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Endeavour Mining plc reports developments tied to its West African gold mining portfolio, including operating results, production guidance, project development and exploration activity. The company is a senior gold producer with operating assets in Senegal, Côte d’Ivoire and Burkina Faso, and a portfolio of advanced development projects and exploration assets in the Birimian Greenstone Belt.
Recurring company announcements also cover capital returns and UK market disclosure obligations, including transactions in own shares, total voting rights, major shareholding notifications and director or PDMR shareholding notices. Updates may also address governance, sustainability and stakeholder matters associated with its mining operations and exchange listings.
Endeavour Mining announced its total voting rights as of 30 November 2022, in compliance with the UK FCA's Disclosure Guidance. The company reported an issued ordinary share capital of 245,935,263 ordinary shares with no shares held in treasury. This total represents the number of voting rights available to shareholders for calculating their interest in the company.
Endeavour Mining is recognized as one of the largest gold producers in West Africa, with a strong commitment to responsible mining and sustainability.
Endeavour Mining announced a significant 17% increase in the Measured and Indicated (M&I) resources at its Ity mine, totaling 99Mt at 1.62 g/t Au, equating to 5.2Moz. This increase is attributed to successful drilling that confirmed the continuity of the mineralized system encompassing seven deposits, with further exploration expected in 2023. The company aims to discover between 3.5-4.5Moz of Indicated resources by 2025, having already identified 2.0Moz in the past two years. The Ity mine continues to exceed production guidance, showcasing Endeavour's commitment to long-term growth.
Endeavour Mining has announced a 17% increase in the Measured and Indicated (M&I) resources at its Ity mine, rising to 5.2 million ounces of gold. The updated resource estimates total 99 million tonnes at 1.62 g/t Au. Key findings include confirmed extensions of existing deposits and new discoveries, bolstering future resource delineation plans. Endeavour is on track to meet its goal of identifying an additional 3.5 to 4.5 million ounces of indicated resources by 2025, with production guidance set to exceed annual targets of 255,000 to 270,000 ounces.
Endeavour Mining plc announced a transaction by Non-Executive Director Srinivasan Venkatakrishnan on 14 November 2022. Venkatakrishnan acquired 6,000 ordinary shares at a price of £16.71 per share, totaling £100,260. This notification is a standard disclosure regarding transactions by individuals with managerial responsibilities, reflecting the ongoing commitment and confidence of board members in the company's performance.
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.