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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.
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.
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.
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.
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.
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.
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.
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.
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.
Endeavour Mining has announced its total voting rights as of 6 PM on August 31, 2022. The issued ordinary share capital stands at 246,764,489 shares, with 123,792 held in treasury. Therefore, the total number of voting rights is 246,640,697. This figure is essential for shareholders to determine their notification obligations regarding interest in the company, according to the FCA's Disclosure Guidance and Transparency Rules.
Endeavour Mining has announced the purchase of 80,200 ordinary shares at an average price of 1,757.33 GBp as part of its buy-back program. The transaction, executed on 17 August 2022 via Stifel Nicolaus Europe Limited, has resulted in a total of 247,704,188 shares in circulation following the cancellation of repurchased shares. This buy-back program was first announced on 17 March 2022, aiming to enhance shareholder value.
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