Slide 1: Operational & Financial Results, Updated Houndé & Ity Mine Plans
Q1 Q2 Q3 OPERATIONAL & FINANCIAL RESULTS UPDATED HOUNDÉ & ITY MINE PLANS November 12, 2020 TSX:EDV
Slide 2: Speakers
SPEAKERS SÉBASTIEN DE MARK HENRI PATRICK MARTINO MONTESSUS MORCOMBE DE JOUX BOUISSET DE CICCIO CEO & Director COO Interim CFO EVP Exploration VP, STRATEGY AND EVP People, and Growth INVESTOR Culture & IT RELATIONS
Slide 3: Table of Contents
TABLE OF CONTENTS 1 Q3 & YTD-2020 IN REVIEW 2 FINANCIAL SUMMARY 3 DETAILS BY MINE AND PROJECT 4 CONCLUSION 5 APPENDIX Note : All amounts are in US$, except where indicated, and may differ from the MD&A due to rounding
Slide 4: Disclaimer & Forward Looking Statements
DISCLAIMER & FORWARD LOOKING STATEMENTS Cash cost per ounce and all in sustaining cash cost per ounce are non GAAP Endeavour operates Although Endeavour has attempted to identify important performance measures with no standard meaning under IFRS This factors that could cause actual results to differ
Slide 5: Q3 & YTD-2020 in Review
01 SECTION 1 Q3 & YTD-2020 IN REVIEW
Slide 6: Summary
Q3-2020 RESULTS SUMMARY Strong Continued Achievements ON TRACK RECORD FREE NET DEBT NEW ITY AND FIRST TO MEET CASH FLOW REDUCED BY HOUNDE DIVIDEND GUIDANCE PER SHARE 71% OVER MINE PLANS DECLARED AT IN Q3 LTM PROVIDE ATTRACTIVE LONG MINE YIELD LIFE VISIBILITY 6
Slide 7: Our COVID-19 Response
Q3-2020 RESULTS OUR COVID-19 RESPONSE Business continuity plan while protecting the well-being of our employees CURRENTLY OPERATING IN A LEVEL 1 ENVIRONMENT › Enhanced preventative measures in place 1 › Gold shipments ongoing with a modified delivery process Near-normal operations › Continued full o
Slide 8: On Track to Meet Guidance
Q3-2020 RESULTS ON TRACK TO MEET GUIDANCE Strong Q3-2020 achieved with record Q4 expected GROUP LTM BELOW LTIFR1 INDUSTRY 0.14 1.1 Industry Average2 Benefit of higher grades at Houndé and Boungou restart PRO FORMA GROUP YTD ON TRACK PRODUCTION 722koz 995-1,095koz Guidance Record Q4 expected and lowe
Slide 9: Safety Is Our Top Priority
Q3-2020 RESULTS SAFETY IS OUR TOP PRIORITY Lost Time Injury Frequency Rate remains low compared to industry standards Lost Time Injury Frequency Rate(1) (on a rolling 12-months basis) 1.10 0.14 Lost Time Injury Frequency Rate 0.40 0.29 0.16 0.12 0.14 3 LTIs Over the past 12 months Industry FY-2016 F
Slide 10: Production and AISC
Q3-2020 RESULTS PRODUCTION AND AISC Stronger production with robust contributions from newly acquired assets Production and AISC +95koz Production AISC from all operations 244koz 181koz 178koz 172koz Q3-2020 vs. Q2-2020 Production 149koz $939/oz +64% $899/oz $906/oz $819/oz $803/oz Q3-2020 vs. Q2-20
Slide 11: All-in Sustaining Margin
Q3-2020 RESULTS ALL-IN SUSTAINING MARGIN Strong performance from newly acquired assets and pre-acquisition portfolio All-in Sustaining Margin from all operations In $m, unless otherwise indicated 133m Realized Gold Price +$ $245m Q3-2020 vs. Q2-2020 All-in Sustaining Margin $118m $113m $112m $108m +
Slide 12: Operating Cash Flow
Q3-2020 RESULTS OPERATING CASH FLOW Operating cash flow benefited from increased production and higher gold prices Operating cash flow before working capital (from all operations) +$138m $223m Q3-2020 vs. Q2-2020 +162% $115m $119m +30% $85m $73m SEMAFO accretive to OCFPS in Q3-20201 Q3-2019 Q4-2019
Slide 13: Net Debt Reduction
