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

Bullboard Posts

Post by Monkeydonkeyon May 03, 2016 1:03am

428 Views

Post# 24835533

Extra 40M paid down

An extra 40M was paid down, meaning edv is very confident they have plenty of cash to build hounde. Strong results, in line with expectations, AISC down, karma coming in, AISC down even more.

Also note that todays gold price is a 100$ more than the realised price for Q1. So 13M more next Q.
Including karma we should see 175M free cash flow.

Expect some changes after Q3 with DFS ITY cil and strategic exploration review. (Nzema out imo)

Good to see realmodgirl back, been a while :).

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