Endeavour Mining plc T.EDV

Alternate Symbol(s): EDVMF

Metals & Mining Gold

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.

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Endeavour Mining plc

Bullboard Posts

Comment by symboton May 12, 2009 4:08am

345 Views

Post# 15985411

RE: March 31 Results

I agree that this is a pretty positive report. It is nice to see that they were profitable during the turbulent times.

I expect a mildly positive reaction when the market opens, but the lawsuit they are facing adds a lot of extra uncertainty to an already risky investment.

On the other hand, markets performed well during April and May so NAV is likely higher than $2.88 today. Maybe they will reveal the current NAV on the conference call...

Bullboard Posts

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