Q3-2020 RESULTS NET DEBT REDUCTION Quickly approaching a net cash position Net Debt Reduction 485m Net Debt Net Debt / Adj. EBITDA (LTM) INVESTMENT PHASE DEBT REDUCTION PHASE DIVIDEND PHASE $ $660m Net Debt reduction $608m since June 2019 $528m 2.75x $473m $473m 1.94x -89% 1.48x 1.06x 1.00x $175m Ne
Slide 14: First Dividend Announced
Q3-2020 RESULTS FIRST DIVIDEND ANNOUNCED Attractive yield as part of our strategy of maximizing shareholder value Dividend yield of gold producers 1.6% 8.5% Dividend 6.1% 5.5% yield1 4.1% 3.8% 3.7% 3.5% 2.9% 2.1% CAD$0.48 1.9% 1.9% 1.7% 1.6% 1.6% 1.5% 1.4% 1.4% 1.4% 1.3% 1.2% 1.2% 1.2% 1.2% 0.7% per
Slide 15: Ability to Pay Sustainable Dividends
Q3-2020 RESULTS ABILITY TO PAY SUSTAINABLE DIVIDENDS New Ity and Houndé outlooks provide long term cash flow visibility Combined Houndé and Ity production 500Koz Target production of 500koz over +10 years expected to be achieved based on exploration potential and further resource to reserve conversi
Slide 16: 5-Year Outlook for Ity and Houndé Mines
Q3-2020 RESULTS 5-YEAR OUTLOOK FOR ITY AND HOUNDÉ MINES Ability to produce a combined 500koz per year at AISC $823/oz PRODUCTION1 AISC1 M&I P&P GHG EMISSION MINE RESOURCES2 RESERVES2 INTENSITY LIFE2 ITY 248koz $780/oz 4.1Moz 3.3Moz 0.34t CO2e/oz 10.9yrs MINE HOUNDÉ MINE 250koz $865/oz 4.5Moz 2.9Moz
Slide 17: Fetekro Project Being Fast Tracked
Q3-2020 RESULTS FETEKRO PROJECT BEING FAST TRACKED PFS targeted for release in early 2021; potential to become a cornerstone mine 2.5Moz Published in Q3-2020 3.0Mtpa PFS PLANT SIZE INITIAL PEA HIGHLIGHTS ON PREVIOUS 1.2MOZ INDICATED RESOURCE TOTAL LIFE OF MINE Gold contained processed 1.0Moz Average
Slide 18: Strong Exploration Efforts
Q3-2020 RESULTS STRONG EXPLORATION EFFORTS 2.0Moz of M&I resources were added in Q3-2020 across Houndé, Ity and Fetekro INSIGHTS Exploration expenditure for YTD-2020 › During YTD-2020, exploration continued to be a strong focus, with a company-wide exploration spend of $44m › Over 234,800m drilled a
Slide 19: On Track to Meet 5-Year Exploration Target
Q3-2020 RESULTS ON TRACK TO MEET 5-YEAR EXPLORATION TARGET Average discovery cost of below $15/oz Total Indicated discoveries and targets 8.4Moz Indicated resources discovered Indicated resources targeted % Cumulative Indicated resources against 5-year discovery target 100% 80% 1.5-2.5Moz 10-15Moz d
Slide 20: Created an Attractive Portfolio
Q3-2020 RESULTS CREATED AN ATTRACTIVE PORTFOLIO Strong exposure across asset lifecycle with operational, project and exploration track record 13 Greenfields Exploration 4 Projects 6 Mines Daoukro Cluster Côte d’Ivoire Kofi Trend Siguiri Bondoukou Cluster Karma Mali Guinea Côte d’Ivoire Nabanga Burki
Slide 21: Financial Summary
02 SECTION 2 FINANCIAL SUMMARY
Slide 22: Financial Overview
FINANCIAL SUMMARY FINANCIAL OVERVIEW YTD-2020 benefited from higher production, acquired assets and higher gold price Consolidated Highlights QUARTER ENDED NINE MONTHS ENDED +96% Sep. 30, Jun. 30 Sep. 30, Sep. 30, Sep. 30, Var. YTD-20 2020 2020 2019 2020 2019 vs. YTD-19 (in $ million unless otherwis
Slide 23: All-in Margin
FINANCIAL SUMMARY ALL-IN MARGIN YTD-2020 benefited from higher production and higher gold price THREE MONTHS NINE MONTHS INSIGHTS YTD-2020 VS. YTD-2019 ENDED ENDED 1. Higher cash costs at Houndé, Ity, Mana, and Sep. 30, Jun. 30 Sep. 30, Sep. 30, Var. YTD-20 Agbaou which were partially offset by a 20
