Endeavour Mining Stock Price, News & Analysis

Endeavour Mining announced its total voting rights in accordance with the UK FCA's rules. As of 6pm on 30 September 2021, the company had 249,128,987 ordinary shares issued, with 110,000 shares held in treasury, resulting in a total of 249,018,987 voting rights. The company has also issued 4,450,000,000 deferred shares without voting rights, intended for a future capital reduction.

Shareholders should utilize the total voting rights figure for interest notifications under FCA regulations.

Endeavour Mining plc announces a $500 million offering of fixed-rate senior notes due 2026. Proceeds will be used to repay a $370 million bridge loan and $130 million from an existing revolving credit facility. Additionally, the company will enter a new revolving credit facility, potentially increasing from $500 million to $650 million for general corporate purposes. This strategic move aims to improve financial flexibility and reduce debt costs. Endeavour is a leading gold producer in West Africa, committed to responsible mining and community sustainability.

Endeavour Mining targets the discovery of 15-20 million ounces of indicated resources over the next five years at an average cost of less than $25/oz. Near-mine exploration will extend the life of core assets beyond ten years, while greenfield exploration aims to identify at least one new standalone project. The group expects to discover over 2.5Moz of indicated resources in 2021 alone. Key mining areas include Sabodala-Massawa, Houndé, and Ity, with significant potential for resource growth.

Endeavour Mining announced the purchase of 110,000 ordinary shares at a price of 1,688.64670 GBp each on 29 September 2021. This buyback is part of a previously announced program from 15 June 2021. After cancellation of these shares, the total number of ordinary shares in issue will be 248,999,595, affecting the voting rights accordingly. No ordinary shares will remain in treasury post-transaction. This strategic move aims to enhance shareholder value and reflects Endeavour's commitment to returning capital to shareholders.

On September 20, 2021, Endeavour Mining PLC received a notification from BlackRock, Inc. indicating a change in their voting rights. As of September 17, 2021, BlackRock's total interest reached 12.64%, comprising 11.73% from direct holdings and 0.91% from financial instruments. This marks an increase from their previous holding of 11.48%. BlackRock's significant shareholding may influence corporate decisions. The notification details the structured chain of control through which BlackRock holds voting rights in the company.

Endeavour Mining has announced the purchase of 40,000 ordinary shares at a price of 1,704.62790 GBp each on 15 September 2021. Following this transaction, the company will not hold any treasury shares, resulting in 249,109,595 ordinary shares outstanding. This buyback is part of a broader program initiated on 15 June 2021. The total voting rights available will be 249,109,595, which shareholders should consider when assessing their interest in the company.

Endeavour Mining announced that all resolutions were passed at the extraordinary general meeting held on September 9, 2021. Key resolutions included a special resolution for capital reduction, receiving 99.98% votes in favor, and an ordinary resolution for tracker shares linked to the performance share plan with 97.67% support. The total shares voted were 249,115,023, and the capital reduction is pending approval from the UK High Court. These moves are intended to enhance shareholder value and streamline operations.

Endeavour Mining announced on September 6, 2021, the purchase of 17,300 ordinary shares on September 3, 2021, at a price of 1728.60 GBp each from Stifel Nicolaus Europe Limited. This buy-back aligns with Endeavour's strategy to enhance shareholder value as part of its announced buy-back program on June 15, 2021. Post-cancellation, the company will have 249,110,856 ordinary shares outstanding, representing the total voting rights for shareholders. This strategic move aims to support share price stability and investor confidence.

Endeavour Mining has announced total voting rights as of 6 PM on August 31, 2021. The company’s issued share capital comprises 249,988,201 ordinary shares of US$0.01 each, with 722,345 shares held in treasury pending cancellation. Consequently, the total number of voting rights stands at 249,265,856. Shareholders may use this figure for determining their interest notifications under the FCA's Disclosure Guidance and Transparency Rules.