Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by RONNIE111on Jan 15, 2021 7:13am
213 Views
Post# 32304201

RE:RE:RE:RE:RE:Teranga reported highest quarterly output.

RE:RE:RE:RE:RE:Teranga reported highest quarterly output. I agree that nobody with EDV would be interested in a takeout of EDV, unless the price was maybe triple what it is now, which wont happen.  

Continuing with my comparison thing, and do realize it is a very incomplete comparison, lets look at Barrick Gold.  So Barrick produced 4.8 mil oz in 2020.  It has an AISC similiar to EDV, a dividend of .68% at todays share price, no plans to increase productionin the next 10 years, no debt problems, a little copper production which generates little income at todays copper prices, a pretty spotty record in my opinion with stuff like Acacia too typical of how they operate in my opinion, and a market cap today of $54 bill C.  So production of about 3 times EDV, assuming EDV stays at 1.5 mil, but a MC of 7 times EDV post Teranga merger and at  todays share price.  
And yes I might be missing something, but not sure what that would be.  What's missing is that EDV's share price and MC should be double what it is now, to be in the same range as other large gold miners.  
<< Previous
Bullboard Posts
Next >>