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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 Bobwinson Mar 23, 2015 1:21am
151 Views
Post# 23549821

RE:Newbie

RE:NewbieI think EDV is a good hold. They are a large junior producer with plans to build another mine that will put them over 600K oz/yr.  They have demonstrated that they can build mines on time and on budget.  This is an unusual mgmt team that was originally a mining finance company that decided to become a miner.  So they have expertise and access to financing beyond the normal junior.  

That's one reason why I would not be too worried about their debt levels.  

I can't explain why the stock has not done well.  They recently posted 2014 results and posted record cashflow and declining cash costs.  They have the safety of multiple mines operating in different countries.

This has been a tough environment for miners. I think junior producers are the best way to participate in this sector.  My other holding is TGZ.to.  Teranga is a smaller producer with one good mine but are valued more by the market than EDV.to.  
Bullboard Posts