Fitch Ratings confirmed the long-term issuer default rating (IDR) of Endeavour Mining plc at “BB” last Friday, September 22, with a stable outlook.

La note de défaut de l' émetteur (IDR) Endeavour Mining reflects the group's focus on West African countries with diversification in Senegal, the Burkina Faso and Côte d'Ivoire. Endeavor's commercial and financial profiles compare favourably with those of its higher-rated peers, given a significant production scale of 1.1 million ounces expected in 2023, a favourable position in the second quarterle of the global cost curve, and a reserve lifespan of more than 12 years. In addition, Endeavour earlier this year, finalized the sale of its more expensive Boungou and Wahgnion mines, which were exposed to security risks in Burkina Faso.

Fitch s'attend à ce qu'Endeavour moves to a net debt position of approximately $200 million by the end of 2023, in a context of higher investments ($800 million) as growth projects progress and increased returns for shareholders ($225 million in dividends) and $100 million in buyouts)