Endeavour Mining Stock Price, News & Analysis

Endeavour Mining reports strong Q3-2022 results, achieving production of 343koz at an all-in sustaining cost (AISC) of $960/oz, contributing to 1,045koz year-to-date at an AISC of $920/oz. The company is on track to meet its FY-2022 guidance of 1,315-1,400koz at an AISC of $880-930/oz. Net earnings for Q3-2022 total $58m ($0.23/sh), with a cash position of $833m at quarter-end. A $100m dividend was paid in H1-2022, enhancing shareholder returns alongside a share buyback programme totaling $75m this year.

On November 7, 2022, Endeavour Mining received a notification from Van Eck Associates regarding their holdings as of November 4, 2022. Van Eck now holds 10.06% of voting rights, an increase from 9.99%. The notification covers various Van Eck funds, including the VanEck Gold Miners ETFs. The total number of voting rights amounts to 245,885,760. This acquisition reflects the growing investment interest in Endeavour Mining from Van Eck, signifying potential confidence in the company's future prospects.

Endeavour Mining has purchased 10,000 ordinary shares of USD 0.01 each at a price of 1,576.01 GBp per share from Stifel Nicolaus Europe Limited on 7 November 2022. This transaction is part of Endeavour's buy-back program announced on 17 March 2022. Following the cancellation of these shares, the total number of ordinary shares in issue will be 246,121,840. This number represents the total voting rights in the company, which shareholders can use for their calculations under the FCA’s Disclosure Guidance and Transparency Rules.

Endeavour Mining announced a total voting rights update as of 31 October 2022. The issued ordinary share capital stood at 246,136,840 shares with 251,000 shares in treasury pending cancellation. Consequently, the total number of voting rights is 245,885,840. This figure is crucial for shareholders as it serves as the denominator to determine when they need to notify changes in their interests under the UK's FCA rules.

Endeavour Mining reports a tragic incident at its Ity mine in Côte d’Ivoire, where a contractor died due to injuries from a blasting accident. The company prioritizes health and safety, extending condolences to the deceased's family and colleagues. An internal investigation will be conducted alongside local authorities. Although mining operations were temporarily halted, processing activities continued, and all operations have now resumed.

Endeavour Mining plc announced the purchase of 20,000 ordinary shares at a price of 1,501.96 GBp from Stifel Nicolaus Europe Limited on 20 October 2022. This transaction is part of the company's buy-back program initiated on 17 March 2022. Following the cancellation of these shares, Endeavour will have 246,687,653 ordinary shares in issue, eliminating the presence of treasury shares. This total will serve as the basis for any shareholder notifications under the FCA's regulations.

Endeavour Mining (OTCQX: EDVMF) will release its Q3-2022 financial results on 10 November 2022, prior to the LSE market opening. A conference call and webcast is planned for the same day at 8:30 am EST to discuss the financial outcomes. Access to the conference call is available through registration.

Endeavour invites analysts and investors to participate in the call, with playback options available on the company’s website.

Endeavour Mining has commenced construction of the Lafigué Project in Côte d'Ivoire, confirming its potential as a cornerstone asset. The Definitive Feasibility Study (DFS) revealed a 30% increase in reserves to 2.7 million ounces and a projected annual production of 203,000 ounces at a low all-in sustaining cost (AISC) of $871/oz over 12.8 years. The project boasts an after-tax NPV of $477 million and an IRR of 21% based on a $1,500/oz gold price. Endeavour anticipates first gold production in Q3-2024, while maintaining its commitment to robust shareholder returns through dividends and buybacks.

Endeavour Mining plc has announced its total voting rights as of 6 PM on September 30, 2022. The company had an issued ordinary share capital of 246,391,458 ordinary shares of US$0.01 each, with 171,167 shares held in treasury pending cancellation. The total number of voting rights stands at 246,220,291. This information complies with the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules, assisting shareholders in determining their notification obligations regarding interests in the company.