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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 on August 16, 2021, that it purchased 43,100 ordinary shares from Stifel Nicolaus Europe Limited on August 13, 2021. The shares were bought at a lowest price of 1664.19 GBp and a highest price of 1700 GBp, with a volume-weighted average price of 1670.24 GBp. Following these transactions, the total shares in issue will be 249,790,936 after the cancellation of the repurchased shares. This buyback program was initially announced on June 15, 2021.
Endeavour Mining announced on August 13, 2021, the purchase of 57,020 ordinary shares at prices ranging from 1650.00000 GBp to 1685.00000 GBp.
This transaction is part of the company's buy-back program initiated on June 15, 2021. After the cancellation of these shares, the total number of voting rights will be 249,834,036 shares.
Endeavour Mining, listed on the Toronto Stock Exchange as EDV, focuses on sustainable value creation in the gold mining sector in West Africa.
Endeavour Mining announces the purchase of 9,944 ordinary shares on 11 August 2021 as part of its buy-back program initiated on 15 June 2021. The shares were acquired through Stifel Nicolaus Europe Limited at prices ranging from 1,670.00 GBp to 1,695.00 GBp, with a volume-weighted average price of 1,679.16 GBp. Post-cancellation, the total number of voting rights will stand at 249,891,056. This move aligns with the company's goal to enhance shareholder value and signals confidence in its financial stability.
Endeavour Mining plc announced the purchase of 41,500 ordinary shares at a price range of 1,629.7112 GBp during its buy-back program.
The repurchase occurred on 10 August 2021, and following the cancellation of these shares, the total ordinary shares issued will be 249,901,000. This buy-back is part of a program initiated on 15 June 2021. The new total voting rights are 249,901,000.
Endeavour Mining has published a circular and notice for an extraordinary general meeting scheduled for September 9, 2021. The meeting aims to secure shareholder approval for a reduction of capital to create distributable reserves for potential dividends and share repurchases. This includes the issuance of a special class of shares in Endeavour Gold Corporation linked to long-term awards. Shareholders will receive meeting materials by August 13, 2021, and proxy forms must be submitted by September 7, 2021. More details can be found in the circular.
On August 9, 2021, Endeavour Mining PLC received a notification from BlackRock, Inc. indicating a change in its voting rights holdings. As of August 6, 2021, BlackRock's total voting rights in Endeavour Mining reached approximately 11.48%, with 10.96% from direct shares and 0.52% from financial instruments. This shift from the previous position of 11.54% reflects a reduction in BlackRock’s direct shares. The notification adheres to regulatory requirements for major holdings, impacting shareholder dynamics.
On August 10, 2021, Endeavour Mining plc announced the purchase of 23,494 ordinary shares on August 9, 2021. The shares were acquired at an average price of 1,675.72 GBp, with a lowest price of 1,650.00 GBp and a highest price of 1,680.46 GBp. Following the cancellation of these shares, Endeavour will have 249,942,500 shares issued, with total voting rights adjusted accordingly. This buyback is part of a broader program initiated on June 15, 2021, aimed at increasing shareholder value.
Endeavour Mining has announced the purchase of 54,706 ordinary shares of USD 0.01 each on 6 August 2021, with prices ranging from 1,700 to 1,780 GBp. Following this share buyback, the company's total number of ordinary shares will be 249,965,994, with no shares held in treasury. This buyback is part of a previously announced program from 15 June 2021. The volume-weighted average price paid was 1,737.69 GBp, utilizing Stifel Nicolaus Europe Limited for the transaction.
Endeavour Mining has announced the purchase of 4,750 of its own shares at a price of 1775 GBp each on August 5, 2021, from Stifel Nicolaus Europe Limited. Following the cancellation of these shares, Endeavour will have 250,020,700 shares in circulation, with no shares held in treasury. This move is part of the company's buy-back program initiated on June 15, 2021. The transaction supports the company's strategy to enhance shareholder value through share repurchases.
Endeavour reported record Q2-2021 results, with production increasing by 18% to 409koz and AISC decreasing to $853/oz. H1-2021 performance reached 756koz at $860/oz, positioning the Group to meet FY-2021 guidance of 1,365-1,495koz. Adjusted net earnings hit $183m ($0.73/share) in Q2-2021. The company's balance sheet is robust, with net debt at $77m and a net debt to EBITDA ratio of 0.07x. A $70m interim dividend is declared, alongside a buyback program totaling $70m. Key growth initiatives include the Sabodala-Massawa expansion, with expected discoveries over 2.5Moz in 2021.
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