Ian Cockerill
Photo by: Creamer Media
JOHANNESBURG (miningweekly.com) – South African Hall-of-Fame luminary Ian Cockerill has been appointed CEO of West African mining company Endeavour, which owns and operates gold mines in Côte d'Ivoire, Burkina Faso and Senegal.
Cockerill, who was Endeavour’s former deputy chairperson, gleaned most of his four decades of experience in the global natural resources industry in South Africa.
In light of his appointment as CEO and executive director of the London- and Toronto-listed Endeavour, he will reportedly be reviewing his other current directorships.
As was reported in November, Endeavour’s mines in Burkina Faso and Côte d’Ivoire delivered a combined 792 000 oz of gold for the nine months to September 30. Full-year guidance is between 1.06-million and 1.14-million ounces of gold at an all-in sustaining cost (AISC) of between $895/oz and $950/oz. In the third-quarter of last year, Endeavour produced 281 000 oz at an AISC of $967/oz.
Third-quarter revenue was $530-million and planned full-year capital expenditure is $400-million.
“Looking ahead, we expect 2024 to be a strong year for Endeavour, as the brownfield expansion of Sabodala-Massawa and the Lafigué development project both remain on budget and on track to be commissioned next year,” former CEO Sebastien de Montessus stated in a release to Mining Weekly in November.
This year, the Sabodala-Massawa expansion is scheduled to commence in the second quarter and the Lafigué project in the third quarter.
Cockerill was inducted into the South African Mining Hall of Fame of the Joburg Indaba in 2017.