Slide 24: Net Free Cash Flow
FINANCIAL SUMMARY NET FREE CASH FLOW Strong increase due to completion of investment phase and SEMAFO consolidation THREE MONTHS NINE MONTHS ENDED ENDED INSIGHTS YTD-2020 VS. YTD-2019 Sep. 30, Jun. 30, Sep. 30, Sep. 30, Δ YTD-20 (in $ million) 2020 2020 2020 2019 vs. YTD-19 1. Mainly due to increase
Slide 25: Net Debt and Liquidity Analysis
FINANCIAL SUMMARY NET DEBT AND LIQUIDITY ANALYSIS Financial position significantly improved INSIGHTS Net Cash Variation Analysis › Net Debt amounted to $175m at quarter-end, a decrease of $353m compared to year-end 2019. › The leverage ratio, Net Debt / Consolidated adjusted EBITDA ($64m) $3m (based
Slide 26: Net Earnings Breakdown
FINANCIAL SUMMARY NET EARNINGS BREAKDOWN Adjusted EPS of $1.24 for YTD-2020 NINE MONTHS ENDED INSIGHTS Sep. 30, Sep. 30, 1. Mainly relates to M&A activity connected (in $ million) A = Adjustments made for Adjusted Net Earnings to the acquisition of SEMAFO 2020 2019 2. Mainly due to the net impact of
Slide 27: Adjusted Net Earnings Per Share
FINANCIAL SUMMARY ADJUSTED NET EARNINGS PER SHARE Up 47% in Q3-2020 compared to same period of last year Adjusted net earnings per share (EPS) Adjusted EPS, in $/share $0.48/share $0.44 $0.44/share $0.34/share $0.30/share Q3-2020 Adj. EPS $0.30/share $0.08/share +$0.14 Adj. EPS increase Q3-2020 vs.
Slide 28: Details by Mine and Project
03 SECTION 3 DETAILS BY MINE AND PROJECT
Slide 29: Production Bridge
DETAILS BY MINE & PROJECT PRODUCTION BRIDGE Increase due to the start-up of the flagship Ity CIL mine and SEMAFO integration Production Bridge Pro Forma YTD-2019 to YTD-2020 INSIGHTS Change in AISC › Production increased compared to 722koz YTD-2019, mainly due: 91koz ‒ The start-up of the flagship I
Slide 30: Houndé Mine, Burkina Faso
DETAILS BY MINE & PROJECT HOUNDÉ MINE, BURKINA FASO Accessing higher grade material Q3-2020 vs Q2-2020 INSIGHTS Production and AISC › Production increased due to higher Production, koz AISC, US$/oz processed grades which more than offset the slightly lower throughput, while the 62koz recovery rate r
Slide 31: Enhanced Production Outlook
DETAILS BY MINE & PROJECT ENHANCED PRODUCTION OUTLOOK Strong improvements due to exploration success and mill outperformance Houndé production plan +211Koz Incremental production added 2016 Optimization Study 300Koz Target production of 250koz over +10 years expected to be achieved based on explorat
Slide 32: Houndé Mine Plan Overview
DETAILS BY MINE & PROJECT HOUNDÉ MINE PLAN OVERVIEW Solid next 5 years locked-in with potential to maintain same level afterwards Houndé Summary 250Koz/yr FIRST 5 YEARS NEXT 5 YEARS LIFE OF MINE Unit (2021-2025) (2026-2030) (2021-2033) PRODUCTION DATA Strip ratio W:O 8.66 5.28 7.51 Average annual pr
Slide 33: Mining Permit Received for New Discoveries
DETAILS BY MINE & PROJECT MINING PERMIT RECEIVED FOR NEW DISCOVERIES Kari Area permitted as extension of Houndé on expedited timeline INSIGHTS Map of Houndé Mining Permits › Permit extension granted covering the full Kari area EXTENDED PERMIT AREA › Permit includes the Kari Pump, Kari West and Kari
Slide 34: Mine Plan Sequencing
DETAILS BY MINE & PROJECT MINE PLAN SEQUENCING Blending of Kari area ore with Vindaloo Houndé mining schedule by deposit INSIGHTS › Kari Pump mining began in Q3-2020 and will achieve full ramp up in Q4-2020 › Processing of Kari area deposits to be blended with Vindaloo deposit to enable a smooth pro
