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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 plc announces a $500 million offering of fixed-rate senior notes due 2026. Proceeds will be used to repay a $370 million bridge loan and $130 million from an existing revolving credit facility. Additionally, the company will enter a new revolving credit facility, potentially increasing from $500 million to $650 million for general corporate purposes. This strategic move aims to improve financial flexibility and reduce debt costs. Endeavour is a leading gold producer in West Africa, committed to responsible mining and community sustainability.

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Endeavour Mining targets the discovery of 15-20 million ounces of indicated resources over the next five years at an average cost of less than $25/oz. Near-mine exploration will extend the life of core assets beyond ten years, while greenfield exploration aims to identify at least one new standalone project. The group expects to discover over 2.5Moz of indicated resources in 2021 alone. Key mining areas include Sabodala-Massawa, Houndé, and Ity, with significant potential for resource growth.

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Endeavour Mining announced the purchase of 110,000 ordinary shares at a price of 1,688.64670 GBp each on 29 September 2021. This buyback is part of a previously announced program from 15 June 2021. After cancellation of these shares, the total number of ordinary shares in issue will be 248,999,595, affecting the voting rights accordingly. No ordinary shares will remain in treasury post-transaction. This strategic move aims to enhance shareholder value and reflects Endeavour's commitment to returning capital to shareholders.

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On September 20, 2021, Endeavour Mining PLC received a notification from BlackRock, Inc. indicating a change in their voting rights. As of September 17, 2021, BlackRock's total interest reached 12.64%, comprising 11.73% from direct holdings and 0.91% from financial instruments. This marks an increase from their previous holding of 11.48%. BlackRock's significant shareholding may influence corporate decisions. The notification details the structured chain of control through which BlackRock holds voting rights in the company.

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Endeavour Mining has announced the purchase of 40,000 ordinary shares at a price of 1,704.62790 GBp each on 15 September 2021. Following this transaction, the company will not hold any treasury shares, resulting in 249,109,595 ordinary shares outstanding. This buyback is part of a broader program initiated on 15 June 2021. The total voting rights available will be 249,109,595, which shareholders should consider when assessing their interest in the company.

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Endeavour Mining announced that all resolutions were passed at the extraordinary general meeting held on September 9, 2021. Key resolutions included a special resolution for capital reduction, receiving 99.98% votes in favor, and an ordinary resolution for tracker shares linked to the performance share plan with 97.67% support. The total shares voted were 249,115,023, and the capital reduction is pending approval from the UK High Court. These moves are intended to enhance shareholder value and streamline operations.

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Endeavour Mining announced on September 6, 2021, the purchase of 17,300 ordinary shares on September 3, 2021, at a price of 1728.60 GBp each from Stifel Nicolaus Europe Limited. This buy-back aligns with Endeavour's strategy to enhance shareholder value as part of its announced buy-back program on June 15, 2021. Post-cancellation, the company will have 249,110,856 ordinary shares outstanding, representing the total voting rights for shareholders. This strategic move aims to support share price stability and investor confidence.

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Endeavour Mining has announced total voting rights as of 6 PM on August 31, 2021. The company’s issued share capital comprises 249,988,201 ordinary shares of US$0.01 each, with 722,345 shares held in treasury pending cancellation. Consequently, the total number of voting rights stands at 249,265,856. Shareholders may use this figure for determining their interest notifications under the FCA's Disclosure Guidance and Transparency Rules.

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Endeavour Mining plc has announced the purchase of 34,000 ordinary shares on 1 September 2021, as part of its ongoing buy-back program initiated on 15 June 2021. The shares were acquired from Stifel Nicolaus Europe Limited at a price of 1769.5359 GBp each. Following this transaction, there will be 249,405,942 shares in issue, eliminating any treasury shares. This buy-back aims to enhance shareholder value and may influence voting rights calculations for current shareholders under FCA regulations.

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Endeavour Mining plc announced the purchase of 103,700 ordinary shares at an overall cost of between 1728.09 GBp and 1765.00 GBp on 31 August 2021. The average price per share was 1735.66 GBp. Following this transaction, Endeavour will have no shares in treasury and 249,439,942 ordinary shares outstanding, impacting shareholders' voting rights. This purchase is part of the buy-back program initiated on 15 June 2021.

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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 $19.86 as of November 22, 2024.

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

The market cap of ENDEAVOUR MNG PLC (EDVMF) is approximately 4.9B.

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

4.91B
183.39M
19.09%
59.16%
Gold
Basic Materials
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United States of America
London