Canadian mining company Endeavor is to relocate its headquarters from Paris to London, in a move that is likely to cheer a market concerned that firms would leave the UK after the Brexit vote.

The company is understood to have made the decision because it favours the UK’s tax and business regime over the French system, and will locate its corporate staff in a new office in Kensington, having brokered the deal through agency JLL.

Endeavor closed an office in Vancouver earlier this year, and will also move staff from Monaco, as well as two offices in the French capital.

A London office also has the advantage of being in the same time zone as the company’s west-African base in Abidjan in the Ivory Coast.

Endeavor, which is listed on the Toronto Stock Exchange, currently operates gold mines in the Ivory Coast, Mali, Ghana and Burkina Faso, and is building a sixth mine in Burkina Faso, which is expected to begin production at the end of next year.

There were concerns that following the UK’s vote to leave the European Union some firms may be reluctant to base themselves in London, instead preferring Paris, Frankfurt or Dublin, which will remain in the EU.

In July, France’s prime minister, Manuel Valls, unveiled plans to progressively cut corporation tax to 28pc, and proposed reforms to make the tax regime for employees arriving in France more generous