Slide 35: Exploration at the Houndé Mine, Burkina Faso
DETAILS BY MINE & PROJECT EXPLORATION AT THE HOUNDÉ MINE, BURKINA FASO Strong near-mine exploration upside INSIGHTS Houndé Site Map › YTD 2020, $17m was spent, comprised of nearly 74,000m drilled, with up to 11 rigs active › Over 44,000m were drilled for geotechnical and metallurgical purposes at Ka
Slide 36: Ity Mine, Côte d'Ivoire
DETAILS BY MINE & PROJECT ITY MINE, CÔTE D’IVOIRE Mining in Q3-2020 prioritized pit cut-backs Q3-2020 vs Q2-2020 INSIGHTS Production and AISC › Production decreased slightly as higher throughput Production, koz AISC, US$/oz and gold recoveries largely offset the lower processed grades 64koz 60koz 61
Slide 37: Enhanced Production Outlook
DETAILS BY MINE & PROJECT ENHANCED PRODUCTION OUTLOOK Strong improvements due to exploration success and increased mill size Ity production plan +213Koz Incremental production added 2017 Optimization Study 300koz Target production of 250koz over +10 years expected to be achieved based on exploration
Slide 38: Ity Mine Plan Overview
DETAILS BY MINE & PROJECT ITY MINE PLAN OVERVIEW Solid next 5 years locked-in with potential to maintain same level afterwards Ity Summary 248Koz/yr FIRST 5 YEARS NEXT 5 YEARS LIFE OF MINE Unit (2021-2025) (2026-2030) (2021-2031) PRODUCTION DATA Strip ratio W:O 3.88 2.89 3.24 Average annual producti
Slide 39: Mining Permit Received
DETAILS BY MINE & PROJECT MINING PERMIT RECEIVED Le Plaque mining permit recently granted, on a 90% ownership basis INSIGHTS Map of Ity Mining Permits › The Government of Côte d'Ivoire recently granted the Floleu mining permit which covers the entire Le Plaque area › The Ity mine is now comprised of
Slide 40: Mine Plan Sequencing
DETAILS BY MINE & PROJECT MINE PLAN SEQUENCING Staged access to high grade feed ensures sustainable production rate Ity mining schedule by deposit Pits 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Mont Ity/Flat/Walter 68,722 112,404 186,000 28,276 0 0 0 0 0 0 0 ZiaNE 0 0 0 0 0 0 199 65,335
Slide 41: Exploration at the Ity Mine, Côte d'Ivoire
DETAILS BY MINE & PROJECT EXPLORATION AT THE ITY MINE, CÔTE D’IVOIRE Significant upside in the Le Plaque area Simplified Ity Site Map and Exploration Targets INSIGHTS › Over 2.3Moz of indicated resources have been discovered since late 2016 › YTD-2020, $13m was spent, comprised of over 85,000m drill
Slide 42: Agbaou Mine, Côte d'Ivoire
DETAILS BY MINE & PROJECT AGBAOU MINE, CÔTE D’IVOIRE Production remained flat despite more fresh ore Q3-2020 vs Q2-2020 INSIGHTS Production and AISC › Production remained flat as an increased Production, koz AISC, US$/oz proportion of the mill feed was comprised of higher grade fresh ore, which comp
Slide 43: Karma Mine, Burkina Faso
DETAILS BY MINE & PROJECT KARMA MINE, BURKINA FASO Production increased due to the recovery of gold locked up in the heap Q3-2020 vs Q2-2020 INSIGHTS Production and AISC › Production increased due to the recovery of Production, koz AISC, US$/oz some of the gold locked up in the heap during the previ
Slide 44: Mana, Burkina Faso
DETAILS BY MINE & PROJECT MANA, BURKINA FASO Production significantly increased due to higher processed grades Q3-2020 vs Q2-2020 INSIGHTS Production and AISC › Production increased significantly due to higher Production, koz AISC, US$/oz processed grades (following stronger underground production a
