La Mancha and its partners have a shared vision of building major regional gold miners with the scale, operating profile, and cash flow generation needed to appeal to global investors. As a long-term strategic partner, La Mancha intends to support its partners in the development and execution of their growth strategy.
Through its investments in Evolution Mining and Endeavour Mining, La Mancha is poised to capture growth opportunities in both Australia and Africa.
31% holding in Evolution Mining
Evolution Mining (ASX: EVN) is a leading, growth-focused, Australian gold mining company. It owns and operates seven gold mines located in Queensland, New South Wales and Western Australia. Production FY2016 is expected to rise to 730-810koz.
La Mancha has two seats on Evolution’s board and has also agreed to a 2-year equity lock-up, testifying to its commitment as a supportive, long-term strategic partner.
For more information, please visit www.evolutionmining.com.au
30% holding in Endeavour Mining
Endeavour Mining (TSX:EDV) is an intermediate West African gold producer focused on delivering growth. Endeavour Mining owns five gold mines located in Mali, Ghana, Burkina Faso, and Côte d’Ivoire. Production FY2015 is expected to rise to 560-590koz. Endeavour Mining’s upcoming Houdé project in Burkina Faso and Ity CIL projects in Côte d’Ivoire are expecting to increase its production to nearly 800kozpa.
La Mancha has two seats on Endeavour’s board and has also agreed to a 2-year equity lock-up, testifying to its commitment as a supportive, long-term strategic partner.
For more information, please visit www.endeavourmining.com