Canada’s Endeavour Mining (TSX:EDV) announced on Tuesday that its chief executive officer, Sébastien de Montessus, was donating 30% of his base salary to efforts helping to fight the coronavirus pandemic.
Other members of the management team have also committed to give a portion of their salaries, for the next three months, the company said.
Initiative brings the company’s total donation to fight the global pandemic to $6 million.
Endeavour will match the funds to result in a total donation
of $1 million, which when added to previous spending on community initiatives,
brings the miner’s total donation to $6 million.
The West Africa-focused miner also said the employees who tested positive for covid-19 in March had fully recovered, adding that its operations in Côte d’Ivoire, Burkina Faso and Mali continue at normal levels, with increased health and safety measures in place.
The company, owned by billionaire Egyptian Naguib Sawiris, bought last month smaller rival Semafo (TSX: SMF) in a C$1 billion ($691 million) deal, which made it the biggest gold producer in Burkina Faso and Ivory Coast with production estimated at over 1 million ounces a year.