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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 Jun 08, 2016 2:26pm
436 Views
Post# 24947366

RE:Great new seeking alpha article (edv becomes new randgold)

RE:Great new seeking alpha article (edv becomes new randgold)A very good article - and it is the comparison against Randgold that caused me to hold my EDV position (with a little topslicing), considering the relative valuation.

However, the article's author is missing a trick or two... EDV does not need to make any more acquisitions to get past the 1Moz mark: forecasts in the presentation do not yet consider the Ity CIL project. That is expected to add at least 120koz of production - could be more, when we see the DFS in a few months time (or maybe sooner? - the latest presentation says "mid-2016"). All being well, management expects to start work on this as Hounde construction draws to a close.

On top of that we have a very substantial land package to explore: former TGM shareholders are very excited about the Liguidi prospect and we have quite a few others to explore too, which could lead to either expansion at existing mines or more new mines. We have been here before: Hounde came with the acquisition of Avion Gold.

Endeavour is not conducting a strategic review of its exploration activities for nothing!

Cheers,

Mark
Bullboard Posts