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.
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.
On December 1, 2021, Endeavour Mining PLC received a notification from BlackRock, Inc. regarding its voting rights in the company as of November 30, 2021. BlackRock's total voting rights now amount to 10.8%, a decrease from the prior 11.91%. This includes 9.73% from shares and 1.07% from financial instruments. The notification reflects an acquisition or disposal of voting rights, indicating a strategic shift by BlackRock. The announcement did not specify the reason for the changes in voting rights, raising speculation in the market.
Endeavour Mining announced the purchase of 120,100 ordinary shares at a price of 1,678.66380 GBp on December 6, 2021, via Stifel Nicolaus Europe Limited. This buyback is part of a program initiated on June 15, 2021. Following the cancellation of these shares, the total number of ordinary shares will be 248,478,222, affecting the voting rights of shareholders. The shares are part of Endeavour's commitment to enhance shareholder value through strategic financial maneuvers.
Endeavour Mining has announced a new automatic share purchase plan in relation to its existing Normal Course Issuer Bid (NCIB). This program enables the repurchase of shares when the company is usually inactive in the market due to regulatory or internal trading restrictions. 4,321,531 shares have been repurchased since April 2021, totaling approximately CAD 126 million (about US$ 101 million). The initiative aims to enhance shareholder value while adhering to compliance regulations.
Endeavour Mining announced the purchase of 122,000 ordinary shares on December 2, 2021, from Stifel Nicolaus Europe Limited. The shares were acquired at a lowest and highest price of 1701.06130 GBp. Following the cancellation of these shares, the total number of ordinary shares in issue will be 248,613,422, affecting voting rights. This buyback is part of a previously announced buy-back program initiated on June 15, 2021.
Endeavour Mining plc has announced the purchase of 105,000 ordinary shares on November 29, 2021, as part of its ongoing buy-back programme initiated on June 15, 2021. The shares were bought at a fixed price of 1,762.34160 GBp. Following the purchase and subsequent cancellation, the company will have 248,735,422 ordinary shares in issue, contributing to the total voting rights available for shareholders. This move aims to enhance shareholder value and demonstrates the company's commitment to returning capital to its investors.
Endeavour Mining reported strong Q3-2021 results, producing 382koz of gold at an All-In Sustaining Cost (AISC) of $904/oz. Year-to-date production reached 1,138koz with an AISC of $875/oz, positioning the company to exceed its FY-2021 guidance of 1.365-1.495koz. Adjusted net earnings were $153m ($0.61/share) for Q3 and $429m ($1.81/share) year-to-date. The balance sheet remained healthy with a net debt of $70m. Shareholder returns included a $70m interim dividend and $94m in share buybacks. Positive exploration updates are anticipated for Q4-2021.
On October 14, 2021, Endeavour Mining PLC received a notification from BlackRock, Inc., declaring its interests in the company as of October 13, 2021. BlackRock's total voting rights in Endeavour Mining increased to 11.92%, comprising 10.82% from direct voting rights and 1.10% from financial instruments such as securities lending. This reflects a slight decrease from a previous holding of 12.01%. The notification indicates a significant acquisition, suggesting BlackRock's ongoing confidence in Endeavour Mining's potential.
Endeavour Mining plc has disclosed a significant acquisition transaction involving La Mancha Investments SARL, closely associated with Director Naguib Sawiris. On October 7, 2021, La Mancha acquired 10,000,000 debt instruments at a price of 98.913 USD each, totaling 9,891,300 USD. This transaction was executed on the GEM Market of Euronext Dublin. The notification highlights the ongoing investment interests of the company's key stakeholders in alignment with its growth strategy.
On October 6, 2021, Endeavour Mining PLC revealed a notification from BlackRock, Inc. regarding its interest in the company as of October 5, 2021. BlackRock acquired a total of 12.44% voting rights, comprised of 11.33% through shares and 1.11% via financial instruments. This represents a decrease from their previous holding of 12.64%. The notice pertains to regulatory requirements for significant changes in ownership stakes, indicating BlackRock's ongoing investment strategy in Endeavour Mining.
Endeavour Mining has announced the purchase of 17,000 ordinary shares at a price of 1,659.31140 GBp each on October 6, 2021, as part of its previously announced buy-back program from Stifel Nicolaus Europe Limited. Following this transaction, there will be 248,979,887 ordinary shares in issue. The total voting rights will remain at this figure, applicable for shareholder calculations under FCA's Disclosure Guidance. These developments are part of Endeavour's strategic initiatives aimed at enhancing shareholder value.