As part of the 8th edition of the International Mining Exhibition (SIM Senegal), Endeavour Mining organized a media roundtable on the theme: “Shared Prosperity: Endeavour Mining’s Impact on the Senegalese Economy.” This important meeting, held on Wednesday afternoon, November 5, 2025, at the Abdou Diouf International Conference Center (CICAD) in Diamniadio, provided an opportunity for company officials to speak directly with the national press about Endeavour Mining’s contributions to the Senegalese economy, as well as the mining sector’s prospects in terms of sustainable development, local content, and taxation. The roundtable was moderated by Mr. Abdoul Aziz Sy, Vice President of Public Affairs for Endeavour Mining in Senegal, Guinea, and Mali, who is also Managing Director of Sabodala Gold Operations; and Mr. Mathieu Calame, Group Tax Director of Endeavour Mining. The senior category manager of Endeavour Mining, Mr. Balla Niambélé; among others.

Nearly 120 tonnes of gold were produced in the region

The Endeavour Mining Group is one of the leading sponsors of the 2025 edition of the Senegal International Mining Exhibition, which takes place from November 4 to 6 in Diamniadio, Dakar. During this meeting with journalists, the Managing Director of Sabodala Gold Operations reviewed the group's key performance and achievements during 2024 and 2025.

Regarding gold mining, Mr. Abdoul Aziz Sy revealed that Endeavour Mining's portfolio in the Kédougou region covers an area of 611 km², comprising several diverse deposits. He added that the group also holds a portfolio of exploration permits covering approximately 540 km².

It reports that, since 2009 when it began gold production in the region, Sabodala Gold has produced nearly 4 million ounces (approximately 120 tonnes of gold). And of the 10 tonnes produced in Senegal in 2024, Sabodala produced 6.5 tonnes, representing nearly 64% of Senegal's production.

The Managing Director of Sabodala Gold Operations adds that the Endeavour Mining subsidiary also possesses reserves estimated at 3.5 million ounces, or approximately 110 tonnes of gold. According to him, these reserves allow the group to remain in Senegal and continue production until 2035.

Mr. Abdoul Aziz Sy also reported that in 2024, Sabodala Gold commissioned a new bio-oxidation processing unit. He stated that the cost of this investment is estimated at 210 billion CFA francs. The subsidiary also recently inaugurated a plastic waste processing unit in Kédougou. This plant, estimated to cost 20 million CFA francs, was built in partnership with a local contractor.

Endeavour Mining: a major economic footprint serving Senegal

The Vice President of Public Affairs for Senegal, Guinea, and Mali at Endeavour Mining also took the opportunity to reiterate his group's ambition, which is to "make the Sabodala-Massawa complex an engine of shared prosperity, creating tangible benefits for the Senegalese people." According to Mr. Abdoul Aziz Sy, Endeavour Mining's presence in Senegal is part of a strategy to create tangible value.

In this regard, he reported that the mining complex has created more than 2,700 direct and indirect jobs, 95% of which are filled by Senegalese employees, and paid out nearly 45 billion FCFA in salaries and related payments in 2024. The group also spent more than 159 billion FCFA with national suppliers, with 81% of purchases made locally.

More than 330 billion FCFA in economic contribution, of which 128 billion was paid directly to the State

The tax director of the Endeavour Mining group, Mr. Mathieu Calame, for his part, focused on the taxes, duties, royalties and dividends paid to the State of Senegal in 2024. He maintains that, each year, the group contributes significantly to public revenue through the payment of taxes, royalties and dividends, but also through the creation of local jobs and support for national and local supply chains.

According to him, the group's total economic contribution to Senegal amounted to 331 billion FCFA in 2024, of which 128 billion was paid directly to the Senegalese state in the form of taxes, duties, royalties and dividends.

Mr. Calame explained that the group's tax strategy is based on three principles: transparency, compliance, and dialogue. It adheres to international standards, including GRI Standard 207 on tax reporting and the World Gold Council's principles for responsible gold mining.

Local content: a lever for sovereignty and inclusion

Local content is at the heart of Endeavour Mining's strategy. In this regard, Endeavour Mining's Senior Category Manager, Mr. Balla Niambélé, in his presentation of the "Local Content Accelerator" initiative, explained that beyond regulatory requirements, the group has developed a proactive approach to strengthen the participation of talented Senegalese companies and institutions in the mining value chain. This initiative, he stated, spans three countries: Senegal, Côte d'Ivoire, and Burkina Faso.

The focus here is on three essential pillars, namely: the development and inclusion of suppliers in the group's value chain, risk management in the sector through access to financing, and group advocacy to see how to improve the situation in the sector in general.