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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 bustarhymeson Jul 07, 2014 10:34pm
424 Views
Post# 22723444

Gold Miners to return to hedging in 2014

Gold Miners to return to hedging in 2014As Gold Price stays above 1300 and looking at recent COT reports, commercials are going net short on COMEX, it seems like hedging is back. At this price, if EDV hedges, their net cash flow will be around $100 million per year, which equates to EPS of .25 That will be great news and I look forward to Neil's Q-2 conference. Miners will attract institutional money again as the uncertainty around price fluctuations is taking a big toll on the share price valuations. Here's the link: https://www.reuters.com/article/2014/07/04/gold-hedging-idUSL6N0PF2J82014...
Bullboard Posts