MANAGEMENT

Teranga, Endeavour join World Gold Council

The World Gold Council has welcomed Teranga and Endeavour Mining to its board of members

Staff reporter
 Endeavour Mining’s Agbaou gold mine

Endeavour Mining’s Agbaou gold mine

PRESS RELEASE: Teranga is a Canadian-based gold company focused on production and development, as well as the exploration of approximately 6,000km2 of land located on prospective gold belts across West Africa.

Since its initial public offering in 2010, Teranga has produced more than 1.6 million ounces of gold at its flagship operation in Senegal. The company is advancing construction of its second producing gold mine, located in Burkina Faso, as well as carrying out exploration programmes in Côte d'Ivoire, Burkina Faso and Senegal.

Endeavour Mining is an intermediate gold producer, with a track record of project development and exploration in the Birimian greenstone belt in West Africa. It operates four mines across Côte d'Ivoire (Agbaou and Ity) and Burkina Faso (Houndé and Karma), which are expected to produce 615-695koz in 2019 at an AISC of US$760-810/oz.

Sébastien De Montessus, CEO and president of Endeavour Mining Corporation, said: "We are very pleased to be joining the World Gold Council. We share the organisation's belief in the importance of setting global standards to reinforce trust and transparency in the sector and across the whole value chain."

Richard Young, president and CEO of Teranga Gold, commented: "Today, at a time of both uncertainty and unprecedented opportunity, the work of organisations such as the World Gold Council is of paramount importance."

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production