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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining PLC is a gold mining company with operating assets across Senegal, Cote d'Ivoire and Burkina Faso. It has a portfolio of advanced development projects and exploration assets in the Birimian Greenstone Belt across West Africa. It operates Hounde, Ity, Mana, and Sabodala-Massawa Mines. The Ity Mine is located approximately 480 kilometers (km) northwest of Abidjan in southern Cote d'Ivoire. The Hounde Mine is located approximately 250 km southwest of Ouagadougou, the capital city of Burkina Faso. Its projects consist of Lafigue Project and Others. The Other projects includes Kalana, Bantou, and the Nabanga Project. The Kalana Project is located approximately 250 km south of Bamako, the capital city of Mali. The Bantou Project is part of the Dynikongolo permit which is located along the Hounde Greenstone Belt that hosts both the Mana and Hounde mines. The Nabanga project is an early-stage project which consists of three exploration permits covering 178.5 square kilometers.


TSX:EDV - Post by User

Comment by theCurseon Dec 21, 2023 11:54am
120 Views
Post# 35795875

RE:RE:RE:RE:RE:RE:RE:One step up, two steps down

RE:RE:RE:RE:RE:RE:RE:One step up, two steps down
Well said Dale.  As i have mentioned many times, holding gold companies (explorers or miners) is not a long term proposition imo.  in the past i have held on through cycles and it is painful and foolish.

Out in the high mid 30's - back in at the mid 20's - be around for the dividends.  Take  profits.  Much more success doing that over the last 7 yrs. 

Galnakon - it's like sticking your head in the sand if you don't care about the sector itself (GDX/J).  How can you point your finger and yell at a single participant when it's happening to all of them? 

The only problem with EDV is the elevated risk of West Africa...the reason for the discount compared to some others but that comes with it.  With the dividend, it outperforms the GDX/J consistently.   It would seem you are better buying the metal itself.

tC
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