Endeavour Mining plc

Notable vs. Peers

• Jurisdiction risk score of 5/10 is meaningfully riskier than the peer average of 7.8/10.

Lifecycle Milestones

1. Permit granted

   Reached — date not disclosed · Multi-mine, multi-country producer with mines permitted independently over years/decades; no single company-wide permit date exists. Row presence documents that current producing mines are, by definition, permitted. · Source
2. Construction decision (FID)

   Reached — date not disclosed · Same multi-mine caveat as PERMIT_GRANTED -- no single company-wide construction-decision date represents a multi-asset portfolio built up over years. · Source
3. Construction start

   Jan 2023 · Approximate -- anchored to Lafigué's (Côte d'Ivoire) construction ahead of its 2025 commercial production, the most recent major build in the current portfolio. · Source
4. First pour / production

   Jan 2025 · Lafigué and Sabodala-Massawa's underground expansion both reached commercial production in 2025, per company reporting -- confirms current production status. Houndé/Mana/Ity have each produced for years longer. · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists across a multi-mine West African portfolio (Sabodala-Massawa in Senegal, Ity, Houndé, Mana and Lafigue in Cote d'Ivoire) assembled via years of acquisitions (including the 2021 Teranga Gold merger). H1-2026 results (released 2026-07-30) reported strong performance with $761M free cash flow; Q2 production was 283,000 oz with all five mines actively producing (Ity and Houndé up, Mana/Lafigue/Sabodala-Massawa down on scheduled maintenance/lower grades but all still operating). This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.