Endeavour Mining plc T.EDV

Dividend and Listing Highlights

[mercedesman]

https://stockhouse.com/news/press-releases/2021/06/07/endeavour-hosts-capital-markets-event-today

HIGHLIGHTS: 

• Strong commitment to shareholder returns 
  • Implementation a minimum progressive dividend policy targeting to distribute +$500 million through to 
    FY-2023, which is expected to be supplemented if the gold price remains above $1,500/oz 
  • Share buyback program well underway with $49 million of shares already repurchased in April and May 
• Launch of a n augmented ESG strategy to reflect Company’s increased scale following recent acquisitions 
  • Strong focus on investing in host countries with the establishment of the Endeavour Foundation which will supplement the ongoing efforts of ECODEV, Endeavour’s economic development fund 
  • While Endeavour has one of the lowest greenhouse gas emissions intensities across senior gold producers, as part of its journey to net zero by 2050, a roadmap is underway to reduce its intensity by 30% by 2030 
• Listing on the Premium Segment of the London Stock Exchange remains on track for on or about June 14 

[marben100]

...more specifically: Minimum dividends set at $125 million, $150 million, $175 million for FY-2021, FY-2022, and FY-2023 respectively (which represents approximately $0.50/sh, $0.60/sh, $0.70/sh respectively based on current shares outstanding), up from its inaugural FY-2020 dividend of $60 million or $0.37/sh, payable semi-annually provided that the gold price remains above $1,500/oz.

[mercedesman]

Sorta fits with the "sea of green" on Cdn Insider trades. Not only the almost $ 50M in buybacks, but also a couple of insider buys on May 19th (L.Sawiris and La Mancha Holdings) totalling over $ 700k. Seems to be waking up (just like inflation) - just in time for a whole new audience (LSE) MM