Welcome to our dedicated page for Endeavour Mining news (Ticker: EDVMF), a resource for investors and traders seeking the latest updates and insights on Endeavour Mining stock.
The news feed for Endeavour Mining plc (OTCQX: EDVMF; LSE: EDV; TSX: EDV) brings together the company’s regulatory and market announcements related to its activities as a gold producer in the Basic Materials sector. Endeavour Mining describes itself as one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a portfolio of advanced development projects and exploration assets in the Birimian Greenstone Belt.
Visitors to this page can review company communications on topics such as transactions in its own shares under a buy-back programme, updates on total voting rights, and TR-1 notifications of major holdings from institutional investors. Recent examples include detailed reports of share repurchases executed by Stifel Nicolaus Europe Limited, together with the resulting changes in the number of ordinary shares in issue and total voting rights, as well as notifications from BlackRock, Inc. and La Mancha Resource Capital LLP regarding their voting interests in the company.
The news stream also covers governance developments, including announcements about the appointment of Independent Non-Executive Directors and the planned retirement of existing board members. These disclosures highlight the experience of new directors in the global extractive industry, finance, risk management, audit, governance, strategy and sustainability, reflecting the board’s role in overseeing a gold producer with operations across multiple West African jurisdictions.
By following Endeavour Mining’s news, investors and observers can see how the company communicates its responsible mining commitments as a member of the World Gold Council, manages its capital structure through buy-backs, and reports changes in significant shareholdings. This page can be revisited regularly to read the latest official announcements and historical updates related to EDVMF and its primary listings in London and Toronto.
Endeavour Mining has announced its total voting rights as of March 31, 2023. The company reported an issued capital of 247,566,470 ordinary shares, with 43,000 shares held in treasury, resulting in a total of 247,523,470 voting rights. This information is pertinent to shareholders for determining their notification obligations under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Endeavour is a significant player in the gold production sector, primarily operating in West Africa. The company emphasizes responsible mining and sustainable value generation for its stakeholders.
Endeavour Mining has announced its 2023 Annual General Meeting (AGM) scheduled for May 11, 2023, at 3:00 PM GMT / 10:00 AM EST. The meeting will be held in London and will allow shareholders to join via an electronic platform.
The Notice of AGM, along with the Management Information Circular and Form of Proxy, has been distributed to shareholders in compliance with UK Listing Rule 9.6.1. Documents are accessible for inspection via the National Storage Mechanism and on Endeavour's official website.
Endeavour Mining is a leading gold producer in West Africa, and emphasizes responsible mining practices. The company operates in several countries, including Senegal, Cote d'Ivoire, and Burkina Faso.
Endeavour Mining announced on March 23, 2023 the purchase of 25,000 ordinary shares at a price of 1,760.58 GBp per share as part of its buyback program initiated on March 20. The transaction was executed through Stifel Nicolaus Europe Limited on March 22. Following the cancellation of the repurchased shares, Endeavour will have 247,485,885 ordinary shares in issue, without any shares in treasury. This figure is crucial for shareholders in determining their interest notifications under the FCA's Disclosure Rules.
Endeavour Mining plc announced on March 20, 2023, the renewal of its Normal Course Issuer Bid (NCIB) for share repurchases, approved by the Toronto Stock Exchange. The NCIB allows Endeavour to repurchase up to 5% of its outstanding shares, totaling 12,387,688 shares, over the next 12 months. The previous NCIB, effective from March 22, 2022, allowed for the purchase of 12,458,989 shares, with 3,864,238 shares acquired at an average price of CDN$ 27.56. Endeavour views this as a strategic use of funds to reflect the company's value amidst market fluctuations.
On March 16, 2023, Endeavour Mining plc disclosed that BlackRock, Inc. crossed a significant shareholder threshold, owning a total of 11.98% of the company's voting rights as of March 13, 2023. This interest comprises 11.91% from direct shares and 0.07% via financial instruments. BlackRock's previous holding was 12%, indicating a minor decrease. The notification is part of regulatory requirements for major holdings, reflecting BlackRock's commitment to maintaining a significant stake in Endeavour Mining.
Endeavour Mining has published its 2022 Annual Report and audited financial statements for the year ending 31 December 2022, available on its website. In compliance with listing regulations, the report is submitted to the National Storage Mechanism for inspection. Shareholders opting for hard copies will receive them in due course. The report includes comprehensive financial data essential for shareholders and investors. An announcement for the 2023 Annual General Meeting will follow shortly.
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.