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.
Endeavour Mining announced its purchase of 165,267 ordinary shares on 18 June 2021 at a price of 1,676.4005 GBp per share. This acquisition is part of a broader buy-back program initiated on 15 June 2021. Post-cancellation, the company will have 250,326,488 ordinary shares outstanding, with this number serving as the basis for shareholder voting rights. The repurchase aims to enhance shareholder value and reflects Endeavour's commitment to responsible mining practices across West Africa.
Endeavour Mining announces the application for a block listing of 2,121,121 ordinary shares on the London Stock Exchange (LSE), expected to be admitted on June 21, 2021. These shares will be reserved under a block listing for future issuance linked to the Company's share incentive plans. The block listing includes various replacement Teranga Stock Options with expiration dates from August 2021 to October 2023. Once issued, these shares will rank equally with existing shares, enhancing the Company's position in the market.
Endeavour Mining has announced the continuation of its share repurchase program, originally initiated by Endeavour Mining Corporation, allowing for the repurchase of up to 9,926,368 shares. As of June 15, 2021, 2,246,503 shares have already been repurchased, totaling approximately USD 53 million. The program, set to conclude on March 21, 2022, aims to enhance shareholder value through share cancellations. Trading may occur on both the Toronto and London Stock Exchanges, conducted by Stifel Nicolaus Europe Limited.
Endeavour Mining plc has announced the admission of its entire ordinary share capital of 250,491,755 shares to the premium listing on the London Stock Exchange (LSE) as of June 14, 2021. The shares will also trade on the Toronto Stock Exchange (TSX) under the ticker symbol EDV. This strategic move positions Endeavour as the largest pure gold producer in the premium segment of the LSE, granting access to a broader capital pool. The company targets a minimum dividend of $500 million by FY-2023, contingent upon gold prices remaining above $1,500/oz.
Endeavour Mining announces that the scheme of arrangement to create Endeavour Mining plc as its parent company has become effective. Each shareholder of Endeavour Mining Corporation will receive one share of Endeavour Mining plc for each share they hold. The shares will start trading on the LSE at 8:00 am (BST) on June 14, 2021, and on the TSX at 9:30 am (ET) on June 16, 2021. The stock will trade under the ticker symbol EDV.
Endeavour Mining has announced the appointment of corporate brokers ahead of its London Stock Exchange listing on June 14, 2021. The company has appointed Barclays as its sponsor and Morgan Stanley as a joint corporate broker. In addition, Joh. Berenberg and Stifel will serve as UK and European broking advisers. The listing is expected to enhance Endeavour's capital markets profile, as it does not plan to raise capital during this process. The prospectus related to the admission has been approved by the UK Financial Conduct Authority.
Endeavour Mining hosted a virtual capital markets event on June 7, 2021, detailing its strategy and ESG initiatives. The company announced a commitment to distribute over $500 million to shareholders through a progressive dividend policy, contingent on gold prices remaining above $1,500/oz. A share buyback program has already repurchased $49 million worth of shares. Additionally, Endeavour plans to strengthen its ESG strategy, reflecting its expanded scale following recent acquisitions, with aims for reduced emissions and significant community investments.
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.