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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 25, 2020 10:23pm
278 Views
Post# 31624591

Gold Price

Gold PriceLooks like the market can't decide which way gold price should go.  Today I had $1860 as my break point.  Much above that and the correction is over, much below that and the pullback is on.  So of course gold closes for the weekend at $1860.

And EDV share price is totally tied to price of gold, because EDV is totally tied to GDX, given the always low volume in EDV, and GDX is pretty much 100% tied to Gold price.
It is pretty much the same for all gold miners.

And these days there are so many novice investors , with interest rates at zero, bonds looking very shaky, that leaves general stocks, gold and bitcoin .  

Pretty much everyone thinks gold is good longterm, and probably mid term, but short term I think there is some hesitation because of what happened in March.  The stock markets bubble keeps growing ever more dangerous.  If it explodes like in March, gold would suffer too,  for a short while.  
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