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.
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Endeavour Mining plc announced that all resolutions were passed during its Annual General Meeting (AGM) on May 24, 2022. The CEO, Sébastien de Montessus, acknowledged Michael Beckett for his contributions upon retirement and welcomed new board members Venkatakrishnan Srinivasan and Ian Cockerill. Notably, the Directors’ Remuneration Policy saw over 90% support, while the annual report on directors' remuneration received only 70% support, prompting further shareholder engagement. The total issued shares were 248,646,262, with a 79.79% voting turnout.
On May 17, 2022, Endeavour Mining received a notification from BlackRock detailing its interests in the company as of May 13, 2022. BlackRock reported holding 11.5% of voting rights attached to shares, amounting to 28,505,624 shares. Additionally, 0.34% of voting rights are held through financial instruments, totaling 862,782 rights. These adjustments mark a decrease from its previous position, which was 12.23%. This update is crucial for investors as it reflects changes in significant shareholders and their impact on the company's governance.
On May 20, 2022, Endeavour Mining announced the purchase of 100,000 ordinary shares at a price of CAD 28.07 each from Stifel Nicolaus Europe Limited. The transaction, part of a buy-back program initiated on March 17, 2022, will result in the cancellation of these shares, leaving 248,332,362 ordinary shares in issue. This figure represents the total voting rights available to shareholders, which is crucial for compliance with the FCA's Disclosure Guidance and Transparency Rules.
Endeavour Mining has announced its total voting rights as part of compliance with the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6. As of April 30, 2022, the company’s issued share capital consisted of 247,933,704 ordinary shares, with 113,900 shares held in treasury. Thus, the total number of voting rights is 247,819,804, which shareholders can use to determine their interest notification obligations.
Endeavour Mining reports strong Q1-2022 results, producing 357koz of gold at an AISC of $848/oz, a 14% increase in production compared to Q1-2021. Adjusted net earnings rose to $122m, up 21%, while operating cash flow increased by 23% to $299m. The net cash position improved by $90m to $167m. The company continued its shareholder returns program, paying out $70m in dividends and repurchasing $31m in shares. With ongoing expansions and exploration initiatives, Endeavour remains well-positioned to meet its FY-2022 guidance of 1,315-1,400koz.
Endeavour Mining has announced the purchase of 2,900 ordinary shares as part of its buy-back program. The shares, purchased on 29 April 2022 from Stifel Nicolaus Europe Limited, were acquired at a price of 30.65 CAD. Following this transaction, Endeavour will have no ordinary shares in treasury and a total of 248,431,112 ordinary shares in issue, which will be the figure used for voting rights calculations.
This buy-back program was initially announced on 17 March 2022.
Endeavour Mining announced a purchase of 11,000 ordinary shares on 28 April 2022, executed through Stifel Nicolaus Europe Limited, at a uniform price of 31.16 CAD per share. Upon cancellation of these shares, the company will have 248,434,012 shares in issue and no shares in treasury. This buyback forms part of the company's ongoing buy-back program initiated on 17 March 2022. The total number of voting rights will be 248,434,012, which shareholders can use for their interest notifications under FCA regulations.
Endeavour Mining plc announced the purchase of 45,000 ordinary shares at a price of 31.39 CAD each on 27 April 2022, as part of its previously announced buy-back program. Following the cancellation of these shares, Endeavour will have 248,445,012 ordinary shares in issue, impacting total voting rights. The buy-back program aims to enhance shareholder value and is a strategic move in the context of the company's ongoing operations in West Africa.
On April 25, 2022, Endeavour Mining plc received a notification from BlackRock, Inc. regarding their shareholding changes as of April 22, 2022. BlackRock reported holding 12.33% of Endeavour Mining's voting rights, consisting of 11.80% from direct shares and 0.53% from financial instruments. This indicates an increase from previous holdings of 12.08%. The notification includes details on the acquisition of voting rights and the full chain of controlled undertakings under BlackRock, reflecting its ongoing investment strategy in the mining sector.