Endeavour Mining - EDVMF STOCK NEWS

Endeavour Mining has announced that wet commissioning at the Lafigué project in Côte d’Ivoire is now underway, with construction at 94% completion.

The project is on budget and a quarter ahead of schedule, with the first gold pour expected in late June.

Ore stockpiles currently stand at 1.6 million tonnes at 1.30 g/t gold, totaling 65,000 ounces. The Lafigué mine is projected to produce 90,000-110,000 ounces of gold in FY-2024 at an AISC of $900-975 per ounce.

The project has incurred $369.9 million of its $448 million initial capital expenditure, with 97% of the budget already committed.

Endeavour has focused on local employment, with 92% of the workforce being Ivorian nationals, and has partnered with the Ivorian government to provide technical skills training to local youth.

On June 25, 2024, Endeavour Mining announced that BlackRock, Inc. notified it of a change in its voting rights. As of June 24, 2024, BlackRock holds 11.92% direct voting rights and 1.73% through financial instruments, totaling 13.65%, a slight decrease from the previous 13.69%. This notification follows an update in BlackRock’s holdings due to acquisitions or disposals of voting rights. The detailed breakdown includes a total of 29,212,117 direct voting rights and 4,130,596 through financial instruments. BlackRock’s holdings are structured through multiple controlled entities, contributing to the cumulative voting rights. The notification was completed on June 25, 2024, and originated from BlackRock’s regulatory reporting team in London.

Endeavour Mining has announced a transaction involving Guy Young, a Person Discharging Managerial Responsibilities (PDMR). On April 1, 2024, Young was granted 50,000 Performance Share Units (PSUs) under the company's Executive Performance Share Unit Plan. These PSUs are subject to performance conditions over a three-year period. The transaction did not occur on a trading venue and carries no immediate monetary value, as the PSUs were granted without a specified transaction price.

Endeavour Mining has announced the transaction details of Performance Share Units (PSUs) granted to its executive directors and Persons Discharging Managerial Responsibilities (PDMRs). On April 11, 2024, Ian Cockerill, an Executive Director, received 171,959 PSUs, Guy Young, a PDMR, received 85,980 PSUs, and Mark Morcombe, another PDMR, also received 85,980 PSUs. These PSUs are part of the Executive Performance Share Unit Plan for non-UK participants and are subject to performance conditions assessed over three years. All transactions were executed outside a trading venue.

On 14 June 2024, Endeavour Mining announced that BlackRock Inc. reported changes in its holdings on 13 June 2024. BlackRock's total voting rights in Endeavour now stand at 13.69%, down slightly from its previous 13.74%.

The breakdown includes 12.01% direct voting rights and 1.68% through financial instruments, mainly securities lending and CFDs. This notification showcases the significant stake BlackRock holds in Endeavour, with implications for both companies' strategic decisions and investor sentiment.

On June 7, 2024, Endeavour Mining announced receiving a notification from BlackRock regarding its holdings in the company as of June 6, 2024.

The disclosure reveals BlackRock’s total voting rights at 13.74%, which includes 11.95% from shares and 1.79% through financial instruments.

This represents a slight increase from the previous total of 13.72%.

BlackRock's involvement reflects confidence in Endeavour Mining's potential, which could influence investor sentiment and stock performance.

Endeavour Mining announced on June 5, 2024, the total voting rights in compliance with UK FCA's Disclosure Guidance and Transparency Rule 5.6. As of May 31, 2024, the company's issued ordinary share capital stood at 244,931,013 shares, with 34,980 held in treasury, yielding 244,896,033 total voting rights. This figure is important for shareholders to determine their required notifications under FCA rules.

Endeavour Mining announced the purchase of 93,436 of its ordinary shares on 4 June 2024 as part of its buy-back program initiated in March 2023. The shares were purchased at prices ranging from 1,660.00 to 1,710.00 GBp, with a volume-weighted average price of 1,675.48 GBp. Post-transaction, the total number of voting rights stands at 244,741,433 shares. This action aligns with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Endeavour Mining announced that all resolutions were passed at its annual general meeting held on May 30, 2024. Key resolutions included re-electing directors Alison Baker, Patrick Bouisset, Ian Cockerill, Livia Mahler, Sakhila Mirza, Naguib Sawiris, and Srinivasan Venkatakrishnan. Additionally, Cathia Lawson-Hall and John Munro were elected as new directors. BDO LLP was reappointed as auditors with authorization for the Audit Committee to fix their remuneration.

The resolutions also approved the Directors' Remuneration Report, performance share units under the Equity Incentive Plans, and granted authority to allot shares. Special resolutions included general and additional authority to disapply pre-emption rights and to purchase own shares, among others.

78.75% of issued share capital was voted, reflecting strong shareholder engagement.