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 published its 2021 Annual Report and financial statements for the year ending December 31, 2021. The report is available on the company’s website and hard copies will be mailed to shareholders upon request. In compliance with listing regulations, a copy of the report is also submitted to the National Storage Mechanism for public inspection. Further announcements regarding the 2022 Annual General Meeting will follow.
Endeavour Mining announced the appointment of Alison Baker as a non-executive director of Capstone Copper Corporation, effective from March 23, 2022. This announcement complies with UK Listing Rule 9.6.14. Endeavour Mining is recognized as a leading gold producer and the largest in West Africa, with assets across Senegal, Cote d'Ivoire, and Burkina Faso. The company emphasizes responsible mining and sustainable value creation.
Endeavour Mining announced the purchase of 81,200 ordinary shares at a price of CAD 31.32 each through Stifel Nicolaus Europe Limited on 23 March 2022. Following the cancellation of these shares, the total number of issued shares will be 249,098,593, with no shares remaining in treasury. This buyback is part of a previously announced buy-back program initiated on 15 June 2021. The move aims to enhance shareholder value and indicates the company's commitment to returning capital to shareholders.
Endeavour Mining has announced the purchase of 50,000 ordinary shares at a price of 31.75 CAD each as part of its ongoing buy-back program. The transaction occurred on 22 March 2022, with Stifel Nicolaus Europe Limited acting as the investment firm. Following this buyback, Endeavour will have 249,025,893 ordinary shares in issue, which will serve as the basis for shareholder voting rights. This initiative aims to enhance shareholder value while indicating the company's commitment to returning capital.
On March 18, 2022, Endeavour Mining announced the purchase of 18,900 ordinary shares at a price of CAD 31.10 each, executed by Stifel Nicolaus Europe Limited. Following the cancellation of these shares, the total number of ordinary shares will be 249,075,893, with that figure representing the total voting rights in the Company. This buyback is part of a program initiated on June 15, 2021. This transaction allows shareholders to assess their interests under the FCA's regulations.
Endeavour Mining reported record FY-2021 results with gold production of 1.54Moz at an AISC of $885/oz, marking a 69% increase from FY-2020. The company generated $1.2 billion in operating cash flow and returned $278 million to shareholders through dividends and buybacks. Despite a net loss of $103 million in Q4-2021 due to a $259 million impairment, adjusted net earnings rose to $577 million for FY-2021. With a healthy cash position of $76 million, Endeavour focuses on organic growth and plans a $150 million minimum dividend for FY-2022.
Endeavour Mining plc has appointed Srinivasan Venkatakrishnan as Chair and Ian Cockerill as Senior Independent Director, effective May 24, 2022. Venkat succeeds Michael Beckett, who is retiring after 12 years. These appointments reflect Endeavour's commitment to high corporate governance standards, aligning with the UK Corporate Governance Code. Venkat, an industry veteran with over 30 years of experience, aims to build on the company's success, while Cockerill brings extensive operational experience from his previous roles in major mining firms.
Endeavour Mining plc announced the purchase of 85,000 ordinary shares at a price of CAD 31.32 each on March 15, 2022, through Stifel Nicolaus Europe Limited. Following the cancellation of these shares, Endeavour will have no treasury shares, leaving 249,094,793 shares outstanding, which shareholders can use for interest calculations under FCA rules. This buyback is part of a previously announced program from June 15, 2021.
Endeavour Mining has successfully closed the sale of its 90% interest in the non-core Karma mine in Burkina Faso to Néré Mining for up to $25 million plus a 2.5% NSR royalty. The deal aligns with Endeavour's strategy of focusing on high-margin assets. The initial payment of $10 million has been received, with additional payments contingent on gold prices. Following this sale, Endeavour has adjusted its 2022 production guidance from 1,400-1,500koz to 1,315-1,400koz and reduced its AISC guidance by $10/oz.
Endeavour Mining plc announced the repurchase of 100,000 ordinary shares at a price of 32.49 CAD per share on 10 March 2022. This share buyback is part of the company's ongoing buy-back program initiated on 15 June 2021. Following the cancellation of these shares, Endeavour Mining will have 249,074,543 ordinary shares remaining in issue, impacting the total voting rights.