Endeavour Announces Holding(s) in Company

Rhea-AI Summary

Van Eck Associates Corporation has reported a change in its holdings of Endeavour Mining plc (EDVMF) as of June 18, 2025. The firm's total voting rights position decreased to 5.910% from the previous 6.966%, representing 14,302,448 shares. The holdings are distributed across various Van Eck funds, with VanEck Gold Miners ETF holding the largest position at 3.419%, followed by VanEck Junior Gold Miners ETF at 1.591%. Other funds including ESB Pension Fund GDX, VanEck Gold Miners ETF (AU), VanEck Global Mining UCITS ETF, VanEck Gold Miners UCITS ETF, VanEck Africa Index ETF, and VanEck Junior Gold Miners UCITS ETF hold smaller positions. Glass Lewis acts as the proxy holder for these voting rights.

Positive

• Van Eck maintains a significant 5.910% stake in Endeavour Mining, showing continued institutional interest
• Diversified holding structure across multiple Van Eck funds reduces concentration risk

Negative

• Reduction in Van Eck's holdings from 6.966% to 5.910% indicates decreased institutional confidence
• Total number of voting rights in the issuer decreased from 243,578,697 to 241,990,346

News Market Reaction

+2.29%

1 alert

+2.29% News Effect

On the day this news was published, EDVMF gained 2.29%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Endeavour Mining plc (“the Company”) announces that it received the following notification today 23 June 2025, from Van Eck Associates Corporation of its interests in the Company as at 18 June 2025

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			ENDEAVOUR MINING PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Van Eck Associates Corporation
City and country of registered office (if applicable)			New York, NY USA
4. Full name of shareholder(s) (if different from 3.)v
Name			ESB Pension Fund GDX VanEck Gold Miners ETF VanEck Gold Miners ETF (AU) VanEck Global Mining UCITS ETF VanEck Gold Miners UCITS ETF VanEck Africa Index ETF VanEck Junior Gold Miners ETF VanEck Junior Gold Miners UCITS ETF
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			18/06/2025
6. Date on which issuer notified (DD/MM/YYYY):			20/06/2025
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	5.910%			5.910%	241,990,346
Position of previous notification (if applicable)	6.966%			6.966%	243,578,697

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BL6K5J42		14,302,448					5.910%
SUBTOTAL 8. A		14,302,448					5.910%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
ESB Pension Fund GDX	0.031		0.031%
VanEck Gold Miners ETF	3.419		3.419%
VanEck Gold Miners ETF (AU)	0.114		0.114%
VanEck Global Mining UCITS ETF	0.044		0.044%
VanEck Gold Miners UCITS ETF	0.461		0.461%
VanEck Africa Index ETF	0.018		0.018%
VanEck Junior Gold Miners ETF	1.591		1.591%
VanEck Junior Gold Miners UCITS ETF	0.232		0.232%
10. In case of proxy voting, please identify:
Name of the proxy holder		Glass Lewis
The number and % of voting rights held		14,302,448 shares and 5.910% voting rights
The date until which the voting rights will be held		Open
11. Additional informationxvi

Place of completion	Tampa, FL, USA
Date of completion	20 June 2025

Attachment

• TR-1 Form Endeavour Mining PLC VanEck 23 June 2025

FAQ

What is Van Eck's current ownership percentage in Endeavour Mining (EDVMF)?

Van Eck Associates Corporation currently holds a 5.910% stake in Endeavour Mining, representing 14,302,448 shares as of June 18, 2025.

How much did Van Eck reduce its position in EDVMF?

Van Eck reduced its position from 6.966% to 5.910%, representing a decrease of approximately 1.056 percentage points.

Which Van Eck fund holds the largest position in Endeavour Mining?

The VanEck Gold Miners ETF holds the largest position with 3.419% of voting rights.

Who is the proxy holder for Van Eck's voting rights in Endeavour Mining?

Glass Lewis serves as the proxy holder for Van Eck's 14,302,448 shares and 5.910% voting rights.

How are Van Eck's holdings in EDVMF distributed across different funds?

The holdings are distributed across eight funds, with Gold Miners ETF (3.419%) and Junior Gold Miners ETF (1.591%) being the largest holders, while other funds hold smaller positions ranging from 0.018% to 0.461%.