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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
Post by linus4on Jun 13, 2013 8:26am
406 Views
Post# 21519299

High salaries

High salaries

Yikes , did everyone see the compensation packages in the most recent  qrtly report ? I believe there were as many as five pulling in around $1,000,000 & one was at least $2,000,000 . .This seems a tad outrageous in this environment & out of touch with the performance of the Company. Also , the board members pull down about $100,000 each....these types of compensation packages should be for successful TSE  top 60 cos. , that have growing earnings & pay a decent dividend to shareholders...How did this happen ? What exactly have they done to earn this level of compensation ? How can a guy get  nominated to be on this board , so he can quit the job where he goes to work every day of the yr & makes a decent  $100,000 yrly , & get paid same amount to attend a few board meetings ..all this & the performance of the shares have been ripped ..Maybe management  & board members should take a 70 % haircut  in their pay like the shareholders have takenintheir stock price ...strikes me as being fair....

Bullboard Posts