Endeavour Mining - EDVMF STOCK NEWS

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a transaction in its own shares as part of its buy-back programme. On August 7, 2024, the company purchased 39,551 ordinary shares at prices ranging from 1,544.74 to 1,578.00 GBp per share. The volume-weighted average price was 1,550.67 GBp. Following the cancellation of these repurchased shares, Endeavour will have 244,718,107 ordinary shares in issue, with no shares held in treasury. This figure represents the total voting rights in the company. The share purchases are part of the company's buy-back programme announced on March 20, 2024.

Endeavour Mining plc (EDVMF) has announced a significant transaction by a Person Discharging Managerial Responsibilities (PDMR). Srinivasan Venkatakrishnan, the Chair of Endeavour Mining, has purchased 5,000 ordinary shares of the company at a price of £15.52598 per share. The transaction took place on August 7, 2024, on the London Stock Exchange. This insider buying activity could be seen as a positive signal, potentially indicating the Chair's confidence in the company's future prospects. The notification was made in compliance with regulatory requirements for director/PDMR shareholding disclosures.

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a transaction in its own shares. On August 6, 2024, the company purchased 44,939 ordinary shares at prices ranging from 1,557.00 to 1,623.00 GBp per share. The volume-weighted average price was 1,587.08 GBp. Following the cancellation of these repurchased shares, Endeavour will have 244,757,658 ordinary shares in issue, with no shares held in treasury. This share buyback is part of the company's program announced on March 20, 2023. The total voting rights in the company will be 244,757,658, which shareholders can use as the denominator for calculations to determine if they need to notify their interest in the company under FCA's Disclosure Guidance and Transparency Rules.

Endeavour Mining announced the first gold pour from its Lafigué mine in Côte d'Ivoire on June 28, 2024. The project was delivered on budget and a quarter ahead of schedule, only 21 months after construction began. Lafigué is expected to produce 90-110koz of gold in FY-2024 at an AISC of $900-975/oz, increasing to approximately 200koz in FY-2025. The mine has a nameplate capacity of 4.0Mtpa and is expected to achieve commercial production in Q3-2024. This marks Endeavour's fifth successful project built in West Africa in the last decade, highlighting their competitive advantage in the region. The company now enters a phase of increased free cash flow generation, de-levering, and enhanced shareholder returns.

Endeavour Mining announced its Q2-2024 results. Highlights include gold production of 251koz at an AISC of $1,287/oz and adjusted EBITDA of $249m, up 17% from Q1-2024. Adjusted net earnings were $3m, while operating cash flow was $258m. The company maintains a stable net debt of $835m.

Shareholder returns include a declared $100m dividend for H1-2024 and $20m in share buybacks. The updated policy promises a minimum $435m in dividends for 2024 and 2025.

Operationally, H1-2024 production amounted to 470koz, with both Sabodala-Massawa BIOX® Expansion and Lafigué expected to ramp up by Q3-2024. Exploration efforts saw $56m spent.

The company is on track to meet its FY-2024 production guidance but expects AISC to be at the top end of the range. Significant improvements in power availability in Q3 will support a stronger H2 performance.

Endeavour Mining plc (EDVMF) received a notification from BlackRock, Inc. regarding its holdings in the company as of July 24, 2024. The notification indicates that BlackRock's total position in Endeavour Mining has increased to 13.39% of voting rights, up from the previous 13.38%. This includes 12.02% of voting rights attached to shares and 1.37% through financial instruments. The total number of voting rights held by BlackRock in Endeavour Mining is now 32,831,312. The change in holdings crossed a reportable threshold on July 24, 2024, and was notified to the issuer on July 25, 2024.

Endeavour Mining has announced a significant change in shareholding. On July 11, 2024, BlackRock, Inc. informed Endeavour that it crossed a major threshold on July 10, 2024. The current holding is 13.41% of voting rights, a slight decrease from the previous 13.65%. This includes 12.03% through direct shares and 1.38% through financial instruments. BlackRock, Inc.'s complex ownership structure is highlighted, involving various subsidiaries globally. The notification provides insight into BlackRock's investment strategy and its impact on Endeavour's ownership landscape.

Endeavour Mining (LSE: EDV, TSX: EDV, OTCQX: EDVMF) is set to release its Q2 and half-year 2024 financial results on July 31, 2024, before the London Stock Exchange opens. Management will host a conference call and webcast on the same day at 8:30 am EST/1:30 pm BST to discuss the financial results. Participants can join the webcast via a provided link and ask questions by registering for the conference call. The event's playback will be available on Endeavour's website. This announcement is important for investors anticipating financial performance insights.

Endeavour Mining announces its total voting rights as of June 28, 2024. The issued ordinary share capital comprises 244,802,597 ordinary shares of US$0.01 each. There are no shares held in treasury pending cancellation, resulting in a total of 244,802,597 voting rights. Shareholders can use this figure for calculations to determine notifications needed under the FCA's Disclosure Guidance and Transparency Rules.