves M&I Resources1 Overview The Assafou project will become Endeavour’s next cornerstone asset. It also demonstrates the capabilities of the Group
Slide 100: Assafou Project
INSIGHTS › 4.5Moz Indicated resource outlined in Tanda-Iguela regional map approximately two years after discovery at a low discovery cost of $11 per indicated ounce ASSAFOU PROJECT Côte d’Ivoire TONNAGE GRADE CONTENT (Mt) (Au g/t) (Au koz) Indicated 70.9 1.97 4,493 Inferred 2.9 1.91 176 › Tanda-Igu
Slide 101: Assafou/Pala intersection
ASSAFOU/PALA INTERSECTION Unlocking satellite targets at Tanda-Iguela Assafou – Pala Trend 3 section A A’ +900m Identified mineralised strike at Pala Trend 3 Pala Trend 3 Assafou <1km INSIGHTS Distance from Assafou › Pala Trend 3 is a near-surface Brimian greenstone hosted target identified over a 9
Slide 102: Assafou deposit
ASSAFOU DEPOSIT Mineralisation towards the northwest added to the November 2023 pit shell Cross Section 3133: Resources extended to the northwest outside of the November 2022 resource pit shell 102
Slide 103: Assafou deposit
ASSAFOU DEPOSIT Mineralisationn intersected below November 2023 pit shell Cross Section 2933: Infill drilling in the northwest of Assafou extended resources at depth 103
Slide 104: Assafou deposit
ASSAFOU DEPOSIT High grade and thickness of main mineralised lense with additional lenses added near surface Cross Section 2333: Infill drilling identified shallow mineralisation in the southwest of the deposit 104
Slide 105: Assafou deposit
ASSAFOU DEPOSIT Continuity of main mineralised lense with further mineralisation intersected at depth Cross Section 1933: Infill drilling in the centre of the deposit extended resources at depth 105
Slide 106: Assafou deposit
ASSAFOU DEPOSIT Additional resources added close to surface in the southeast part of the deposit Cross Section 1766: Infill drilling has added additional resources close to surface and at depth 106
Slide 107: Assafou deposit
ASSAFOU DEPOSIT Indicated resource extended southeast along strike Cross Section 0533: Drilling has extended resources southeast of the November 2022 resources 107
Slide 108: Assafou deposit
ASSAFOU DEPOSIT Indicated resource extended southeast along strike Cross Section 0933: Drilling has extended resources southeast of the November 2022 resources 108
Slide 109: Koulou Gold investment
INSIGHTS › Endeavour’s initial strategic investment of $2.7 million represents Kouto 12.39% ownership in Koulou Gold with KOULOU GOLD INVESTMENT Côte d’Ivoire the potential to increase to 19.11% upon full exercise of the Warrants. Sakassou project › The Sakassou property is located on the highly pro
Slide 110: Kalana Project
KALANA PROJECT Mali QUICKFACTS (ON 100% BASIS) – 2021 UPDATED PFS RESERVES AND RESOURCES as at 31 December 2023 Ownership 80% EDV; 20% Mali government Mine Type Open Pit Tonnage Grade Content Mill Type 3.0Mtpa Gravity / CIL Plant Resources shown inclusive of Reserves (on a 100% basis) (Mt) (Au g/t)
Slide 111: Kalana Project
KALANA PROJECT Kalana 2016 vs. 2021 Study Comparison1 Mali 2021 STUDY 2016 STUDY VARIANCE PLANT SIZE & CAPEX Nominal mill capacity, Mtpa 3.0 1.2 +150% Upfront capital cost, $m 297 196 +51% › Key changes in updated PFS compared to LIFE OF MINE STATS the 2016 Avnel study: Mine life, years 11 18 -39% ‒
Slide 112: Bantou Project
INSIGHTS › Acquired through Endeavour’s acquisition of SEMAFO in 2020 and currently consists of eight mineralised zones with diverse BANTOU PROJECT mineralisation styles and grades within the prolific Houndé Burkina Faso Greenstone Belt › The Inferred resource is comprised of three main areas with t
