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Tietto expects to settle on a potential lender this month after securing non-binding debt offers of up to US$180 million.
“Canaccord’s commitment allows us to fast track the demerger in preparation for a fresh start to activity on the ground in 2022."
"The deposit remains open along strike to the northeast and has only been drilled to approximately half the depth of the Côté Gold deposit."
The decision demonstrates commitment to bringing Abujar on a disciplined timetable into production, targeting first gold in Q4 CY2022.
“The DFS metrics are clearly compelling – all PFS measures have materially improved, from production to finance."
The company is ready to immediately commence construction with long lead items procured, and development teams established on the ground.
"Sébastien has invigorated the strategy, acquisitions and operations of Endeavour to be the biggest gold miner in West Africa." - Tom Quinn