Endeavour Mining Stock Price, News & Analysis

On March 10, 2023, Endeavour Mining plc announced a transaction involving the purchase of 23,704 ordinary shares at prices ranging from 1,584.00 to 1,626.00 GBp on March 9, 2023. This buyback program, which began on March 17, 2022, will result in no ordinary shares held in treasury, leaving 247,528,885 shares in issue. The average price paid per share was 1,598.67 GBp. Following the cancellation of these shares, the total voting rights will be 247,528,885, which shareholders can use for interest notification under FCA rules.

On March 9, 2023, Endeavour Mining plc announced a notification regarding a transaction involving its Executive Director, Sébastien de Montessus. The notification pertains to the acquisition of 37,585 ordinary shares as part of a deferred annual bonus award from 2022, calculated based on the average weighted price during that fiscal year. The shares, acquired at nil consideration, are subject to a holding period of two years. This marks the initial notification related to the transaction, which took place outside a trading venue on March 8, 2023.

Endeavour Mining reported strong FY-2022 results, producing 1.4Moz of gold at an All-In Sustaining Cost (AISC) of $928/oz. Operating cash flow reached $1.0 billion, leading to shareholder returns of $299 million, significantly above their minimum commitment. Despite hitting production and cost guidance for the tenth consecutive year, the company reported a net loss of $256 million in Q4-2022, primarily due to a $360 million impairment charge. The company ended the year with $121 million in net cash and plans for organic growth through two major projects scheduled for 2024. The firm remains committed to shareholder returns, having paid a dividend of $200 million, exceeding the minimum dividend commitment.

Endeavour Mining plc received a notification from BlackRock, Inc. regarding its holdings as of March 2, 2023. BlackRock reported holding 12% of voting rights, with 11.9% in direct voting rights and 0.1% through financial instruments. This marks an increase from a previous holding of 11.97%. The notification was triggered by an acquisition of voting rights and financial instruments. BlackRock operates through multiple controlled entities, highlighting a diversified investment strategy. The notification ensures compliance with regulatory requirements for major holdings in the UK.

Endeavour Mining announced its total voting rights as of February 28, 2023, in compliance with UK FCA regulations. The company reported an issued ordinary share capital of 247,739,889 ordinary shares, with 187,300 shares held in treasury. This brings the total number of voting rights to 247,552,589. Shareholders can use this figure to determine if they need to notify changes to their interest in the company under FCA rules.

Endeavour Mining is a leading gold producer in West Africa, operating in Senegal, Cote d'Ivoire, and Burkina Faso, and is committed to responsible mining practices.

On February 24, 2023, Endeavour Mining plc received a notification from BlackRock, Inc. regarding its interests in the company as of February 23, 2023. BlackRock's voting rights, as reported, increased to 11.97% from a previous 12.04%, with direct voting rights at 11.77% and additional rights through financial instruments at 0.20%. The notification falls under the standard form for major holdings and indicates an acquisition of voting rights. This change in shareholding may hint at BlackRock's strategic investment moves in the company, which could influence market perceptions.

Endeavour Mining has announced the purchase of 25,000 ordinary shares on 22 February 2023 at a price of 1,767.72 GBp each, totaling approximately £441,930. This buyback is part of a broader repurchase program initiated on 17 March 2022. Following the cancellation of these shares, Endeavour will have no shares in treasury and 247,515,589 ordinary shares outstanding, which will serve as the basis for shareholder voting rights. The transaction was facilitated by Stifel Nicolaus Europe Limited and aligns with the company’s strategy to enhance shareholder value.

Endeavour Mining plc announced the purchase of 37,000 ordinary shares at a price of 1,770.09 GBp per share on 16 February 2023. This transaction is part of the company's ongoing buy-back program initiated on 17 March 2022. Following this buyback, the total number of ordinary shares will be reduced to 247,540,589, eliminating any shares held in treasury. The total voting rights will now align with this number, as stated under the FCA's regulations. The repurchased shares will be canceled, impacting future shareholder calculations.

Endeavour Mining plc announced the block listing of 835,268 ordinary shares in respect of the maturity of US$330 million convertible senior notes. The application has been submitted to the Financial Conduct Authority and the London Stock Exchange for these New Shares to be listed on 15 February 2023. This comes as the company elected to settle the principal amount in cash, while any contingent premiums will be settled in shares. Once issued, these shares will rank pari passu with existing shares.