Slide 113: Greenfield Siguiri licenses
113 GREENFIELD SIGUIRI LICENSES Guinea
Slide 114: Being a Trusted Partner
Watch video BEING A TRUSTED PARTNER 4 114
Slide 115: Our purpose is to produce gold that provides lasting value to society
OUR PURPOSE IS TO PRODUCE GOLD THAT PROVIDES LASTING OURVALUE PURPOSETO IS TOSOCIETY PRODUCE GOLD THAT PROVIDES LASTING VALUE TO SOCIETY We achieve this by... Protecting and promoting the Helping to create resilient and Trusted to unlock the full benefits places where we operate self-sustaining comm
Slide 116: Improving our transparency & disclosure
IMPROVING OUR TRANSPARENCY & DISCLOSURE As our company has grown, so have our ESG initiatives and commitments 2023 • RGMP Compliance 2022 achieved at all sites • New Code of Business • ISO 14001/ISO 45000 2021 Conduct and Ethics certification achieved at • External assurance on key all sites 2020 ES
Slide 117: Continuous improvement in ESG ratings
CONTINUOUS IMPROVEMENT IN ESG RATINGS Reflecting increased transparency, disclosure and engagement 2019 2022 53.2 /100 Severe Risk 2019 23.9 /100 Medium Risk 2022 2024 18.2 /100 Low Risk 2023 16.3 /100 Low Risk 2025 2024 2020 2022 2019 2020 2021 2022 2023 Company Percentile Industry Score Ranking Av
Slide 118: Towards net zero
TOWARDS NET ZERO INSIGHTS TARGETS › Continued to implement a number of abatement initiatives to improve the Achieve <0.601 t CO2-e /oz efficiency of our operations, reduce energy use and associated costs, and lower 2024 emission intensity emissions › Overall carbon footprint in 2023 comprised of 50%
Slide 119: Energy sources
ENERGY SOURCES SNAPSHOT OF OUR POWER SOURCES AND OPPORTUNITIES Senegal Côte d’Ivoire Burkina Faso Country Profile Country Profile Country Profile • 79% Fossil, 21% Renewables (Solar, Wind, Hydro) • Well-developed national infrastructure • 68% Imported, 32% Domestic Production Mines & Main Power Sour
Slide 120: Peer benchmarking
PEER BENCHMARKING Global gold producer emission intensities 3.90 Emission Intensity (kt CO2-e/oz) 1.63 1.51 LOW INTENSITY Industry average intensity of 1.001 1.00 PRODUCER 0.80 0.81 0.76 0.67 0.57 0.60 0.54 0.40 40% Below industry Anglogold B2Gold Northern Star Newcrest Kinross Agnico-Eagle Fresnill
Slide 121: Water stewardship
WATER STEWARDSHIP Water stress index INSIGHTS › Our approach is to use water as efficiently as possible Low <10% › We pay for the water we withdraw as part of our water permits Low-Medium 10-20% › Water withdrawal intensity for the Group Medium-high decreased to 9.9 KL/oz due to divestments of 20-40
Slide 122: Responsible tailings management
RESPONSIBLE TAILINGS MANAGEMENT INSIGHTS Endeavour’s TSFs › Conduct regular internal and external audits, results are reported back to senior management and the Board › We support the Global Industry Standard on Tailings Management (GISTM) and are working towards alignment › Annual tailings disclosu
Slide 123: Protecting the environment
PROTECTING THE ENVIRONMENT INSIGHTS TARGETS › We are committed to protecting and conserving nature and biodiversity 2024 Protect >430 ha of land and reclaim 40ha › Our Environmental policy includes a commitment to No Net Loss of Critical Habitat › In 2023 we recorded no critical or major environment
Slide 124: Creating jobs & upskilling talent
CREATING JOBS & UPSKILLING TALENT Our workforce INSIGHTS Our employees, by origin Female employees Nationals › Total workforce of 16,212 including 4,820 Local Communities Female contractors employees & 11,392 contractors Male employees Expatriates Male contractors › 40% of our General Managers are W
