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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 agnjak9on Jan 12, 2004 5:27pm
209 Views
Post# 6880720

RE: Amazing quarterly results!!..

RE: Amazing quarterly results!!..Caution! Keep in mind that all of the net income from this first quarter ($26.6 million) is from "unrealized appreciation on investments" held by the company. This would be a real gain if these appreciated amounts are realistic and if the company had sold the investments. Take this "appreciation" out of the company and it would have been at a breakeven point. Still looks good for the company but the monies not in the bank, yet! It will be interesting to see how the auditors handle this situation in the yearend financials due to the large "appreciation" during the year. It could be that the financials are being delayed due to differences of opinion between management and the auditors! Cheers!
Bullboard Posts