Endeavour agrees to Mali's new mining code
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 29 2025
0mins
Source: SeekingAlpha
Mali's New Mining Code: Endeavour Mining and two other gold producers have agreed to Mali's new mining code, which increases taxes and allocates larger stakes in mining assets to the state, as announced by Mali's finance and mining ministers.
Impact on Operations: The construction of a mine by Somika SA, partially owned by Endeavour, is set to begin six months after the agreement, with production expected to start 18 months later; meanwhile, Barrick Mining has suspended operations due to government actions against its exports.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