Slide 125: Boosting host economies
BOOSTING HOST ECONOMIES INSIGHTS Procurement budget Payments to governments National and Local suppliers Senegal › We prioritise in-country suppliers and the Foreign Suppliers Côte d’Ivoire development of domestic supply chains to Burkina Faso create employment opportunities Mali › We contribute to
Slide 126: Community engagement
COMMUNITY ENGAGEMENT Case study INSIGHTS › 1,785 community consultations held during 2023 › Range of income-generating activities in place, with a focus on the youth and women › 144 grievances received in 2023, with big improvement in resolution time from 32 to 17 days, just shy of Group target of 1
Slide 127: Education
EDUCATION INSIGHTS › Education is a key priority for Primary Secondary University Internships Endeavour, unlocking socio- School School economic opportunities for members of our host communities. 46 Birth Certificates Lvolution Academy University 856 Job Experience Supporting disabled & (site initia
Slide 128: Targeting zero harm
TARGETING ZERO HARM INSIGHTS Lost time injury frequency (LTIFR) All injury frequency rate (AIFR) -69% -18% › Reported 0.89 TRIFR, well below industry 3.66 benchmark 0.26 3.47 2.77 2.86 › Achieved ISO 45001 and ISO 14001 0.20 certification › Malaria incidence rate reduced 2% to 286 for, trialling a c
Slide 129: Diversity & inclusion
DIVERSITY & INCLUSION INSIGHTS Female representation at Endeavour › Employment of women in mining in West Africa +22% remains a relatively new, predominantly due to historical perceptions of the industry and cultural 11% traditions › We are addressing this bias by actively promoting gender equality
Slide 130: Ethical business
ETHICAL BUSINESS INSIGHTS TARGETS › Zero substantiated reports of bribery, corruption, human rights or modern slavery Roll out Human Rights Awareness 2024 › Set out Group’s 3-year human rights roadmap Campaign in our host communities › Achieved RGMP compliance across all our sites and corporate Deve
Slide 131: Governance framework
GOVERNANCE FRAMEWORK THE BOARD ESG Committee Audit Committee Quarterly Executive Management Committee EVP PA, Security and Social Perf. EVP ESG & Supply Chain Executive ESG SteerCo Quarterly Legal Working group Sector Specialists HSE HR Social Tech Supply Investor PA performance Services chain relat
Slide 132: Strong & diverse corporate governance
STRONG & DIVERSE CORPORATE GOVERNANCE Size of Board = 9 Nationalities represented on the Board Board experience by sector Strategy & Leadership International Business 8 6 1 Metals & Mining Finance & Accounting Public Policy Operations & Exploration Corporate Governance Sustainability & Non-Executive
Slide 133: West Africa Insights
Watch video WEST AFRICA INSIGHTS 5 133
Slide 134: West Africa's competitive advantage
EXPLORATION Top region for discoveries over the last 10 years globally WEST AFRICA'S COMPETITIVE ADVANTAGE PERMITTING Amongst the quickest permitting timelines Endeavour is strategically positioned globally with an unmatched competitive advantage in the region. West Africa has become the largest gol
Slide 135: West African production growth
REGION’S PRODUCTION GROWTH WEST AFRICAN PRODUCTION GROWTH Burkina Faso Mali Guinea % of Mine Supply Côte d’Ivoire Senegal Ghana and Other WEST AFRICA 18Moz 16% IS THE FASTEST- GROWING GOLD 14% PRODUCING REGION 15Moz 12% West African Mine Supply (ounces) 12Moz Percentage of Global Mine Supply 10% +80
Slide 136: Production for the region
