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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 has announced the purchase of 56,200 ordinary shares at a price of 1,605.46837 GBp each from Stifel Nicolaus Europe Limited on 13 December 2021. Following this transaction, the company will have 248,228,122 ordinary shares in circulation, with no shares held in treasury. This buyback program is part of a strategy initiated on 15 June 2021. Shareholders can use the updated total voting rights for notifications under FCA's rules.
Endeavour Mining plc has announced the purchase of 125,000 ordinary shares at a price of 1,614.4694 GBp each on 10 December 2021. This transaction is part of a buy-back program initiated on 15 June 2021. With the cancellation of these repurchased shares, the total number of ordinary shares in issue will be 248,284,322, affecting voting rights calculations for shareholders. The company emphasizes its commitment to responsible mining and sustainable shareholder value.
Endeavour Mining announced the purchase of 45,000 ordinary shares at a price of 1695.25110 GBp each on December 8, 2021. This transaction is part of the company's ongoing buy-back program announced on June 15, 2021. After the cancellation of these shares, Endeavour will have a total of 248,409,322 ordinary shares in issue, with the same number representing total voting rights. This buy-back is expected to enhance shareholder value and reflects Endeavour's commitment to returning capital to its shareholders.
Endeavour Mining announced the purchase of 23,900 ordinary shares at a fixed price of 1696.04980 GBp from Stifel Nicolaus Europe Limited on 7 December 2021. Following the cancellation of these shares, the total number of shares in circulation will be 248,454,322, impacting the total voting rights accordingly. This buyback is part of the company's previously announced buy-back programme initiated on 15 June 2021.
On December 1, 2021, Endeavour Mining PLC received a notification from BlackRock, Inc. regarding its voting rights in the company as of November 30, 2021. BlackRock's total voting rights now amount to 10.8%, a decrease from the prior 11.91%. This includes 9.73% from shares and 1.07% from financial instruments. The notification reflects an acquisition or disposal of voting rights, indicating a strategic shift by BlackRock. The announcement did not specify the reason for the changes in voting rights, raising speculation in the market.
Endeavour Mining announced the purchase of 120,100 ordinary shares at a price of 1,678.66380 GBp on December 6, 2021, via Stifel Nicolaus Europe Limited. This buyback is part of a program initiated on June 15, 2021. Following the cancellation of these shares, the total number of ordinary shares will be 248,478,222, affecting the voting rights of shareholders. The shares are part of Endeavour's commitment to enhance shareholder value through strategic financial maneuvers.
Endeavour Mining has announced a new automatic share purchase plan in relation to its existing Normal Course Issuer Bid (NCIB). This program enables the repurchase of shares when the company is usually inactive in the market due to regulatory or internal trading restrictions. 4,321,531 shares have been repurchased since April 2021, totaling approximately CAD 126 million (about US$ 101 million). The initiative aims to enhance shareholder value while adhering to compliance regulations.
Endeavour Mining announced the purchase of 122,000 ordinary shares on December 2, 2021, from Stifel Nicolaus Europe Limited. The shares were acquired at a lowest and highest price of 1701.06130 GBp. Following the cancellation of these shares, the total number of ordinary shares in issue will be 248,613,422, affecting voting rights. This buyback is part of a previously announced buy-back program initiated on June 15, 2021.
Endeavour Mining plc has announced the purchase of 105,000 ordinary shares on November 29, 2021, as part of its ongoing buy-back programme initiated on June 15, 2021. The shares were bought at a fixed price of 1,762.34160 GBp. Following the purchase and subsequent cancellation, the company will have 248,735,422 ordinary shares in issue, contributing to the total voting rights available for shareholders. This move aims to enhance shareholder value and demonstrates the company's commitment to returning capital to its investors.
Endeavour Mining reported strong Q3-2021 results, producing 382koz of gold at an All-In Sustaining Cost (AISC) of $904/oz. Year-to-date production reached 1,138koz with an AISC of $875/oz, positioning the company to exceed its FY-2021 guidance of 1.365-1.495koz. Adjusted net earnings were $153m ($0.61/share) for Q3 and $429m ($1.81/share) year-to-date. The balance sheet remained healthy with a net debt of $70m. Shareholder returns included a $70m interim dividend and $94m in share buybacks. Positive exploration updates are anticipated for Q4-2021.
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