Endeavour Mining Announces $500K Mali Humanitarian Donation

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Endeavour Mining Corporation (EDV.TO) announced, in conjunction with other gold mining companies operating in Mali, its local operating subsidiary has contributed US$500,000 to humanitarian initiatives.

The aggregate contribution of the industry group was US$3.15 million and a cheque for that amount was presented to President Dioncounda Traore and the minister of mines at a ceremony in Bamako.

In cooperation with AngloGold Ashanti, Avnel Gold Mining, IAMGOLD, Randgold Resources and Resolute Mining, Endeavour agreed to the terms of a funding structure with the ministry of finance. Under this structure, contributions will be administered by the ministry of finance through a special account for humanitarian initiatives in the areas of healthcare, education and agriculture.

The contributing companies have received assurances that the funding will be dedicated to programs in the specified areas. The ministry of finance has agreed to provide regular reports to the industry group on funds usage and humanitarian progress.

EDV shares were off two cents at $1.27.



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