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GMJ: As well as the obvious goals (increased GMJ: How have the Teranga and SEMAFO
value, etc.) what other opportunities will the assets been bedded down? Do they have the
London listing present? look of Endeavour operations now?

SdM: The FTSE indexation was always one of the main SdM: We have successfully completed the acquisitions
reasons behind the premium listing on the LSE and we of Teranga and SEMAFO and integrated our new assets
were therefore pleased with the FTSE announcement in into our well-established West African operating platform
August stating that we will be included into the FTSE 250. and we are on track to realise $US100 million of recurring
It’s a big catalyst, as, from the notes we have seen by the annual synergies from both transactions by year-end.
index analysts, this is expected to create an incremental For Teranga, we were able to leverage the learnings from
demand of circa 10% of our shares outstanding. the recent SEMAFO integration and the team has been
When we set out five years ago, our first priority was to rapidly overlaying Endeavour management model.
appeal to precious metal funds. Given the significant On mine site, we can benefit from being the largest gold
change in our top 20 register, which is now comprised producer in Senegal, Burkina Faso and Côte d’Ivoire and
mainly of blue-chip investors, we have achieved that goal. leverage our existing Burkina Faso platform to support
With the improvement in our portfolio and our larger Wahgnion and Golden Hill.
market cap following the recent acquisitions, we now
have an attractive business and enhanced capital GMJ: You have managed to stay on guidance
despite the challenges of COVID. How was
markets profile required to attract large generalist funds.
We are now able to appeal to those with a wide array of that achieved and how much interaction and
knowledge-sharing has there been with peers
investment strategies and a listing in London allows us to
reach those investors. in the region?
We are excited about all that lies ahead and what we can SdM: As you might expect we have been closely
offer existing and prospective investors as a constituent of collaborating with local governments and communities
the LSE. With its commitment to gold standard corporate as well as peers as we were all facing the health crisis
governance framework, the Premium segment of the LSE to ensure we can implement best practice and support
provides a natural venue for Endeavour at this juncture in teams and communities as best as possible.
its continuing evolution.

The Hounde mine, Burkina Faso

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