Endeavour Mining Stock Price, News & Analysis

Endeavour Mining (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has achieved commercial production at two key projects: the Sabodala-Massawa BIOX Expansion in Senegal and the Lafigué mine in Côte d'Ivoire, effective 1 August 2024. Both projects were completed on budget and on schedule. The BIOX Expansion is operating at 80% of nameplate capacity with 94% plant availability and 72% average recoveries. Lafigué is operating at 72% of nameplate capacity with 87% plant availability and 95% average recoveries.

CEO Ian Cockerill highlighted that these projects will drive stronger performance in H2 2024, supporting Group production guidance while adding low-cost production and extending mine life visibility. The company is transitioning to a phase focused on free cash flow generation to support enhanced shareholder returns and reduce leverage.

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a transaction in its own shares as part of its buy-back programme. On 11 September 2024, the company purchased 7,000 ordinary shares at prices ranging from 1,588.00 to 1,610.00 GBp, with a volume weighted average price of 1,598.86 GBp. Following the cancellation of these repurchased shares, Endeavour will have 244,612,938 ordinary shares in issue, with no shares held in treasury. This figure may be used by shareholders as the denominator for calculations to determine if they need to notify their interest in the company under FCA's Disclosure Guidance and Transparency Rules.

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a transaction in its own shares, purchasing 6,000 ordinary shares on 9 September 2024. The shares were bought at prices ranging from 1,553.00 to 1,560.00 GBp, with a volume-weighted average price of 1,556.00 GBp. Following the cancellation of these repurchased shares, the company will have 244,619,938 ordinary shares in issue, with no shares held in treasury.

This share buyback is part of the company's programme announced on 20 March 2024. The total voting rights in the company will be 244,619,938, which shareholders can use as the denominator for calculations to determine if they need to notify their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.

Endeavour Mining plc (EDVMF) has received a notification from BlackRock, Inc. regarding its holdings in the company as of September 5, 2024. The notification reveals that BlackRock's total position in Endeavour Mining has slightly decreased to 12.78% of voting rights, down from the previous 12.98%. This includes 10.99% of voting rights attached to shares and 1.79% through financial instruments. The total number of voting rights held by BlackRock in Endeavour Mining is 31,312,294. The change in holdings crossed a reportable threshold on September 5, 2024, and was notified to the issuer on September 6, 2024.

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a transaction in its own shares as part of its buy-back programme. On September 4, 2024, the company purchased 16,000 ordinary shares at prices ranging from 1,519.00 GBp to 1,556.69 GBp, with a volume-weighted average price of 1,530.97 GBp. Following the cancellation of these repurchased shares, Endeavour Mining will have 244,635,638 ordinary shares in issue, with no shares held in treasury. This figure represents the total voting rights in the company, which shareholders may use for disclosure calculations.

Endeavour Mining plc (EDVMF) has received a notification from La Mancha Resource Capital LLP regarding changes in its shareholding. As of September 4, 2024, La Mancha's voting rights in Endeavour Mining have decreased to 17.942236%, down from the previous 18.728142%. This change is due to an acquisition or disposal of voting rights. La Mancha Resource Fund SCSp now holds 43,994,158 ordinary shares in Endeavour Mining, representing 17.942236% of the total voting rights. The notification was filed in compliance with UK regulatory requirements for major shareholding disclosures.

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced its total voting rights as of August 30, 2024. The company's issued ordinary share capital consists of 244,681,638 ordinary shares of US$0.01 each. With 17,500 ordinary shares held in treasury pending cancellation, the total number of voting rights in the Company is 244,664,138. This figure can be used by shareholders as the denominator for calculations to determine if they need to notify their interest or changes in interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a transaction in its own shares as part of its buy-back programme announced on March 20, 2024. On August 30, 2024, the company purchased 13,000 ordinary shares at prices ranging from 1,611.00 to 1,625.00 GBp per share, with a volume weighted average price of 1,615.12 GBp.

Following the cancellation of the repurchased shares, Endeavour Mining will have no ordinary shares in treasury and 244,552,525 ordinary shares in issue. The total voting rights in the company will be 244,552,525, which shareholders may use as the denominator for calculations to determine if they need to notify their interest in the company under FCA's Disclosure Guidance and Transparency Rules.

Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) and Lilium Gold have reached a settlement agreement regarding the divestment of the Boungou and Wahgnion mines in Burkina Faso. As part of the deal, Lilium will transfer ownership of the mines to the State of Burkina Faso. In return, Endeavour will receive:

1. A total cash consideration of $60 million, paid in installments:
- $15 million upfront
- $15 million by the end of Q3-2024
- $30 million by the end of Q4-2024

2. A 3% royalty on up to 400,000 ounces of gold sold from the Wahgnion mine

Following this agreement, both parties will cease ongoing legal proceedings against each other. The settlement was reached with the mediation of the Government of Burkina Faso.