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ENDEAVOUR MNG PLC - EDVMF STOCK NEWS

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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.

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Endeavour Mining has purchased 10,000 ordinary shares of USD 0.01 each at a price of 1,576.01 GBp per share from Stifel Nicolaus Europe Limited on 7 November 2022. This transaction is part of Endeavour's buy-back program announced on 17 March 2022. Following the cancellation of these shares, the total number of ordinary shares in issue will be 246,121,840. This number represents the total voting rights in the company, which shareholders can use for their calculations under the FCA’s Disclosure Guidance and Transparency Rules.

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Endeavour Mining announced a total voting rights update as of 31 October 2022. The issued ordinary share capital stood at 246,136,840 shares with 251,000 shares in treasury pending cancellation. Consequently, the total number of voting rights is 245,885,840. This figure is crucial for shareholders as it serves as the denominator to determine when they need to notify changes in their interests under the UK's FCA rules.

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Endeavour Mining reports a tragic incident at its Ity mine in Côte d’Ivoire, where a contractor died due to injuries from a blasting accident. The company prioritizes health and safety, extending condolences to the deceased's family and colleagues. An internal investigation will be conducted alongside local authorities. Although mining operations were temporarily halted, processing activities continued, and all operations have now resumed.

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Endeavour Mining plc announced the purchase of 20,000 ordinary shares at a price of 1,501.96 GBp from Stifel Nicolaus Europe Limited on 20 October 2022. This transaction is part of the company's buy-back program initiated on 17 March 2022. Following the cancellation of these shares, Endeavour will have 246,687,653 ordinary shares in issue, eliminating the presence of treasury shares. This total will serve as the basis for any shareholder notifications under the FCA's regulations.

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Endeavour Mining (OTCQX: EDVMF) will release its Q3-2022 financial results on 10 November 2022, prior to the LSE market opening. A conference call and webcast is planned for the same day at 8:30 am EST to discuss the financial outcomes. Access to the conference call is available through registration.

Endeavour invites analysts and investors to participate in the call, with playback options available on the company’s website.

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Endeavour Mining has commenced construction of the Lafigué Project in Côte d'Ivoire, confirming its potential as a cornerstone asset. The Definitive Feasibility Study (DFS) revealed a 30% increase in reserves to 2.7 million ounces and a projected annual production of 203,000 ounces at a low all-in sustaining cost (AISC) of $871/oz over 12.8 years. The project boasts an after-tax NPV of $477 million and an IRR of 21% based on a $1,500/oz gold price. Endeavour anticipates first gold production in Q3-2024, while maintaining its commitment to robust shareholder returns through dividends and buybacks.

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Endeavour Mining plc has announced its total voting rights as of 6 PM on September 30, 2022. The company had an issued ordinary share capital of 246,391,458 ordinary shares of US$0.01 each, with 171,167 shares held in treasury pending cancellation. The total number of voting rights stands at 246,220,291. This information complies with the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules, assisting shareholders in determining their notification obligations regarding interests in the company.

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Endeavour Mining announced on October 3, 2022, that its operations in Burkina Faso remain stable amidst recent political turmoil. The company is closely monitoring the situation and will provide updates as necessary. Endeavour is recognized as one of the leading gold producers in West Africa, holding a robust portfolio of mining and exploration assets.

Endeavour is listed on the London and Toronto Stock Exchanges under the symbol EDVMF.

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Endeavour Mining announces the appointment of Sakhila Mirza as an Independent Non-Executive Director, effective September 29, 2022. Sakhila, currently the General Counsel at the London Bullion Market Association, will enhance the board's focus on sustainability and responsible sourcing within the precious metals sector. With over 15 years of experience, her role aims to bolster Endeavour's commitment to ESG principles. Following this change, the board consists of nine members, five of whom are considered independent, which reinforces corporate governance.

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Endeavour Mining has announced the purchase of 165,267 ordinary shares at a price of 1,687.91 GBp each on September 26, 2022. Following this buyback, the company will have 246,802,499 shares in issue and no treasury shares. This action is part of a previously announced buy-back program initiated on March 17, 2022. Shareholders can use the updated total for calculating voting rights under FCA regulations.

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FAQ

What is the current stock price of ENDEAVOUR MNG PLC (EDVMF)?

The current stock price of ENDEAVOUR MNG PLC (EDVMF) is $24.2091 as of September 20, 2024.

What is the market cap of ENDEAVOUR MNG PLC (EDVMF)?

The market cap of ENDEAVOUR MNG PLC (EDVMF) is approximately 5.3B.

Where is Endeavour Mining Corporation located?

Endeavour Mining Corporation's corporate office is located at 5 Young St, Kensington, London, W8 5EH, UK.

What is Endeavour Mining Corporation's focus?

Endeavour Mining Corporation focuses on sustainable growth, operational excellence, and responsible mining practices.

What recent achievement has Endeavour Mining Corporation made?

Endeavour Mining Corporation successfully delivered its first gold in just two years, on budget and on schedule.

How does Endeavour Mining Corporation prioritize safety?

Endeavour Mining Corporation has achieved zero Lost Time Incidents (LTIs) with over 3.5 million man-hours worked, showcasing its commitment to safety.

What strategy does Endeavour Mining Corporation employ for shareholder value?

Endeavour Mining Corporation focuses on delivering shareholder value through its Shareholder Returns Programme and non-core asset divestment strategy.

What is the core business of Endeavour Mining Corporation?

Endeavour Mining Corporation is a leading intermediate gold producer operating four mines in West Africa.

How does Endeavour Mining Corporation ensure operational excellence?

Endeavour Mining Corporation ensures operational excellence through a strong track record of production and a focus on sustainable growth.

What is Endeavour Mining Corporation's commitment to responsible mining practices?

Endeavour Mining Corporation is committed to responsible mining practices, prioritizing environmental and social considerations.

What sets Endeavour Mining Corporation apart in the mining industry?

Endeavour Mining Corporation stands out in the mining industry for its dedication to safety, operational excellence, and shareholder value.

How can I stay updated on Endeavour Mining Corporation's latest news?

Stay informed about Endeavour Mining Corporation's latest news and developments through official announcements and press releases.

ENDEAVOUR MNG PLC

OTC:EDVMF

EDVMF Rankings

EDVMF Stock Data

5.33B
168.87M
19.12%
60.86%
Gold
Basic Materials
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United States of America
London