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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 marben100on Oct 31, 2014 5:08am
214 Views
Post# 23080435

RE:The Storms Keep on Coming .....

RE:The Storms Keep on Coming .....Combined with the tumbling gold price, not likely to be helpful to the market for EDV's shares! However, a delay to the Hounde permit when the POG is so weak is actually rather convenient for us. Luckily it is our smallest operation, Youga which is in BF, so the production impact, if any, should be modest.

I would hope that EDV wouldn't have any problems retaining its licences when a new government has been formed, as I believe it's community relations have been sound and its track record at Agbaou demonstrates its competence in mine building which is what any BF government will want to see for Hounde.

Add that new (perceived) risk to that of Ebola and the market isn't likely to be too keen on West African miners today. Suspect I might get an opportunity to pick up some more seriously cheap shares. :-/

Cheers,

Mark
Bullboard Posts