ENDEAVOUR MNG PLC - EDVMF STOCK NEWS

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced that Cathia Lawson-Hall, a Non-Executive Director of the Company, has joined the board of Havas NV as a non-executive director. Havas NV listed on the Euronext Amsterdam on December 16, 2024.

Endeavour Mining has received a notification from BlackRock, Inc. regarding changes in its holdings as of December 10, 2024. BlackRock's total position in Endeavour Mining now stands at 12.96%, consisting of:

- 11.89% voting rights attached to shares (29,039,637 shares)
- 1.03% through securities lending (2,534,319 voting rights)
- 0.04% through CFDs (102,029 voting rights)

This represents a slight decrease from the previous position of 13.06%. The notification was received on December 11, 2024, with BlackRock Investment Management (UK) holding the largest controlled stake at 8.13%.

Endeavour Mining has received a notification from BlackRock, Inc. regarding changes in its holdings as of December 9, 2024. BlackRock's total position in Endeavour Mining now stands at 13.06%, consisting of:

- 11.99% voting rights attached to shares (29,273,302 shares)
- 1.04% through securities lending (2,552,305 voting rights)
- 0.03% through CFDs (92,443 voting rights)

This represents a slight decrease from their previous position of 13.31%. BlackRock Investment Management (UK) holds the largest controlled stake at 8.23% of total voting rights.

Endeavour Mining has completed a positive Pre-Feasibility Study (PFS) for its Assafou project in Côte d'Ivoire, demonstrating strong potential as a tier 1 asset. Key highlights include:

- Production of 329,000 ounces per year at All-In Sustaining Costs (AISC) of $892/oz over first 10 years
- 15-year mine life based on 4.1Moz maiden reserve
- After-tax NPV of $1,526m and IRR of 28% at $2,000/oz gold price
- Initial capital requirement of $734m for 5Mtpa processing plant
- 90% resource to reserve conversion with 72.8Mt at 1.76g/t for 4.1Moz reserves

The company plans to advance to Definitive Feasibility Study stage with completion expected between late 2025 and early 2026.

Endeavour Mining has announced its total voting rights as of November 30, 2024. The company's issued ordinary share capital consists of 244,114,337 ordinary shares of US$0.01 each. With no ordinary shares held in treasury pending cancellation, the total number of voting rights in the company is also 244,114,337.

This figure can be used by shareholders as the denominator for calculating whether they need to notify their interest or changes in interest under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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.