PRODUCTION FOR THE REGION ANNUAL GOLD PRODUCTION BY REGION In millions of ounces, for 2022 16Moz WEST AFRICA IS THE LARGEST GLOBAL GOLD PRODUCING REGION 12Moz 10Moz 10Moz 6 out of the top 10 senior gold producers have a presence in West Africa, with Endeavour being the largest producer in the region
Slide 137: Endeavour is the dominant West African gold producer
PRODUCTION WEST AFRICAN GOLD PRODUCTION 2023 Endeavour 1.17 Moz ENDEAVOUR IS THE DOMINANT Newmont 0.97 Moz WEST AFRICAN Anglogold 0.71 Moz GOLD PRODUCER Gold Fields 0.70 Moz Barrick 0.68 Moz Endeavour has a strategic benefit from being geographically focused yet Kinross 0.62 Moz diversified across m
Slide 138: West Africa is the 4th largest exploration focus
GOLD INDUSTRY EXPLORATION BUDGET 2023 In US$ millions WEST AFRICA IS 1,378 THE 4TH LARGEST EXPLORATION FOCUS ACROSS THE GLOBE 1,058 Given that exploration spend often 837 foreshadows future production growth, West Africa has the potential to be an even larger producing region. 432 320 189 7.3% +$6.5
Slide 139: West Africa ranks 1st for discoveries
INDUSTRY EXPLORATION SPEND DISCOVERIES BY AREA For the period between 2010-2023 67Moz WEST AFRICA RANKS 1ST FOR DISCOVERIES OVER PAST DECADE The region is significantly under-explored compared to other regions. 34Moz 33Moz 32Moz 27Moz 23Moz 67 21Moz 19Moz 18Moz 18Moz 15Moz Moz 14Moz 13Moz 12Moz 8Moz
Slide 140: Endeavour holds one of the largest land tenement holdings
UNDER-EXPLORED REGION ENDEAVOUR HOLDS ONE OF THE LARGEST LAND TENEMENT HOLDINGS IN WEST AFRICA 60% of greenstone belt lies in Burkina Faso and Côte d’Ivoire but… …only represents ~30% of production Endeavour has a strategic foothold in since it is two of West Africa’s most prospective belts underexp
Slide 141: Discovery to production for gold mines
DISCOVERY TO PRODUCTION FOR GOLD MINES Average lead time to production since 1990 WEST AFRICA IS Oceania 19 yrs THE FASTEST JURISDICTION TO North America 17 yrs BUILD A MINE Given the importance of mining to West South America 16 yrs African economies, administrations are supportive of the extractiv
Slide 142: Gold project constructions
PRODUCTION GOLD PROJECT CONSTRUCTIONS Based on 44 primary gold projects built since 2010 Project built on time & schedule Project missed budget or schedule WEST AFRICAN Latin America 7 projects 3.0 yrs PROJECTS ARE BUILT QUICKER, ON-TIME North America 10 projects 2.3 yrs AND ON-BUDGET Asia-Pacific 5
Slide 143: West African projects have low capital intensity
PRODUCTION FOR THE REGION GOLD PROJECT CAPITAL INTENSITY Capital intensity calculated as development capital costs divided by M&I Resource as per the feasibility study $146/oz $147/oz WEST AFRICAN PROJECTS HAVE LOW $128/oz CAPITAL INTENSITY $118/oz $108/oz West African projects have the lowest capit
Slide 144: Favourable mining jurisdictions
PRODUCTION WEST AFRICAN ECONOMIC AND MONETARY UNION (WAEMU) FAVOURABLE MINING JURISDICTIONS Stable mining code and a well-balanced profit-sharing framework to encourage investment into the mining sector. WAEMU has adopted standardised tax principles across member countries, creating consistency that
Slide 145: Alignment of mining conventions
ALIGNMENT OF MINING CONVENTIONS Well-aligned mining conventions across West Africa CÔTE D’IVOIRE BURKINA FASO SENEGAL Low High Rate Low High Rate Government 0 1,000 3.00% 0 1,000 3.00% Royalty rate at 1,000 1,300 3.50% 1,000 1,300 4.00% US$/oz gold 1,300 1,600 4.00% 1,300 1,500 5.00% price Flat 5% R
Slide 146: Enhanced security platform due to scale in the region
