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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based senior gold producer with operating assets across Senegal, Cote d’Ivoire and Burkina Faso. The Company has a portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. It operates mines that include Hounde Mine, Ity Mine, Mana Mine and Sabodala-Massawa Mine. The Hounde Mine is located approximately 250 kilometers (kms) southwest of Ouagadougou, the capital city of Burkina Faso. The Hounde Mine is owned by the Company (90%) and Government of Burkina Faso (10%). It owns approximately 85% of Ity Mine, which is located 480 kms northwest of Abidjan in southern Cote d'Ivoire. The Mana Mine is located approximately 200 kms west of Ouagadougou, the capital of Burkina Faso. The Sabodala-Massawa Mine is approximately 640 kms southeast of Dakar, the capital of Senegal. It owns approximately 80% of the Lafigue project. Its other projects include Kalana, Bantou and Nabanga.


TSX:EDV - Post by User

Bullboard Posts
Post by bullbleepon Sep 27, 2012 10:23pm
597 Views
Post# 20423243

Information Circular

Information Circular

I know, mostly boilerplate legals, but there is some interesting stuff to look at in this. Check out the 'historical' pro-forma statements showing what EDV and AVR did this past 6 months on their own. Combined is $1.5B in assets, over $1.0B in equity ! $233M in gold sales in 6 months, cash flow after exploration costs is $84M.......in 6 months ! And all when AVR wasn't doing that well. Going from 300k ounces a year to 450k in a few years......its a great story.

Bullboard Posts