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Endeavour Mining Corporation (EDVMF) is a leading intermediate gold producer operating four mines in West Africa. With a strong track record of production, the company focuses on sustainable growth, operational excellence, and responsible mining practices. Endeavour's recent achievement includes the successful delivery of its first gold in just two years, on budget and on schedule. The company's commitment to safety is evident through zero Lost Time Incidents (LTIs) with over 3.5 million man-hours worked. Endeavour Mining is dedicated to delivering shareholder value, as seen in its Shareholder Returns Programme and non-core asset divestment strategy.
BlackRock Inc. has reported changes in its holdings of Endeavour Mining plc as of November 19, 2024. The investment firm now holds 13.31% of total voting rights, comprising 12.11% through direct shares (29,574,186 voting rights) and 1.20% through financial instruments (2,935,867 voting rights). This represents an increase from their previous position of 13.03%. The notification was received by Endeavour Mining on November 20, 2024.
Endeavour Mining (LSE:EDV, TSX:EDV) has purchased 87,884 of its ordinary shares through Stifel Nicolaus Europe The shares were bought at prices ranging from 1,540.00 GBp to 1,644.28 GBp, with a volume-weighted average price of 1,611.78 GBp. Following the cancellation of repurchased shares, the company will have 244,150,437 ordinary shares in issue, representing the total voting rights. This share purchase is part of the company's buy-back programme announced on March 20, 2024.
Endeavour Mining reported Q3-2024 results with production of 270koz at AISC of $1,287/oz, marking their strongest quarterly production this year. The company achieved $317m Adjusted EBITDA, up 27% over Q2-2024, and $97m Free Cash Flow. Key operational highlights include commercial production achieved at both Sabodala-Massawa BIOX® Expansion and Lafigué projects on August 1, 2024. FY-2024 production is expected at or around the low end of guidance with AISC above the top end. The company maintained shareholder returns, paying $229m through H1-2024 dividend ($100m) and share buybacks ($29m). Net debt improved to $834m with leverage of 0.77x.
Endeavour Mining plc announced the purchase of 19,000 ordinary shares through Stifel Nicolaus Europe on November 6, 2024. The shares were bought at prices ranging from 1,626.00 GBp to 1,642.00 GBp, with a volume-weighted average price of 1,634.29 GBp. Following the cancellation of repurchased shares, the company will have 244,238,321 ordinary shares in issue, representing the total voting rights. This share buyback is part of the company's program announced on March 20, 2024.
Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced its total voting rights as of October 31, 2024. The company's issued ordinary share capital consists of 244,301,221 ordinary shares of US$0.01 each. With 80,000 ordinary shares held in treasury pending cancellation, the total number of voting rights stands at 244,221,221. This figure serves as the denominator for shareholders' calculations regarding interest notifications under the FCA's Disclosure Guidance and Transparency Rules.
Endeavour Mining announces the purchase of 13,900 ordinary shares from Stifel Nicolaus Europe on October 31, 2024. The shares were acquired at prices ranging from 1,709.00 to 1,735.00 GBp, with a volume-weighted average price of 1,712.87 GBp. Following the cancellation of repurchased shares, the company will have 244,257,321 ordinary shares in issue, representing the total voting rights. This purchase is part of the company's buy-back programme announced on March 20, 2024.
Endeavour Mining has announced a share buyback transaction, purchasing 30,000 ordinary shares at a volume weighted average price of 1,847.68 GBp per share on October 24, 2024. Following the cancellation of repurchased shares, the company will have 244,271,221 ordinary shares in issue, with no shares held in treasury. This transaction is part of the company's buyback programme announced on March 20, 2024. The total voting rights in the company will be 244,271,221, which shareholders can use as the denominator for calculating their interest notifications under FCA's Disclosure Guidance.
On 17 October 2024, Endeavour Mining announced a notification from BlackRock, Inc. regarding its holdings in the company as of 16 October 2024. The notification detailed that BlackRock's voting rights in Endeavour Mining had increased to a total of 13.03%, up from a previous 12.79%. This includes 11.54% from direct voting rights and 1.49% from financial instruments. The increase in voting rights was a result of an acquisition or disposal of voting rights.
The notification also detailed the full chain of controlled undertakings through which BlackRock's voting rights and financial instruments are held. The notification was completed on 17 October 2024 at 12 Throgmorton Avenue, London.
Endeavour Mining plc has announced transactions by Persons Discharging Managerial Responsibilities (PDMRs). Ian Cockerill, Chief Executive Officer, and Guy Young, Chief Financial Officer, were granted Performance Share Units (PSUs) under the Endeavour Executive Performance Share Unit Plan for Non-UK Participants. These grants were made as dividend equivalents following the payment of the H1 2024 interim dividend on 10 October 2024.
The details of the transactions are as follows:
- Ian Cockerill received 3,373 PSUs at a price of £15.6835 per unit
- Guy Young received 4,598 PSUs at a price of £15.6835 per unit
Both transactions took place outside a trading venue on 10 October 2024. The company's Legal Entity Identifier code is 529900NI5MXQ91GHXR07.
Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has announced that it will release its Q3 2024 financial results on Thursday 7 November 2024, before the LSE market open. The company will host a conference call and webcast on the same day at 8:30 am EST/ 1:30 pm GMT to discuss the results.
The webcast can be accessed through a provided link, and a calendar reminder can be downloaded from the company's website. Analysts and investors can participate in the conference call by registering via another provided link. The conference call and webcast will be available for playback on Endeavour's website.
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