Endeavour Mining plc T.EDV

Disappointed - where are the resource updates?

[marben100]

Whilst Endeavour usually delivers on its promises, I am disappointed that it has not made the promised announcements re resource upgrades.

In the Q3 presentation, Endeavour promised resource updates for Sabodala-Massawa, Hounde, Ity and Fetekro in Q4 this year.

At that presentation, they also announced that the Fetekro and Sabodala-Massawa phase 2 DFSs would slip into Q1 of 2022 (previously also due in Q4 this year), to allow the new resources to be fully incorporated.

I'm quite excited by these announcements - let's hope that they're worth waiting for, and that the resource updates materialise early in January!

Happy New year to all Endeavour shareholders.

Best,
Mark

[RONNIE111]

Maybe Mark , Endeavour is waiting for a more auspicious time to release what might be some pretty important updates. For the past three weeks probably, traders have been more concerned with other things: drinking, parties, presents, and more drinking.  Today the total move on the TSX looks to be less than a hundred thousand shares.   It seems to me in the past year Endeavour

[marben100]

Hi Ronnie, Thanks for the article (your link seems to work fine). Under the UK listing rules, I don't believe Endeavour has meaningful discretion over when to release inside information, such as resource updates. I believe that such reports have to be released as soon as complete and approved. Best, Mark

[marben100]

The updates are out and looking decent: https://www.investegate.co.uk/endeavour-mining-corporation--edv-/gnw/endeavour-achieves-record-annual-discoveries-with-addition-of-3.0moz-of-m-i-and-0.9moz-of-inferred-resources/20220117070000H9310/ New discoveries ~ double annual depletion. Fetekro increase in plant size to match increased resources suggests a 250koz p.a. asset vs 200koz p.a

[marben100]

I also note this comment re Hounde: Given the significant resources defined over recent years and its current long mine life , we will study the potential to bring forward production . With over 5Moz of resources (net of 2021 depletion), looks to me like there's scope to expand the plant to 400koz of annual production. So in summary, we have the followng organic projects lined up