Slide 45: Boungou, Burkina Faso
DETAILS BY MINE & PROJECT BOUNGOU, BURKINA FASO Mining activities re-started in early Q4-2020 Q2-2020 vs Q1-2020 INSIGHTS Production and AISC › Production remained flat as increased plant Production, koz AISC, US$/oz throughput offset the lower-grade mill feed, as higher-grade ore stockpiles were 56
Slide 46: Conclusion
SECTION 4 CONCLUSION ® ENDEAVOUR MINING
Slide 47: Ity and Houndé Represent Half of Group Production
CONCLUSION ITY AND HOUNDE REPRESENT HALF OF GROUP PRODUCTION Provides long-term cashProvides flow visibility long-term ahead cash flow visibility ahead ofof implementing implementing a dividend policy a dividend policy INVESTMENT DEBT REDUCTION DIVIDEND PHASE PHASE PHASE +1Moz 995- 1,095koz IN PRODU
Slide 48: Key Priorities and Upcoming Catalysts
CONCLUSION KEY PRIORITIES AND UPCOMING CATALYSTS Strong focus on shareholder returns TIMING CATALYST KEY PRIORITIES Q4-2020 Houndé Higher production due to the ramp-up of high grade Kari Pump deposit Q4-2020 Boungou Higher production due to restart of mining which provides higher-grade mill feed Q1-
Slide 49: Appendix - Financials
05 SECTION 5 APPENDIX 1 - FINANCIALS
Slide 50: Production and Cost Details by Mine (Quarterly)
APPENDIX PRODUCTION AND COST DETAILS BY MINE On a quarterly basis AGBAOU ITY CIL KARMA HOUNDÉ MANA BOUNGOU (on a 100% basis) Q3-20 Q2-20 Q3-19 Q3-20 Q2-20 Q3-19 Q3-20 Q2-20 Q3-19 Q3-20 Q2-20 Q3-19 Q3-20 Q2-20 Q3-20 Q2-20 Physicals Total tonnes mined – OP1 000t 6,095 5,248 6,236 6,323 5,374 3,222 4,3
Slide 51: Production and Cost Details by Mine (Year to Date)
APPENDIX PRODUCTION AND COST DETAILS BY MINE On a year to date basis AGBAOU ITY CIL KARMA HOUNDÉ MANA BOUNGOU (on a 100% basis) YTD-20 YTD-19 YTD-20 YTD-19 YTD-20 YTD-19 YTD-20 YTD-19 YTD-20 YTD-20 Physicals Total tonnes mined – OP1 000t 17,777 19,009 16,923 10,447 14,146 14,787 32,754 28,896 15,275
Slide 52: Working Capital Movements
APPENDIX WORKING CAPITAL MOVEMENTS Working Capital Movement ─ Q3-2020 THREE MONTHS ENDED September 30, June 30, 2020 Q2-2020 Comments 2020 Trade and other receivables (13) (11) Mainly due to an increase in gold sales receivable at Ity. Trade and other payables (1) (10) Settlement of accounts payable
Slide 53: Tax Payments and Capex Spend by Mine
APPENDIX TAX PAYMENTS AND CAPEX SPEND BY MINE Sustaining Capital Non-Sustaining Capital NINE MONTHS THREE MONTHS ENDED NINE MONTHS THREE MONTHS ENDED ENDED ENDED September June 30, September September September September June 30, September September September (All amounts in US$m) 30, 2020 2020 30,
Slide 54: Appendix – Life of Mines
05 SECTION 5 APPENDIX 2 – LIFE OF MINES
Slide 55: Unlocking Value Across Our Strategic Pillars
APPENDIX UNLOCKING VALUE ACROSS OUR STRATEGIC PILLARS Extending mine lives after successfully building and operating our flagships Houndé & Ity mines were built on time, on budget, and safely with no lost time injuries PROJECT DEVELOPMENT Ity plant throughput increased from 4Mtpa to 5Mtpa comple
Slide 56: Attractive AISC Positioning
APPENDIX ATTRACTIVE AISC POSITIONING Houndé and Ity are well position on the global AISC cost curve Cumulative Industry AISC Cost Curve ($/oz) LOW Industry curve based on 2021E(1) $/oz $2,000 $1,800 $1,600 COST $1,400 Gold producer $1,200 Houndé Bottom $1,000 Ity $800 $600 $400 half $200 Industry AI
Slide 57: Low Greenhouse Gas Emissions
