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.

TSX:EDV - Post by User

Endeavour Mining plc

Bullboard Posts

Comment by gildageon Jan 22, 2013 12:18pm

258 Views

Post# 20872480

RE: RE: CF Projn

Just pointing out that a $200 increase in the price of gold will make about $60 million increase in the margin...and when U extrapolate a 10 year gold chart, U see that $1600 is WAY below the mean for 2013...which is why EDV has de-hedged their gold production...

It's about GROWTH, which is the first derivative (rate of change) of price.

At $1800/oz gold, margin increases $60 million.

At $2000/oz gold, (end of 2013?), the yearly margin has increased by $120 million! (ie 50% growth of current margin).

I have no problem with "conservative", but don't lose sight of what is highly probable.

gildage

Bullboard Posts

Canopy Growth nears adjusted EBITDA profitability in Q2 2025