The reported requisition of gold at the Mana mine, owned by the Endeavor mining group, continues to cause much ink to flow. On February 17, 2023, it was the National Bank of Canada’s turn to speak on the subject. The institution remains neutral on the situation. According to the bank, “Endeavor has confirmed that the headline (media report: editor’s note) was misleading. The company said the government of Burkina Faso has requested to purchase 7,000 ounces of gold (198.45kg) at the current market price due to delays in local currency conversion.
Additionally, the bank claimed that Endeavor was a “top pick.” The group’s outperformance rating was thus maintained.
Endeavour: National Bank of Canada maintains confidence
