Endeavour Mining Stock Price, News & Analysis

Endeavour Mining plc (EDVMF) announced on 20 August 2024 that it received a notification from Van Eck Associates regarding its holdings in the company as of 19 August 2024. The notification reveals that Van Eck's total voting rights in Endeavour Mining decreased to 7.979%, down from the previous 8.999%. This change crossed a significant threshold, prompting the disclosure.

The notification details Van Eck's holdings across various funds, with the largest positions in the VanEck Gold Miners ETF (4.430%) and the VanEck Junior Gold Miners ETF (2.451%). The total number of voting rights held by Van Eck is 19,513,339 out of Endeavour Mining's 244,565,440 total voting rights.

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a transaction in its own shares as part of its buy-back programme. On August 15, 2024, the company purchased 10,000 ordinary shares at prices ranging from 1,558.00 GBp to 1,579.00 GBp, with a volume-weighted average price of 1,569.46 GBp. Following the cancellation of these repurchased shares, Endeavour Mining will have 244,594,229 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 calculations related to disclosure requirements.

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a transaction in its own shares as part of its buy-back programme announced on 20 March 2024. The company purchased 8,000 ordinary shares on 13 August 2024 at prices ranging from 1,562.00 GBp to 1,568.00 GBp, with a volume weighted average price of 1,565.50 GBp. Following the cancellation of these repurchased shares, Endeavour Mining will have 244,614,229 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 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. On August 9, 2024, the company purchased 44,939 ordinary shares at prices ranging from 1,528.00 GBp to 1,560.00 GBp, with a volume-weighted average price of 1,537.37 GBp. Following the cancellation of these repurchased shares, Endeavour Mining will have 244,673,168 ordinary shares in issue, with no shares held in treasury. This figure represents the total voting rights in the company, 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 (TSX: EDVMF) has announced a correction to the ex-dividend date for its TSX-listed shareholders. Following changes to the settlement cycle implemented on May 27, 2024, where TMX Group exchanges now settle on a T+1 basis, the ex-dividend date for TSX shareholders will now fall on the same day as the record date, September 13, 2024. This update applies specifically to the company's H1 2024 dividend. The ex-dividend and record dates for shareholders with holdings listed on the London Stock Exchange remain unchanged from the previously announced dates in the Q2 2024 results release on July 31, 2024.

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a transaction in its own shares as part of its buy-back programme. On August 7, 2024, the company purchased 39,551 ordinary shares at prices ranging from 1,544.74 to 1,578.00 GBp per share. The volume-weighted average price was 1,550.67 GBp. Following the cancellation of these repurchased shares, Endeavour will have 244,718,107 ordinary shares in issue, with no shares held in treasury. This figure represents the total voting rights in the company. The share purchases are part of the company's buy-back programme announced on March 20, 2024.

Endeavour Mining plc (EDVMF) has announced a significant transaction by a Person Discharging Managerial Responsibilities (PDMR). Srinivasan Venkatakrishnan, the Chair of Endeavour Mining, has purchased 5,000 ordinary shares of the company at a price of £15.52598 per share. The transaction took place on August 7, 2024, on the London Stock Exchange. This insider buying activity could be seen as a positive signal, potentially indicating the Chair's confidence in the company's future prospects. The notification was made in compliance with regulatory requirements for director/PDMR shareholding disclosures.

Endeavour Mining plc (LSE:EDV, TSX:EDV) has announced a transaction in its own shares. On August 6, 2024, the company purchased 44,939 ordinary shares at prices ranging from 1,557.00 to 1,623.00 GBp per share. The volume-weighted average price was 1,587.08 GBp. Following the cancellation of these repurchased shares, Endeavour will have 244,757,658 ordinary shares in issue, with no shares held in treasury. This share buyback is part of the company's program announced on March 20, 2023. The total voting rights in the company will be 244,757,658, which shareholders can 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 announced the first gold pour from its Lafigué mine in Côte d'Ivoire on June 28, 2024. The project was delivered on budget and a quarter ahead of schedule, only 21 months after construction began. Lafigué is expected to produce 90-110koz of gold in FY-2024 at an AISC of $900-975/oz, increasing to approximately 200koz in FY-2025. The mine has a nameplate capacity of 4.0Mtpa and is expected to achieve commercial production in Q3-2024. This marks Endeavour's fifth successful project built in West Africa in the last decade, highlighting their competitive advantage in the region. The company now enters a phase of increased free cash flow generation, de-levering, and enhanced shareholder returns.