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ComMODITY: Endeavour Mining taxes down 13% year on year in 2024

07/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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When publishing its annual results on Thursday, March 6, Endeavour Mining announced that it had made tax payments totalling $296 million in 2024 in favor of the States of Côte d'Ivoire, Senegal and Burkina Faso. This represents a decrease of 13% year-on-year.

Endeavour Mining est le first West African producer . It operates five gold mines in three countries in West Africa. These mines delivered 1.1 million ounces in 2024, confirming the company as the largest gold producer in the sub-region. The Ity gold mine in Côte d'Ivoire is the group's largest fiscal contributor, with $78 million paid last year, compared to $62 million in 2023. It is followed by the Sabodala-Massawa gold mine in Senegal, whose fiscal contribution fell by 34% year-on-year to reach $76

million.

Selon la compagnie, cette significant reduction through “a decrease in taxable profits” in Senegal, as well as at the Mana gold mine in Burkina Faso.

She did not specify whether tax payments made in these three countries in 2024 include royalties on gold production, as well as dividends from government participation in gold mines.
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