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

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Comment by omroon Feb 25, 2014 12:15pm

203 Views

Post# 22248205

RE:RE:RE:RE:RE:RE:RE:RE:Gold is up

ShatnersRug wrote:
I was just about to post something regarding the disconnect between POG and SP of miners today.

This is something that I am, quite frankly, not worried about. In fact, I believe that there will be a slingshot effect on SP in the coming days or weeks. When POG was at ~$1300, EDV sat at 80-81 cents. Today $40 bucks higher, EDV sits at 81-82 cents. That's $16mil/year[at 400,000 oz. - conservative prod. est.] pro-rated in gross revenue with little change in SP.

Do the math. I am not concerned in the least about today's price action.

Thanks, that's definitely encouraging, as is the link you posted.

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