Endeavour Mining - EDVMF STOCK NEWS

Endeavour Mining announced the purchase of 81,200 ordinary shares at a price of CAD 31.32 each through Stifel Nicolaus Europe Limited on 23 March 2022. Following the cancellation of these shares, the total number of issued shares will be 249,098,593, with no shares remaining in treasury. This buyback is part of a previously announced buy-back program initiated on 15 June 2021. The move aims to enhance shareholder value and indicates the company's commitment to returning capital to shareholders.

Endeavour Mining has announced the purchase of 50,000 ordinary shares at a price of 31.75 CAD each as part of its ongoing buy-back program. The transaction occurred on 22 March 2022, with Stifel Nicolaus Europe Limited acting as the investment firm. Following this buyback, Endeavour will have 249,025,893 ordinary shares in issue, which will serve as the basis for shareholder voting rights. This initiative aims to enhance shareholder value while indicating the company's commitment to returning capital.

On March 18, 2022, Endeavour Mining announced the purchase of 18,900 ordinary shares at a price of CAD 31.10 each, executed by Stifel Nicolaus Europe Limited. Following the cancellation of these shares, the total number of ordinary shares will be 249,075,893, with that figure representing the total voting rights in the Company. This buyback is part of a program initiated on June 15, 2021. This transaction allows shareholders to assess their interests under the FCA's regulations.

Endeavour Mining reported record FY-2021 results with gold production of 1.54Moz at an AISC of $885/oz, marking a 69% increase from FY-2020. The company generated $1.2 billion in operating cash flow and returned $278 million to shareholders through dividends and buybacks. Despite a net loss of $103 million in Q4-2021 due to a $259 million impairment, adjusted net earnings rose to $577 million for FY-2021. With a healthy cash position of $76 million, Endeavour focuses on organic growth and plans a $150 million minimum dividend for FY-2022.

Endeavour Mining plc has appointed Srinivasan Venkatakrishnan as Chair and Ian Cockerill as Senior Independent Director, effective May 24, 2022. Venkat succeeds Michael Beckett, who is retiring after 12 years. These appointments reflect Endeavour's commitment to high corporate governance standards, aligning with the UK Corporate Governance Code. Venkat, an industry veteran with over 30 years of experience, aims to build on the company's success, while Cockerill brings extensive operational experience from his previous roles in major mining firms.

Endeavour Mining plc announced the purchase of 85,000 ordinary shares at a price of CAD 31.32 each on March 15, 2022, through Stifel Nicolaus Europe Limited. Following the cancellation of these shares, Endeavour will have no treasury shares, leaving 249,094,793 shares outstanding, which shareholders can use for interest calculations under FCA rules. This buyback is part of a previously announced program from June 15, 2021.

Endeavour Mining has successfully closed the sale of its 90% interest in the non-core Karma mine in Burkina Faso to Néré Mining for up to $25 million plus a 2.5% NSR royalty. The deal aligns with Endeavour's strategy of focusing on high-margin assets. The initial payment of $10 million has been received, with additional payments contingent on gold prices. Following this sale, Endeavour has adjusted its 2022 production guidance from 1,400-1,500koz to 1,315-1,400koz and reduced its AISC guidance by $10/oz.

Endeavour Mining plc announced the repurchase of 100,000 ordinary shares at a price of 32.49 CAD per share on 10 March 2022. This share buyback is part of the company's ongoing buy-back program initiated on 15 June 2021. Following the cancellation of these shares, Endeavour Mining will have 249,074,543 ordinary shares remaining in issue, impacting the total voting rights.

On February 23, 2022, Endeavour Mining received notification from BlackRock, Inc. regarding its voting rights in the company as of February 22, 2022. BlackRock reported holding a total of 10.67% in voting rights, with 10.02% from shares and 0.65% from financial instruments. The updated position reflects an increase from a previous holding of 10.01%. This notification is part of regulatory requirements for major holdings and is crucial for investors tracking BlackRock's influence on Endeavour Mining's governance.