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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

Post by RONNIE111on Sep 21, 2020 6:54am
303 Views
Post# 31589921

The Future

The FutureLooks like gold price is permanetly stuck in the $1900's.  And it looks like gold companies like Endeavor aren't going up much without gold price going up.  So maybe it will take this announcement, sometime at the end of this year, from Endeavor that:
- the debt is all paid off
- that they expect to produce around 1.1 to 1.2 m oz Au in 2021 and if gold stays in the $1900's that whole year, the margin over cash costs will be around $1.3 or 1.4 billion.  The governments share of this, since the governments where they have mines own 10 or 20% of the mine, plus royalties and maybe a little corporate tax is ?.  So since I don't know what that number might be, for fun let's guess $400 million.  Leaving on the cautious side $900 million.  Which they will spend as follows:

- office  $50m
- a new  100,000 oz mine   $300m
- general exploration and development $140 m
- a dividend of a buck a share   $160 m
- cash reserves, rainy day fund, etc.  $240 m
-  huge party for all shareholders, workers, etc.  $10m

Just imagine what that announcement will do for the share price!


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