APPENDIX LOW GREENHOUSE GAS EMISSIONS Houndé and Ity both benefit from being connected to grid power GHG Emissions Intensity Gold Sector Scope 1+2 CO2-e / Gold Production (t/oz) Average: 0.6t CO2e/oz Hounde: 0.54t CO2e/oz Ity: 0.33t CO2e/oz Source: Global Mining Research, report dated June 2020 57
Slide 58: Key Drivers for Mine Plan Updates
APPENDIX KEY DRIVERS FOR MINE PLAN UPDATES New mine plans reflect exploration success and mill out-performance EXPLORATION SUCCESS MILL OUT-PERFORMANCE KARI CENTRE, Mill throughput KARI PUMP KARI WEST GAP, SOUTH, & 4.2Mtpa PUMP NE 4.1Mtpa 3.9Mtpa +40% DISCOVERY +38% COST FOR M&I $9/oz $15/oz $15/oz
Slide 59: Reserve Replacement
APPENDIX RESERVE REPLACEMENT Current reserves are greater than when mining began Reserves and depletion Reserves at period-end Cumulative depletion 3.4Moz reserve 3.4Moz endowment Reserves endowment 2.8Moz 2.1Moz 2.2Moz 2.0Moz 1.7Moz +64% 0.1Moz 0.4Moz Reserve endowment 0.6Moz 0.6Moz compared to ini
Slide 60: Kari Area Exploration
APPENDIX KARI AREA EXPLORATION Significant potential remains INSIGHTS Kari target map › The Kari Area now accounts for 57% of the Houndé M&I resource, with 2.6Moz of Indicated resources discovered over the past three years › The updated resource increase includes extensions for the Kari West and Kar
Slide 61: Houndé Mine, Burkina Faso: Mine Plan
APPENDIX HOUNDÉ MINE, BURKINA FASO Mine plan Item Unit Total / Average 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Mining Schedule Total Material Moved kt 366,806 55,469 54,552 54,377 56,075 54,322 47,134 29,981 7,987 5,358 1,552 0 Total Waste Moved kt 323,716 49,850 47,681 47,396 52,400
Slide 62: Houndé Mine, Burkina Faso: Reserves and Resources
APPENDIX HOUNDÉ MINE, BURKINA FASO Reserves and resources Mineral Reserve and Resource (current as at December 31, 2019) UPDATED WITH KARI AREA Δ AU AS PUBLISHED IN MARCH 2020 Resources shown inclusive ADDITIONS CONTENT of Reserves on a 100% Tonnage Grade Content Tonnage Grade Content basis (Mt) (Au
Slide 63: Key Drivers for Mine Plan Updates
APPENDIX KEY DRIVERS FOR MINE PLAN UPDATES New mine plan reflect exploration success and increased mill size RECENT EXPLORATION SUCCESS LARGER PLANT SIZE DRIVEN BY EXPANDED RESERVES Mill Size Reserves LE PLAQUE 5.0Mtpa 4.8Moz DISCOVERY $18/oz Reserves COST endowment 4.0Mtpa inclusive of historic hea
Slide 64: Le Plaque Area Exploration
APPENDIX LE PLAQUE AREA EXPLORATION Significant potential remains INSIGHTS Le Plaque targets › Le Plaque has been the primary exploration target in the greater Ity area since March 2018 › Resource estimate is expected to continue to increase as the deposit remains open at depth and in multiple direc
Slide 65: Ity Mine, Côte d'Ivoire: Mine Plan
APPENDIX ITY MINE, CÔTE D’IVOIRE Mine plan Total / Unit Average 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Mining Schedule Total Material Moved kt 239,216 22,170 22,531 22,317 25,849 23,292 29,725 29,104 26,811 22,812 12,690 1,915 Total Waste Moved kt 182,839 16,289 18,287 17,546 21,579
Slide 66: Ity Mine, Côte d'Ivoire: Reserves and Resources
APPENDIX ITY MINE, CÔTE D’IVOIRE Reserves and resources Mineral Reserve and Resource (current as at December 31, 2019) Δ AU AS PUBLISHED IN MARCH 2020 UPDATED TO INCLUDE LE PLAQUE CONTENT Resources shown inclusive of Tonnage Grade Content Tonnage Grade Content reserves on a 100% basis (Mt) (Au g/t)