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Deal #5698 Version #73333

Burkina Faso

Created at

2017-10-09

Last update

2021-06-14

Last full update

2021-05-25

Land area

Size under contract (leased or purchased area)

[2014, current] 3900.0 ha

Size in operation (production)

[2018, current] 1643.0 ha

Comment on land area

The company also has exploration permits (Goulagou, Rambo, Kao, Rounga, Youba, and Tougou) totaling more than 856 square kilometers. The concession initially covered 39km² as per the technical document. In 2018, the mine might have extended its operations.

Intention of investment

[current] Mining

Nature of the deal

Exploitation permit / license / concession (for mineral resources)

Comment on nature of the deal

Mining license originally granted to True Gold in 2014.

Negotiation status

[2014, current] Concluded (Contract signed)

Comment on negotiation status

acquired by Endeavour in 2016

Implementation status

[2016] Startup phase (no production)
[2016, current] In operation (production)

Comment on implementation status

First gold production in April 2016. Commercial production was declared on October 1, 2016

Leasing fees

Annual leasing fee

15 300

for specified area

Annual leasing fee area

100 ha

Comment on leasing fee

An annual fee is payable of CFA 7,500,000 (approximately US$15,300) per square km within the permit boundary (as per 2014).