REGION’S PRODUCTION GROWTH ENHANCED SECURITY PLATFORM DUE TO SCALE IN THE REGION › Security unit structured as a business unit, led by ex-French military › Air strips on sites to avoid use of roads and improve operating efficiencies › Strong relationship with in-country security forces including: ›
Slide 147: Appendix
APPENDIX FT / 26 EEE f
Slide 148: Appendix 1: Management, Board & Corporate Structure
01 APPENDIX 1 Management, Board & Corporate Structure
Slide 149: Executive Management Team
EXECUTIVE MANAGEMENT TEAM Ian Cockerill Guy Young Djaria Traore Martin White Guénolé Pichevin CEO CFO EVP Operations & ESG EVP & Chief Technical EVP Strategy & Business • Joined in 2024 as CEO and in 2022 • Joined in 2023 • Joined Endeavour in 2019 Officer Development as a Director • 25+ years exper
Slide 150: Board Members
BOARD MEMBERS Srinivasan Venkatakrishnan Ian Cockerill Alison Baker Livia Mahler Chair and Independent Executive Director Independent Independent Non-Executive Director Non-Executive Director Non-Executive Director John Munro Sakhila Mirza Naguib Sawiris Patrick Bouisset Cathia Lawson-Hall Independe
Slide 151: Corporate Structure
CORPORATE STRUCTURE Guarantor of $500m senior notes and $700m RCF issued by Endeavour Mining PLC Issuer Endeavour Mining plc (UK) Guarantor of XOF 100.5B1 term loan issued by Operating Entity 100% Lafigué Holdings UK Limited Endeavour Mining Corporation (Cayman) Holding Company 100% Endeavour Gold C
Slide 152: Appendix 2: Mine statistics & additional information
02 APPENDIX 2 Mine statistics & additional information
Slide 153: Mine Statistics (quarterly)
MINE STATISTICS On a quarterly year basis ITY HOUNDÉ MANA SABODALA-MASSAWA LAFIGUÉ (on a 100% basis) Q4-2024 Q3-2024 Q4-2023 Q4-2024 Q3-2024 Q4-2023 Q4-2024 Q3-2024 Q4-2023 Q4-2024 Q3-2024 Q4-2023 Q4-2024 Q3-2024 Q4-2023 Physicals Total tonnes mined – OP1 000t 8,120 7,761 7,349 10,833 9,567 11,993 —
Slide 154: Mine Statistics (full year)
MINE STATISTICS On a full year basis ITY HOUNDÉ MANA SABODALA-MASSAWA LAFIGUÉ (on a 100% basis) FY-2024 FY-2023 FY-2024 FY-2023 FY-2024 FY-2023 FY-2024 FY-2023 FY-2024 FY-2023 Physicals Total tonnes mined – OP1 000t 30,419 27,891 43,116 47,680 930 6,001 43,478 45,943 37,151 — Total ore tonnes – OP 0
Slide 155: Appendix 3: Reserves and Resources, 5-year exploration target
03 APPENDIX 3 Reserves and Resources, 5-year exploration target
Slide 156: Reserves and Resources
RESERVES AND RESOURCES As of 31 December 2023, on a 100% Basis Resources shown Tonnage Grade Content Resources shown Tonnage Grade Content Resources shown Tonnage Grade Content inclusive of Reserves (Mt) (Au g/t) (Au koz) inclusive of Reserves (Mt) (Au g/t) (Au koz) inclusive of Reserves (Mt) (Au g/
Slide 157: Notes to Reserves and Resources
NOTES TO RESERVES AND RESOURCES As at 31 December 2023 157
Slide 158: Exploration methodology and strategy
EXPLORATON METHODOLOGY AND STRATEGY Selection, ranking and risk evaluation of exploration targets Endeavour’s large land position (more than 17,000 sq Km) and comprehensive database over a very large number of exploration targets promotes the application of a general portfolio management theory wher
Slide 159: Contact
CORPORATE OFFICE 5 Young Street, London W8 5EH, United Kingdom T: +44 203 011 2723 OPERATIONS OFFICE Abidjan Office, Route du Lycée Technique, Abidjan, 08 BP 872 Abidjan 08, Côte d’Ivoire T: +225 27 22 48 99 00 CONTACT US investor@endeavourmining.com Follow us: TSX.EDV endeavourmining.com LSE.EDV 15
Endeavour Mining — Investor Presentation (January 2025) on 6ix