Deal #5698

Burkina Faso
Created at
2017-10-09
Last update
2021-11-24
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

Intention of investment
  • [2014, current] Mining (3900.0 ha)

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
  • [2014] Concluded (Contract signed)
  • [2016] Concluded (Change of ownership)
  • [2014, current] Concluded (Contract signed)
Comment on negotiation status
Mining license originally granted to True Gold in 2014. Acquired by Endeavour in 2016

Implementation status

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).

Contract farming

Contract farming
No