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Endeavour Mining plc T.EDV

Alternate Symbol(s):  EDVMF

Endeavour Mining plc is a United Kingdom-based multi-asset gold producer focused in West Africa. The Company has five operating assets consisting of the Hounde and Mana mines in Burkina Faso, the Ity and Lafigue mines in Cote d’Ivoire, and the Sabodala-Massawa mine in Senegal, two greenfield development projects (Assafou and Kalana) in Cote d’Ivoire and Mali and a portfolio of exploration assets on the highly prospective Birimian Greenstone Belt across Burkina Faso, Cote d’Ivoire, Senegal, and Guinea. The Hounde mine is located in the northern part of the highly prospective Hounde Greenstone Belt, approximately 60 kilometers (km) south of the Mana mine. The Ity mine is located in western Cote d'Ivoire, 480 km west-northwest from Abidjan, in the prefecture of Zouan-Hounien. 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.


TSX:EDV - Post by User

Bullboard Posts
Comment by marben100on Jun 14, 2013 10:30am
209 Views
Post# 21525016

RE: High salaries

RE: High salaries

Hi Linus, Thanks for drawing that to my attention. I'd better begin by introducing myself: I have been a shareholder for some time (previously Avion) and am very happy with the performance of the company - if not its share price of late! I started my own thread on Avion/Endeavour on this UK BB: https://www.stockopedia.co.uk/content/avion-gold-corp-66033/ V happy with the T/O and operational performance since. Been watching this BB for a while but hadn't previously registered. I agree that the compo is on the high side... but it's notable that it's REDUCED considerably over the last 3 yrs. NW was on US$3.4m in 2010 - now US$2m; ex-COO Connelly got US$2.2m in 2011; his replacement, Attie Roux got US$1.0 in 2012. Milau the CFO is down from $1.4m in 2011 to $0.8m in 2012. Other executives have also seen their comp. reduced by similar large amounts. NB this info. is in the annual management information circular - not the quarterly report. So: pay is still high but heading in the right direction. Also worth noting that in the event of a T/O of Avion, mgmt gets 10% of anything in excess of C$2.32/share that is obtained. Cheers, Mark

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