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Endeavour Mining plc announced the purchase of 28,021 of its ordinary shares from Stifel Nicolaus Europe The lowest price paid per share was 1,614.00 GBp, the highest was 1,667.00 GBp, and the volume weighted average price paid per share was 1,639.07 GBp. Following the cancellation of repurchased shares, the Company will have 244,898,725 ordinary shares in issue. These share purchases are part of the buy-back program announced in March 2023.
Endeavour Mining plc has reported its Q1-2024 results, showcasing a production of 219koz with an AISC of $1,186/oz. Adjusted EBITDA stood at $213m, down 27% from the previous quarter. Despite a healthy financial position, with $481m in cash and available liquidity, the net debt position was $831m. The BIOX® Expansion achieved its first gold pour, shareholder returns total $917m, and exploration efforts continue to show promise.
Endeavour Mining plc (LSE:EDV, TSX: EDV, OTCQX: EDVMF) has announced the date and details of its 2024 Annual General Meeting on 30th May 2024. The meeting will be held at One Silk Street, London EC2Y 8HQ and will be accessible via live audio webcast with a Q&A messaging function. Shareholders have been provided with the necessary documents for inspection, and information on voting and proxy appointment is outlined in the Notice of AGM. The Company's AGM will be complied with UK Listing Rule 9.6.1 and will be submitted to the Financial Conduct Authority. For shareholders' convenience, the Notice of AGM and the Management Information Circular are available on the Company's website and will be filed under the Company’s profile at SEDAR at www.sedarplus.ca and the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Endeavour Mining plc has achieved its first gold pour from the Sabodala-Massawa BIOX Expansion project in Senegal, marking the successful delivery of the project on budget, on schedule, and with no lost-time injuries after 24 months of construction. Commercial production is expected in late Q2-2024, with a full-year guidance of 1,130-1,270koz at an AISC of $955 – 1,035/oz. Over 3.5 million man hours have been completed with no lost-time injuries, and the largest exploration program at Sabodala-Massawa has a planned spend of $21m in 2024. The company's CEO Ian Cockerill expressed pride in the project's completion, and the company plans to focus on enhancing shareholder returns and de-levering their balance sheet in the second half of the year.
