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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 bustarhymeson Aug 14, 2014 3:18pm
382 Views
Post# 22843194

RE:Wow

RE:Wow
I do not think this is because of the Q2 earnings report. I saw the BNN clip from yesterday as well as read the SH article on EDV. I get a sense that they are seriously looking at Hounde as the next strategic step for the company. That means another 300+ million CAPEX. I am kind of disappointed as there was no talk about how they will be paying down debt going forward. The market sees financing coming on the horizon if Hounde is going through. I would have much preferred that they made paying down debt their top priority at this time as Gold Price environment is very uncertain in the short - medium term. I hear them talking about more growth and that may unnerve the market a bit.

JMHO.
Bullboard Posts