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 is set to host a virtual capital markets event on June 7, 2021, ahead of its anticipated listing on the London Stock Exchange on or about June 14, 2021. The event will showcase senior management presentations detailing the company's strategy, competitive edge, and ESG initiatives, followed by a live Q&A. Scheduled to start at 14:00 BST (9:00 EST), attendees can join via a registered webcast or dial-in. Endeavour Mining, the largest pure gold producer in West Africa, operates in several countries and emphasizes responsible mining practices.
Endeavour Mining Corporation announced successful shareholder meetings held on May 25, 2021. All resolutions related to its upcoming listing on the London Stock Exchange (LSE) on June 14, 2021, were approved. The company will not raise capital during this listing. The meeting also confirmed the appointment of Dr. Carmen Letton to the Board, enhancing technical expertise. Shareholder voting showed overwhelming support for the new UK parent company scheme, with 99% in favor. The company expects greater investor access and inclusion in major indices, enhancing its market presence.
Endeavour Mining reported robust Q1-2021 results with a 102% increase in gold production to 347koz and a 3% decrease in All-in Sustaining Costs (AISC) to $868/oz. Adjusted net earnings rose by 111%, reaching $105m or $0.50/share. Operating cash flow before working capital surged 47% to $265m. The company maintains a healthy balance sheet with a 0.16x net debt to adjusted EBITDA ratio. A $60m dividend was paid and share buybacks initiated post-quarter-end. Anticipation builds for a premium listing on the London Stock Exchange in June.
Endeavour Mining Corporation has announced that its 2021 Annual General Meeting (AGM) will take place on May 25, 2021. Alongside the AGM, the company will hold a Court Meeting and an Extraordinary General Meeting regarding its proposed listing on the London Stock Exchange. Shareholders will receive meeting materials by post after April 30, 2021, and proxy forms must be submitted by 9:00 am Toronto time on May 21, 2021. The meetings will be conducted virtually due to the COVID-19 pandemic.
Endeavour Mining (TSX:EDV, OTCQX:EDVMF) will announce its Q1 2021 financial results on May 13, 2021, before the market opens. A conference call and webcast will follow at 8:30 AM ET for discussion and Q&A. Analysts and investors can access the webcast via this link, with dial-in numbers provided for participation. The conference details include timings across various time zones. Playback will be available on Endeavour's website.
Endeavour Mining Corporation has successfully completed a US$200 million investment from La Mancha Holding, issuing 8,910,592 shares at approximately US$22.45 (C$29.36) per share. This investment, part of the Teranga Gold acquisition announced on November 16, 2020, gives La Mancha a 19% stake in Endeavour. The proceeds will be utilized for debt reduction and general corporate purposes. Following the investment, Endeavour has 252,519,830 shares outstanding. The investment was approved by Endeavour shareholders on January 21, 2021.
Endeavour Mining (TSX:EDV, OTCQX:EDVMF) reported record financial results for FY-2020, highlighting a 148% increase in operating cash flow and a significant net debt reduction of $603 million, achieving a net cash position of $75 million. Q4-2020 saw record gold production of 344koz, a 41% increase over the previous quarter, while all-in sustaining costs (AISC) decreased by 11% to $803/oz. Adjusted net earnings surged 368% to $345 million for the full year. The company plans a buyback program and aims for a premium listing on the London Stock Exchange.
Endeavour Mining Corporation announces approval for a Normal Course Issuer Bid (NCIB) to repurchase up to 12,172,871 ordinary shares, representing 5% of its outstanding shares. The NCIB, effective from March 22, 2021 to March 21, 2022, aims to enhance shareholder value and support dividend policies. The average daily trading volume is noted at 661,069 shares, allowing daily repurchases of up to 165,267 shares. Endeavour has initiated an automatic share purchase plan to facilitate these transactions efficiently.
Endeavour Mining has raised its 2021 production guidance by 50% to between 1.4 and 1.5 million ounces, following the integration of the Sabodala-Massawa and Wahgnion mines. The all-in sustaining cost (AISC) guidance has decreased to $840 - $890 per ounce, down by $40. The exploration budget is also increased by 40% to between $70 to $90 million, focusing on new and existing assets. The Phase 1 expansion of the Sabodala-Massawa mine is expected to complete by year-end, with a Definitive Feasibility Study for Phase 2 also underway.
Endeavour Mining has reported positive Pre-Feasibility Study (PFS) results for both the Fetekro and Kalana projects, signaling strong organic growth. The Fetekro project shows potential for over 200,000 ounces per annum with a low all-in sustaining cost (AISC) of $838/oz and an after-tax NPV of $479 million based on a $1,500/oz gold price. Similarly, the Kalana project could yield 150,000 ounces per year at an AISC of $901/oz and an NPV of $331 million. Both projects indicate robust economics and aim to advance to the Definitive Feasibility Study (DFS) phase.