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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
Comment by bullbleepon Mar 07, 2013 9:58am
191 Views
Post# 21093172

RE: RE: RE: RE: RE: RE: RE: IR (Marla) Recent Resp

RE: RE: RE: RE: RE: RE: RE: IR (Marla) Recent Resp

no arguements here. My concern is even more basic. I think there is a misconception between 'cash flow from the mine' which consists of revenues, less royalties and 'cash mine costs', on a per mine basis, and 'operating cash flow', which brings the cash flow back to corporate, where items like interest, exploration, admin and taxes are paid. Between those two numbers is the bust....IMO. I think your OCF guestimate of $200M + for 2013 is way too high. Q1 results will tell us and give us a better indication. 

Bullboard Posts