• Sawiris family trims Endeavour stake to 14.86% after selling 367,534 shares worth CAD 22.2 million, per Oct 9 2025 filing.

• La Mancha, Sawiris’ investment arm, remains a key shareholder in Endeavour Mining despite gradual portfolio adjustments.

• The share sale coincides with gold prices surpassing US $4,000 per ounce, marking record highs in global precious-metal markets.

The Sawiris family of Egypt has reduced its shareholding in Endeavour Mining plc, one of Africa’s largest gold producers. The transaction was disclosed in an Early Warning Report filed on October 9, 2025, by La Mancha Investments S.à r.l., the family’s investment vehicle. According to the filing, La Mancha sold 367,534 ordinary shares of Endeavour Mining through on-market trades.

The total consideration amounted to approximately CAD 22.2 million, representing a volume-weighted average price of around CAD 60.45 per share. Following the sale, La Mancha’s ownership decreased from about 15.02% of Endeavour’s issued share capital to 14.86%. The disposal was carried out for investment management purposes and reported in compliance with Canadian securities regulations. La Mancha stated that further information was made available through SEDAR+ in accordance with disclosure requirements.

The share sale occurred at a time when gold prices exceeded US $4,000 per ounce for the first time, reflecting significant strength in global precious-metal markets. The Sawiris family, led by Naguib Sawiris, has been a major investor in Endeavour Mining since 2015, when La Mancha contributed its 55% interest in the Ity mine in Côte d’Ivoire and cash in exchange for a substantial equity stake.

The family first entered the gold sector in 2012 through the US $492 million acquisition of La Mancha Resources Inc., which later became the group’s mining investment platform. Over the years, La Mancha has progressively reduced its ownership in Endeavour Mining from an initial level of about 30% to the current 14.86%, while remaining one of the company’s principal shareholders.

Endeavour Mining operates gold mines in Côte d’Ivoire, Burkina Faso, Senegal, and Mali and maintains annual production exceeding one million ounces. The company has reaffirmed its 2025 production guidance of 1.11 to 1.26 million ounces. The Sawiris family, through La Mancha, continues to hold a significant interest in Endeavour Mining while managing its broader resource investment portfolio.

Idriss Linge