The World Gold Council, the market development organisation for the gold industry, has welcomed Teranga Gold and Endeavour Mining to its Board of Members.
David Harquail, Chair of the World Gold Council, commented: “I am pleased to welcome Endeavour Mining Corporation and Teranga Gold Corporation to the World Gold Council. Both companies play an important role in the production and exploration of gold across West Africa and bring with them a wealth of experience that will be of significant value.”
Teranga is a Canadian-based gold company focused on production and development as well as the exploration of approximately 6,000 km2 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 Sabodala operation in Senegal. Focused on diversification and growth, the Company is advancing construction of its second producing gold mine (Wahgnion), located in Burkina Faso, as well as carrying out exploration programmes in Côte d’Ivoire, Burkina Faso and Senegal.
Endeavour Mining Corporation is an intermediate gold producer with a track record of operational excellence, project development and exploration in the Birimian greenstone belt in West Africa. Endeavour operates four mines across Côte d’Ivoire (Agbaou and Ity) and Burkina Faso (Houndé, Karma) which are expected to produce 615-695,000 ounces in 2019 at an AISC of $760-810/oz. The company recently announced gold production for 2018 had increased 52% year-on-year to 612,000 ounces.
Sébastien De Montessus, Chief Executive Officer 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. We look forward to working with the Council and its members to improve understanding of the gold industry.”
“For more than 30 years, the World Gold Council has supported greater understanding of gold’s enduring value and global influence,” said Richard Young, President and CEO, Teranga Gold. “Today, at a time of both uncertainty and unprecedented opportunity, the work of organisations such as the World Gold Council is of paramount importance. I am honoured to be named to the council’s Board of Directors and, on behalf of Teranga Gold, I look forward to contributing to the council’s important work.”