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Endeavour Mining

Gold

Current investment

Endeavour Mining is one of the world’s leading gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso. It has a strong pipeline of development and exploration opportunities across the highly prospective Birimian greenstone belt. In application of our investment thesis that high-quality individual gold mining assets in West Africa could be transformed into a consolidated multi-asset producer, La Mancha identified Endeavour as a promising platform and became a strategic shareholder in 2015.

La Mancha’s impact

Through its investment and long-term partnership, La Mancha has supported Endeavour’s positioning to deliver sector-leading returns and sustained growth. This includes:

✓Maintaining a significant shareholding for over a decade, aligning with Endeavour through multiple commodity cycles as a supportive long-term investor

✓Providing active stewardship and Board representation, supporting market-leading standards of strategy, capital allocation and governance

✓Supporting exploration-led growth in line with Endeavour’s target to discover 12–15Moz of mineral resources over 2026–2030, which, in turn, reinforces and exemplifies La Mancha’s long-life, reinvestment-led model

As a cornerstone investor, La Mancha continues to support Endeavour as the business executes its growth strategy and seeks to create further long-term value for all its stakeholders.