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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 announced the purchase of 31,600 ordinary shares on 26 January 2022, as part of its buy-back program initiated on 15 June 2021. All shares were acquired from Stifel Nicolaus Europe Limited at a price of 27.29 CAD per share, resulting in a volume weighted average price also of 27.29 CAD. Following the cancellation of these shares, there will be no shares in treasury, and the total number of ordinary shares in issue will stand at 246,955,722, which will serve as the denominator for shareholder calculations regarding ownership notifications.
Endeavour Mining has announced the purchase of 137,700 ordinary shares at a price of 27.39 CAD each on January 25, 2022. Following the cancellation of these shares, the total number of ordinary shares will stand at 246,987,322. This buyback forms part of a broader buy-back programme initiated on June 15, 2021. These transactions are seen as a move to enhance shareholder value by reducing the number of shares outstanding.
Endeavour Mining announces that its operations in Burkina Faso remain stable and unaffected by the ongoing political situation. As of January 24, 2022, the company's mines and supply chains continue to function normally. Endeavour is closely monitoring the developments and plans to provide future updates as necessary. Additionally, Endeavour is recognized as one of the largest gold producers in West Africa, with a strong operational presence in the region.
Endeavour Mining reported a record gold production of 1.54 million ounces in FY-2021, exceeding its guidance of 1.36-1.49 million ounces, with AISC at approximately $880/oz. The company declared a total dividend of $140 million for FY-2021, including a $70 million dividend for H2-2021, above the minimum commitment of $125 million. Despite absorbing $330 million in net debt from Teranga and distributing $268 million in shareholder returns, Endeavour ended the year with a net cash position of $76 million. The 2022 production guidance is set between 1.4-1.5 million ounces at AISC of $890-940/oz.
Endeavour Mining plc (LSE: EDV) announced the purchase of 15,000 ordinary shares at a price of CAD 27.7964 each on 19 January 2022, part of its share buy-back program initiated on 15 June 2021. Following the cancellation of these shares, the total issued shares will be 246,990,622. This reduction will not leave any shares in treasury, and shareholders can use this number for calculating voting rights under FCA regulations. The transaction was conducted through Stifel Nicolaus Europe Limited.
Endeavour Mining has announced its total voting rights as required by FCA regulations. As of December 31, 2021, the company has 247,487,790 ordinary shares, with 589,500 shares held in treasury. The total number of voting rights stands at 246,898,290. Shareholders can use this number to calculate their interest in the company for FCA reporting purposes. Endeavour Mining is a significant gold producer in West Africa with operations in Senegal, Cote d’Ivoire, and Burkina Faso.
Endeavour Mining has announced the purchase of 23,500 ordinary shares at a price of 27.5535 CAD each on January 18, 2022, through Stifel Nicolaus Europe Limited. Following these transactions, the company will have 247,005,622 ordinary shares in issue, with no shares held in treasury. This buyback program is part of a broader initiative announced on June 15, 2021. The share buyback is seen as a move to enhance shareholder value and could increase demand for shares.
Endeavour Mining has purchased 20,000 ordinary shares at a price of CAD 27.5664 each on January 17, 2022, as part of its buy-back program initiated on June 15, 2021. After canceling these shares, the company's total issued shares will be 247,029,122, with the same number representing total voting rights. The decision aims to enhance shareholder value and aligns with Endeavour's commitment to responsible mining practices in West Africa.
Endeavour Mining has reported a record addition of 3.0 million ounces of Measured and Indicated (M&I) resources and 0.9 million ounces of Inferred resources across its flagship mines, including Ity, Houndé, and Sabodala-Massawa. The M&I resources were discovered at a low cost of $16 per ounce, surpassing the previous target of 2.5 million ounces. Significant resource growth was noted at the Lafigué deposit, increasing by 18% to 2.9 million ounces. Endeavour aims to achieve a 5-year target of 15-20 million ounces at a discovery cost under $25 per ounce, reinforcing its position in the West African gold sector.
Endeavour Mining plc (LSE: EDV) announced a share buyback, purchasing 35,000 ordinary shares on January 14, 2022. The shares were acquired from Stifel Nicolaus Europe Limited at a price of CAD 27.6168 each, with the total number of shares outstanding now at 246,939,122. Following these transactions, Endeavour will have no shares in treasury. This initiative is part of a broader buyback program initiated on June 15, 2021, aimed at enhancing shareholder value.
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